Meridians: The number of mortgage registrations for Hong Kong new properties in June increased by 93.4% compared to the previous month, reaching a 9-month high.

According to the latest data from mReferral Mortgage Brokerage Services, the Land Registry, in June 2026, the number of new mortgage registrations for existing buildings in Hong Kong was 8,983, an increase of 1,049 registrations (13.2%) from May's 7,934 registrations, reaching a 46-month high. The number of mortgage registrations for new buildings (uncompleted projects) in that month was 915, a significant increase of 442 registrations (93.4%) from May's 473 registrations, reaching a 9-month high. Comparing the first half of this year, there were a total of 41,707 registrations for existing buildings, an increase of 12,822 registrations (44.4%) from the same period last year, reaching a nearly 4-year high. For new buildings, there were 2,874 registrations in the first half of this year, a decrease of 315 registrations (9.9%) from the same period last year. Cao Deming, Deputy Chief Executive Officer of mReferral Mortgage Brokerage Services, stated that the increase in registrations for existing buildings in June was mainly driven by buyers of public housing Langtin Garden and Green Place Garden attending clubhouses, while the sharp increase in registrations for new buildings was mainly driven by buyers of Sierra Sea Phase 2A and Phase 2B attending clubhouses. It is expected that the property market will remain stable in the second half of the year, with banks maintaining a positive attitude towards residential mortgages, and the numbers for both existing and new building mortgage registrations are expected to remain stable. In terms of market share for existing building mortgages in June, Bank of China (Hong Kong) has maintained the top spot for the 21st consecutive month with a market share of 34.5%, followed by HSBC with 23.7%, Hang Seng Bank with 12.9%, Standard Chartered Bank with 6.9%, and ICBC (Asia) with 3.6%. For new building mortgages in June, HSBC maintained its top position for the third consecutive month with a market share of 27.3%, followed by Bank of China (Hong Kong) with 21.6%, Hang Seng Bank with 13.6%, Standard Chartered Bank with 12.2%, and ICBC (Asia) with 10.6%. The market share for existing building mortgages for the top four banks in June increased from 76% in the previous month to 78%, reaching a 3-year high. Cao Deming stated that as property prices continue to rise, banks are becoming more proactive in mortgage lending, introducing various mortgage plans and increasing related incentives such as cash rebates to attract high-quality customers and increase their market share. Recently, two large banks have introduced time-limited low-interest fixed-rate mortgage plans, extending the application period until the end of July and August. With interest rates currently not expected to decrease significantly, these plans are expected to continue attracting customers, and the market share of the top four banks in mortgages will likely remain high.