Wang Meifeng from Zhongyuan: The number of newly approved mortgage insurance policies in Hong Kong in July increased by 7.7%, reaching a new high in one year.

Wang Meifeng, Managing Director of Zhongyuan Mortgage, stated that according to the latest data released by Hong Kong Mortgage Securities Limited, the number of new mortgage insurance cases approved in July 2025 increased by 7.7% to 1532 cases, reaching a new high for the year, while the amount increased by 9.2% to HK$7.5 billion, reaching an 11-month high, gradually reflecting the resurgence in the property market since May. During the same period, the number of new mortgage insurance cases taken out decreased by 10.4% to 629 cases, with the amount decreasing by 7% to HK$3 billion, reflecting a lagging softening in the property market in April. The average mortgage amount for new mortgages in Hong Kong decreased slightly from HK$4.66 million in June to HK$4.6 million in July, mainly due to the exemption of stamp duty for properties below HK$4 million introduced in the budget at the end of February. This policy stimulated the transactions of lower-priced properties, leading to an increase in the proportion of such properties in the mortgage cases, thereby lowering the average mortgage amount. Wang Meifeng stated that there have been several positive factors for the Hong Kong property market since the second quarter of this year, including the decrease in interest rates which, along with falling property prices, has eased the burden of homeowners, leading to an increase in demand for buying properties for rental purposes. The positive stock market performance has also boosted wealth effects, leading to an increase in demand for buying properties for rental income. With the economy showing signs of growing strength and market confidence generally rising, the property market has been active in recent months. It is expected that the property market will continue to stabilize and improve, which is likely to support future performance in mortgage and mortgage insurance figures.