Property News · June 30, 2025

Hong Kong mortgage loans hit 12-month high of US$3.4 billion


Hong Kong’s approved mortgage loans surged to a one-year high in May as more homebuyers sought to refinance their existing loans amid lower bank rates, according to data from the Hong Kong Monetary Authority (HKMA).
Banks approved HK$26.6 billion (US$3.39 billion) worth of loans in May, a 5.3 per cent rise from a month earlier, according to official data on Monday. It was the highest total since May last year when lenders extended about HK$31.6 billion in loans, according to data compiled by…

Source : South China Morning Post
Read more…Hong Kong mortgage loans hit 12-month high of US.4 billion

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