Residential mortgage loans reached $31.3b in October

Loan transactions decreased by 2.1% to $12.4b, whilst secondary transactions increased by 3.4% to $16b.

The value of residential mortgage loans approved in October 2025 stood at $31.3b, showing minimal changes over the previous month, the Monetary Authority said.

Of the $31.3b, mortgage loan transactions decreased by 2.1% to $12.4b, whilst financing secondary market transactions increased by 3.4% to $16b, it added.

Mortgage loans made during October amounted to $20.1b, a 3.5% drop from September.

The number of mortgage applications in October dipped by 0.7% to 8,255.

By end-October, the outstanding value of mortgage loans increased 0.8% month on month to $1.9t.

Loans for refinancing fell by 8.4% to $3b.