智通财经网·2025-10-02 08:17Core Insights - In September 2025, the number of existing property mortgage applications decreased to 6,171, down 637 applications (9.4%) from August, while the number of pre-sale mortgage applications surged to 1,070, an increase of 691 applications (182.3%), marking a new high in over 68 months [1][2] - Year-on-year comparisons show that existing property mortgage applications increased by 2,228 applications (56.5%) compared to September 2024, while pre-sale mortgage applications rose by 502 applications (88.4%) [1] - For the first nine months of 2025, existing property mortgage applications totaled 47,566, an increase of 8,259 applications (21%) from the same period last year, while pre-sale mortgage applications reached 5,442, up 2,384 applications (78%) [1] Mortgage Market Dynamics - The significant increase in pre-sale mortgage applications in September was driven by new developments such as Sierra Sea and Yoho West Parkside, with Sierra Sea buyers accounting for over 60% of the total pre-sale mortgages [2] - The rise in pre-sale mortgages reflects the effectiveness of the government's recent measures to relax pre-sale mortgage ratios, leading to a steady increase in new property transactions [2] - The market share of existing property mortgages among the four major banks slightly decreased from 75% to 74.7% in September, indicating a competitive landscape [3] Bank Market Shares - In the existing property mortgage market, Bank of China (Hong Kong) leads with a market share of 33.8%, followed by HSBC at 19.5% and Hang Seng Bank at 15.5% [2] - For pre-sale mortgages, HSBC regained the top position with a market share of 28%, while Bank of China (Hong Kong) fell to second place with 24% [2] - The competitive environment has prompted banks to introduce various mortgage plans and incentives, including HSBC's new fixed-rate mortgage plans, which are expected to attract new mortgage clients [3]