智通财经APP获悉，中原按揭董事总经理王美凤表示，根据香港按揭证券公司最新公布的数据，2026年 1月香港新取用按揭保险宗数环比下降8.7%至460宗，创自2018年11月后逾7年(86个月)新低，金额亦下 降7.1%至23.6亿港元。同期新批按揭保险宗数虽环比回升5.8%至1100宗，但仍处于自2019年1月后的7 年低位，金额环比升7%至59.4亿港元，同样处于6年半低位。 王美凤指出，与2025年同期比较，2026年1月份新取用按保宗数同比减少11%，金额同比减少9%，新批 按保宗数及金额则分别同比减少14.1%及10.9%。数字回落主要因为按揭成数已全面放宽，置业人士对 高成数按揭保险的需求减少；加上投资客入市比例增加，而这类买家并非按保用家，进一步令按保数字 在低位徘徊。 1月份按保数字主要反映2025年第四季市况，整体楼市在第四季交投向好，但按揭保险使用比例持续处 于低水平。王美凤分析，基于楼按政策已全面放宽至七成按揭，买家以低至三成首期置业已无需透过按 保，大大降低了对高成数按揭保险的依赖，令大部份置业人士无需支付按保保费已可顺利上会，减轻了 置业成本。 数据显示，按保使用比例已由放宽前逾30% ...

Core Insights - The mortgage insurance market in Hong Kong is experiencing a significant decline in both the number of new applications and the total amount insured, attributed to a decrease in demand for high loan-to-value (LTV) mortgage insurance as LTV ratios have been relaxed [1][2] Group 1: Mortgage Insurance Trends - In November 2025, the number of new mortgage insurance applications fell by 10.1% month-on-month to 560, with the total amount decreasing by 9.9% to HKD 2.8 billion [1] - The number of new mortgage insurance applications for the same period dropped by 8.6% month-on-month to 1,068, marking the lowest level in over seven years, with the total amount down 6.7% to HKD 5.6 billion [1] - The overall mortgage insurance usage ratio has decreased from over 30% before the policy relaxation to an average of about 15% this year [1] Group 2: Market Dynamics - The overall property market showed improved transaction activity in the fourth quarter, but the usage of mortgage insurance remains low [1] - The increase in the proportion of investment buyers, who typically do not require high LTV mortgage insurance, has contributed to the low penetration rate of mortgage insurance in the overall mortgage market [1] - For the first 11 months of 2025, new mortgage insurance applications totaled 6,594, a decline of 25.2% compared to the same period in 2024, with the total amount insured at HKD 32.7 billion, down 27.7% year-on-year [2]