20-year high negative equity cases in Hong Kong residential mortgage loans rose 27% in Q1 due to home price decline and higher mortgage rates.

20-year high negative equity cases in Hong Kong residential mortgage loans rose 27% in Q1 due to a 1.8% decline in private home prices and higher mortgage rates. The HKMA reported 32,073 cases of negative equity at end-March, with $21.13bn involved, as the property market struggles with talent outflow and weak outlook. Mortgage delinquency ratio remained at 0.09%.

April 30, 2024
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