The Hong Kong Monetary Authority announced that the number of mortgage applications in January 2025 increased MoM by 3.3% to 6,516.Mortgage loans approved in January 2025 decreased by 2.1% compared with December 2024 to $25 billion. Among these, mortgage loans financing primary market transactions increased by 15.5% to $10 billion and those financing secondary market transactions decreased by 11.7% to $12.2 billion. Mortgage loans for refinancing decreased by 8.8% to $2.9 billion.Mortgage loans drawn down during January 2025 increased by 17.6% compared with December 2024 to $15.6 billion.