Channels: In Hong Kong, there were 6,662 newly approved building mortgages in October, representing an 8% increase compared to the previous month.

mReferral Mortgage Brokerage Services Referral Research Department and Land Registry latest data shows that in October 2025, the number of existing building mortgages in Hong Kong was 6,662, an increase of 491 (8%) from September's 6,171. The number of new building mortgages in that month was 599, a decrease of 599 (44%) from September's 1,070. Compared to the same period last year, the number of existing building mortgages in October 2025 increased by 2,729 (69.4%) from the same period in 2024, while the number of new building mortgages increased by 51 (9.3%) from the same period in 2024. In comparison to the first 10 months of 2024, the first 10 months of 2025 recorded an increase of 10,988 (25.4%) in the number of existing building mortgages and an increase of 2,435 (67.5%) in the number of new building mortgages, reaching a new high for the first 10 months in nearly 5 years. mReferral Mortgage Brokerage Services Referral Senior Vice President Cao Deming stated that buyers of new government housing projects such as An Ying Court and Kai Yuet Court have gradually appeared in October, supporting the number of existing building mortgages. With interest rates falling again, property prices stabilizing, and citizens becoming more optimistic about the future market, the pace of homebuyers and investors entering the market is expected to accelerate. The property market turnover will steadily increase, leading to an increase in mortgage numbers. In terms of market share of existing building mortgages, Bank of China (Hong Kong) continued its dominance with a market share of 32.2%, followed by HSBC with 19.3%, Hang Seng Bank with 15.8%, Standard Chartered Bank with 7%, and Bank of East Asia with 6.2%. For new building mortgages, HSBC maintained its top position with a market share of 23.9%, followed by Bank of China (Hong Kong) with 20.2%, Hang Seng Bank with 14.4%, Bank of Communications with 10.5%, and Standard Chartered Bank with 9.5%. In October 2025, the market share of the four major banks for existing building mortgages decreased slightly from 74.7% to 74.3%. Cao Deming stated that with interest rates falling again, banks will maintain a positive attitude towards mortgage business and introduce different mortgage plans and promotions to compete for more business, providing positive support to the property market.