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But loans for refinancing dipped by 8.8%.
Residential mortgage loans in Hong Kong increased by 29.1% to $34.2b in February from $26.5b last January.
The city's Monetary Authority also recorded a 32.4% month-over-month increase in the number of mortgage applications in the same month to 9,719 from 7,342.
Mortgage loans financing primary market transactions grew by 18.4% to $7.7b from $6.5b, whilst those financing secondary market transactions rose 47.5% to $21.6b from $14.7b.
READ MORE: Heads up tenants: Housing Authority announces rates concession starting April
Mortgage loans drawn down during February increased by 0.6% to $17.3b from $17.2b.
However, loans for refinancing dipped 8.8% to $4.8b in February from $5.3b in January.
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