Zhi Tong Cai Jing·2025-11-03 08:52Core Insights - The Hong Kong mortgage market shows signs of recovery, with an increase in existing property mortgage registrations in October, reaching 6,463, a month-on-month increase of 7.1% [1] - New property mortgage registrations fell to 595, a decrease of 44% month-on-month, attributed to a reduction in the number of large new developments launched [1] - The overall market sentiment is improving, driven by lower interest rates following the U.S. rate cuts, which is expected to encourage more buyers and investors to enter the market [1] Group 1: Existing Property Mortgages - In October, existing property mortgage registrations totaled 6,463, marking a 7.1% increase from the previous month, and maintaining above 6,000 for three consecutive months [1] - The market is showing sustained strength, with expectations for continued positive growth in mortgage registrations for the year [1] Group 2: New Property Mortgages - New property mortgage registrations dropped to 595 in October, a significant decline of 44% from the previous month, primarily due to fewer large new projects being launched [1] - Year-to-date figures indicate a strong performance in new property mortgages, with a 78.2% year-on-year increase in registrations, totaling 5,971 [2] Group 3: Market Share Analysis - In October, Bank of China (Hong Kong) saw its market share for existing property mortgages decrease by 1.6 percentage points to 33.5%, while HSBC's market share fell by 0.1 percentage points to 19.9% [1] - For new property mortgages, HSBC's market share decreased by 4.2 percentage points to 24%, while Bank of China (Hong Kong) dropped by 3.9 percentage points to 20.3% [2] - Hang Seng Bank and Standard Chartered Bank saw increases in their market shares for both existing and new property mortgages, indicating a shift in competitive dynamics [1][2]