The number of mortgages in Hong Kong's second-home market declined 17.6% year over year to 16,536 in 2024, the lowest in almost 15 years, The Standard reported, citing data from Centaline Property Agency.

For December alone, the number rose 8.8% to 1,281 from a month ago, driven by lower interest rates, according to the report.

For the first quarter of 2025, second-hand home mortgages are seen to increase, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)