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<HK Home>HK 3Q Estimated No. of RMLs in Negative Equity Down 6,300+ Cases or ~17% QoQ to 31,500 Cases
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The Hong Kong Monetary Authority announced the results of its survey on residential mortgage loans (RMLs) in negative equity at end-September 2025. The estimated number of RMLs in negative equity was 31,449 cases at end-September 2025, down 6,357 cases or 16.8% from 37,806 cases at end-June 2025.

These cases were mainly related to bank staff housing loans or RMLs under mortgage insurance programme, which generally have a higher loan-to-value ratio. The aggregate value of RMLs in negative equity decreased to HK$156.8 billion at end-September 2025 compared with HK$190.2 billion at end-June 2025.
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