Hong Kong Mortgage Approvals Rose 5.4% in December

Hong Kong approved mortgage loans increased by 5.4 percent month-on-month to HK$25.5 billion in December 2024, despite a 21.1 percent drop in applications to 6,306.

Among them, mortgage loans financing primary market transactions rose 8.7 percent to HK$8.6 billion, secondary market loans grew 0.5 percent to HK$13.8 billion, and mortgage loans for refinancing jumped 21.1 percent to HK$3.1 billion. 

The share of Hibor-linked loans fell to 91.3 percent, while best lending rate-linked loans increased to 4.1 percent in December. 

JUNE CHEN