Century Mortgage: Relaxation of mortgage policy structurally reduces demand; new mortgage insurance approvals in Hong Kong hit a new low in recent years in September.

Zhito Finance APP has learned that Wang Meifeng, Managing Director of Centaline Mortgage, pointed out that the simultaneous decline in mortgage insurance figures in Hong Kong in the third quarter mainly reflected the property market entering a phase of periodic adjustment in mid-year. In addition, following the full relaxation of mortgage policies and the rise in the proportion of non-mortgage-insurance buyers entering the market, such as investors, overall market reliance on and demand for high loan-to-value mortgage insurance showed a structural decrease. Under the above factors, this affected mortgage insurance figures, resulting in an overall decline in the third quarter.