Cheung Wan Mortgage: Hong Kong's new building mortgage in June increased by more than 30% to reach a 22-month high. The mortgage for new properties increased by 50.9% to 560 cases compared to the previous month.

Wang Meifeng, the Managing Director of Central Mortgage, stated that in June 2025, there were 6,508 registrations for new property mortgages in Hong Kong, representing a significant increase of 32.3% from the 4,920 registrations in May. This marked the second consecutive month of increase and a 22-month high. Additionally, there was a notable increase in registrations for pre-sale properties, with 560 registrations in June, a 50.9% increase from May. BOC HONG KONG maintained its position as the top mortgage lender for both new and pre-sale properties. Wang Meifeng noted that the warming property market has led to an increase in mortgage registrations this year. In the first half of 2025, the number of registrations for new and pre-sale properties saw a significant growth compared to the same period last year. The total number of new property mortgage registrations in the first half of the year increased by 18.7% to 27,784, with BOC HONG KONG leading in market share at 33.8%. For pre-sale property mortgage registrations, there was a 112% increase to 3,145 registrations, with BOC HONG KONG topping the market share at 29.8%. Wang Meifeng believes that the Hong Kong property market has benefitted from the decrease in HIBOR rates, and with favorable market conditions, including strong sales of new developments and an improved market sentiment, the real estate market has seen significant growth in both primary and secondary transactions. She expects mortgage registration numbers to continue to rise in the future. Wang expressed confidence that the interest rate spread between Hong Kong and the United States remains wide, and with a high possibility of a rate cut in the US in the second half of the year, Hong Kong's interest rates are expected to stay below the levels seen before May. Data from Central Mortgage's research department showed that in June, the top four banks accounted for 78.4% of new property mortgage registrations, marking an 8.1% increase from the previous month. BOC HONG KONG maintained its lead position with a market share of 34.7% for new property mortgages, while HSBC remained in second place with a 22.2% market share. Hang Seng Bank and Standard Chartered Bank followed in third and fourth place, respectively. The rankings for the remaining banks in the top ten for new property mortgage market share in June were as follows: Bank of East Asia (5th place), Industrial and Commercial Bank of China (6th place), Mizuho Bank (7th place), Citibank (8th place), Bank of Communications (Hong Kong) (9th place), and Chong Hing Bank (10th place).