The Zhitong Finance App learned that according to figures from the Central Plains Mortgage Research Department and the Land Registry, 22 mortgage registrations for the elderly were recorded in May, a decrease of 5 cases compared to April, and another 18.5% drop from the previous month, hitting a 10-month low. Among them, Bank of China Hong Kong accounted for 21 cases, with a market share of 95.5%. The other case came from the Shanghai Commercial Bank, with a market share of 4.5%. 190 mortgage registrations for the elderly were recorded in the first 5 months, an increase of 62.4% over the previous year.

Among them, the Bank of China Hong Kong accounted for 188 cases, an increase of 63.5%, with a market share of 98.9%. The Shanghai Commercial Bank ranked second, with 2 cases, and the market share increased to 1.1%.

According to statistics from Hong Kong mortgage insurance companies, there were 178 mortgage applications for the elderly in May, an increase of 183% over the previous month, and an increase of 2.2 times over the previous month.

The Hong Kong Mortgage Corporation officially launched the Elderly Mortgage Plan in July 2011. As of May 31, 2024, there were a total of 7,470 applications, with single applications accounting for the largest number of applications, reaching 65.5%, while 2 and 3 people accounted for 34.4% and 0.1% respectively.

The average age of Elderly Mortgage users is around 68 years old. The average property value is HK$5.8 million (between HK$360,000 and HK$65 million), the average annuity received per month is HK$17,000 (between HK$0 and HK$198,000), and the average age of the property is 31 years (between 1 year and 71 years). The largest number of applicants chose to receive a lifetime annuity, at 52.4%, followed by a fixed 10-year term, at 21.7%.