Meridians: The overall Hong Kong property market maintained a "rise in both price and volume" pattern in the second quarter. It is expected that mortgage figures in the property market will remain stable.

Mr. Cao Deming, Vice President of Referral Mortgage Brokerage Services, stated that the overall Hong Kong property market maintained a "rising prices and volumes" trend in the second quarter. With banks showing a more positive attitude towards residential mortgages and introducing various mortgage plans and incentives to attract high-quality customers, overall mortgage numbers in May have seen an increase. It is expected that these figures will remain stable. The Residential Mortgage Survey conducted by the Hong Kong Monetary Authority in May 2026 showed that the number of new mortgage loan applications was 10,767, an increase of 1,226 (12.8%) from April's 9,541, reaching a 38-month high. The amount and number of new mortgage loans approved in May were 40.231 billion HKD and 8,087, compared to April's 36.528 billion HKD and 7,102, an increase of 3.703 billion HKD (10.1%) and 985 (13.9%), respectively, both reaching a 36-month high. Additionally, the amount and number of new drawdown mortgage loans in May were 23.573 billion HKD and 4,728, compared to April's 22.603 billion HKD and 4,578, an increase of 970 million HKD (4.3%) and 150 (3.3%). Comparing the first five months of this year with the same period last year, the total amount and number of new mortgage loans approved were 178.342 billion HKD and 35,426, an increase of 50.766 billion HKD (39.8%) and 8,214 (30.2%) from last year, both reaching a new high for the first five months in nearly three years. Additionally, the total amount and number of new drawdown mortgage loans in the first five months of this year were 111.278 billion HKD and 22,296, compared to last year's 82.423 billion HKD and 17,708, an increase of 28.855 billion HKD (35%) and 4,588 (25.9%), reaching a new high for the first five months in nearly four years.