According to figures from the Central Plains Mortgage Research Department and the Land Registry, Hong Kong recorded 33 mortgage pension registrations in June, an increase of 50% month-on-month.
The Zhitong Finance App learned that according to figures from the Central Plains Mortgage Research Department and the Land Registry, Hong Kong recorded 33 mortgage pension registrations in June, an increase of 50% month-on-month. Among them, Bank of China Hong Kong accounted for 30 cases, with a market share of 90.9%; the Bank of East Asia accounted for 2 cases, ranking second, with a market share of 6.1%; and Commercial Bank of Shanghai ranked third, with 1 case, with a market share of 3%.
In the first half of the year, 223 mortgage pension registrations were recorded, an increase of 60.4% year-on-year. Among them, the Bank of China Hong Kong accounted for 218 cases, an increase of 60.3%, leading the market share of 97.8%; the Shanghai Commercial Bank ranked second, with 3 cases, and the market share rose to 1.3%; and the Bank of East Asia accounted for 2 cases, and the market share rose to 0.9%, ranking third.
According to statistics from Hong Kong mortgage insurance companies, there were 34 mortgage pension applications in June, a decrease of 80.1% month-on-month and 56.4% year-on-year.
The Hong Kong Mortgage Corporation launched the Mortgage Pension Plan in July 2011. As of June 30, 2024, there were a total of 7504 applications, with single applications accounting for 65.5%, while double and 3-person applications accounted for 34.4% and 0.1% respectively. 52.4% of applicants chose to receive a lifetime annuity, and 21.7% chose a fixed 10-year term.