According to the Zhongyuan Mortgage director and general manager Wang Meifeng, the recent comprehensive relaxation of mortgage policies in Hong Kong, combined with the emergence of several positive market factors such as the initiation of interest rate cuts, active mortgage lending by banks, and central economic stimulus measures, has significantly increased market confidence, improving the real estate market sentiment. In October, there was a significant increase in the trading volume of both first-hand and second-hand properties, with an overall increase in mortgage applications more than doubled month-on-month. The increase in demand for home purchases has driven a stabilization of property prices, which is expected to lead to a rebound in mortgage registrations for existing properties in the first quarter of next year.

Data from the Zhongyuan Mortgage Research Department shows that in October, there were 3759 registrations for existing property mortgages, a 4% increase from September's 3615 registrations. Among them, 12.5% (468 registrations) were related to the register of Jade Grove under the Home Ownership Scheme. Mortgage registrations for new properties in October decreased by 2.7% to 536 registrations, with the majority coming from Seasons Place (103 registrations) and NOVO LAND3B Phase (103 registrations).

In terms of mortgage market share, in October, Bank of China Hong Kong (02388) surpassed HSBC (00005) to reclaim the crown in the market share of existing property mortgages, while HSBC maintained its position with 7 consecutive months at the top of the market share for new properties. Since late September, several major banks have successively launched new low-interest fixed-rate mortgage plans, providing more options for the market. Banks have gradually become more actively involved in mortgage underwriting, and it is believed that the ranking of banks in terms of mortgage market share will change in the future.

In October, the top 4 banks in terms of market share for existing property mortgages increased by 3.4 percentage points to 73.7%. Bank of China Hong Kong's market share increased by 8.8 percentage points to 29.7%; HSBC's monthly market share decreased by 3.8 percentage points to 28.3%; Hang Seng Bank's market share increased by 0.3 percentage points to 11.3%; Industrial and Commercial Bank of China Asia and Standard Chartered saw their market share decrease by 1.9 and increase by 2.7 percentage points respectively to 4.4%, ranking fourth.

In October, HSBC's market share for new property mortgages decreased by 2.2 percentage points to 36.6%, maintaining the top spot for 7 consecutive months; Bank of China Hong Kong’s market share increased by 1.1 percentage points to 13.8%, rising to second place; Industrial and Commercial Bank of China Asia's market share decreased by 2.4 percentage points to 11%, dropping to third place; Bank of East Asia's market share decreased by 1.9 percentage points to 8.8%, remaining in fourth place; Hang Seng Bank's market share increased by 1.5 percentage points to 7.3%, holding fifth place.

For the first 10 months, the number of registrations for existing property mortgages decreased by 34.9% to 41,074, reaching a new low for the same period since 2005. Among them, Bank of China Hong Kong has successfully processed 12,812 registrations for existing property mortgages, with a market share of 31.2%, currently leading the rankings. In terms of new property mortgage registrations, the first 10 months saw a total of 3351 registrations, a year-on-year increase of 170.7%. HSBC led the way with 1388 new property mortgage registrations, holding a 41.4% market share, currently ranking first.