Hong Kong's mortgage approvals hit HK$50.6 billion in June 2026, a 25.8% surge from the previous month, according to data released by the Hong Kong Monetary Authority. The sharp rise marks the highest monthly total in over a year and points to a rebound in the city's property market after a prolonged downturn.
What drove the jump
The increase was fueled by a wave of homebuyers returning to the market, encouraged by stabilizing prices and more favorable lending conditions. Banks approved 7,456 mortgage applications in June, up from 5,923 in May. The average loan size also grew, reaching HK$6.8 million.
Market context
Hong Kong's property sector had been under pressure since mid-2025, with transaction volumes falling and prices slipping. The June data suggests the tide may be turning. Developers reported stronger sales at new launches, and secondary market activity picked up as sellers adjusted price expectations.
The HKMA will release July mortgage data in late August. Analysts will be watching to see if the June surge is a one-off or the start of a sustained recovery. The government has not announced any new cooling measures, but officials said they are monitoring the market closely.
