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Story perspectives

November 2025 Sees Drop in Hong Kong Mortgage Activity

1/3/2026

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Story summary
  • In November 2025, Hong Kong's mortgage activity declined, according to the Hong Kong Monetary Authority.
  • Mortgage applications fell 2.9% to 8,019, and approvals dropped 7% to HK$29.1 billion (US$3.74 billion).
  • Loans for new home purchases declined 12.6%, and refinancing loans fell 9.6%.
  • The data through November 2025 indicate a potential recovery, helped by easing borrowing costs and stabilizing home prices.