According to the latest data from the Mortgage Referral Research Department and the Hong Kong Land Registry, the number of current building mortgages in June was 4,943, an increase of 1,372 (38.4%) from May's 3,571, reaching a new high in eight months. The number of off-plan mortgages was 804, an increase of 515 (178.2%) from May's 289, rising for three consecutive months and reaching a new high of 27 months. The number of current building mortgages in June was 3,452 less than the same period last year (a decrease of 41.1% from 8,395); the number of off-plan mortgages in June was 691 more than the same period last year (an increase of 611.5% from 113).

The number of current building mortgages recorded in the first half of the year was 24,530, a decrease of 15,910 (39.3%) from the same period last year's 40,440, reaching a new low in the first half of the year since 2001; the number of off-plan mortgages was 1,653, an increase of 984 (147.1%) from the same period last year's 669.

Cao Deming, vice president of the Mortgage Referral Department, said that after the government relaxed the mortgage percentage of off-plan properties last year, the number of off-plan mortgages continued to rise. In June, the number increased nearly 1.8 times, mainly driven by buyers of new developments such as YOHO WEST, TAI FENG, BELGRAVIA PLACE, and BAKER CIRCLE. The increase of nearly 40% in current building mortgages was driven by buyers of NOVO LAND. After the government fully withdrew the cooling measures, new developments continue to dominate the market, among which the ratio of buyers choosing immediate supply has increased significantly. It is expected that the mortgage numbers will gradually reflect this in the year.

In terms of market share of current building mortgages, BOC Hong Kong has ranked first for eleven consecutive months with a market share of 29.7%, and HSBC ranked second with a market share of 27.6%; Bank of East Asia rose one place and ranked third with a market share of 7%; Hang Seng Bank fell one place and ranked fourth with a market share of 6.6%; Citibank rose one place and ranked fifth with a market share of 4.8%.

In terms of market share of off-plan mortgages, HSBC has remained in the first place for three consecutive times with a market share of 45.3%; BOC Hong Kong is unchanged, ranking second with a market share of 21.1%; Bank of East Asia rose one place and ranked third with a market share of 9.2%; Industrial and Commercial Bank of China (Asia) fell one place and ranked fourth with a market share of 8.5%; Hang Seng Bank is unchanged, ranking fifth with a market share of 6.3%.

The market share of the four major banks' current building mortgages increased by 2.8% from 63.4% in May to 66.2% in June, rebounding after two consecutive months of decline. Cao Deming said that banks have been conservative in their approach to mortgage business and have gradually reduced mortgage rebates. Currently, only a small number of small and medium-sized banks are competing for mortgage business by offering more favorable mortgage plans to attract specific high-quality or large customers, while some customers will tend to choose banks with more preferential mortgage terms.