Core Viewpoint - The Hong Kong mortgage market is showing signs of recovery, with an increase in new mortgage insurance applications and amounts, reflecting a rebound in the property market since May 2023 [1] Group 1: Mortgage Insurance Data - In July 2025, the number of new mortgage insurance applications increased by 7.7% month-on-month to 1,532 cases, marking a one-year high [1] - The total amount of new mortgage insurance also rose by 9.2% month-on-month to 7.5 billion HKD, reaching an 11-month high [1] - Conversely, the number of new mortgage insurance utilizations decreased by 10.4% month-on-month to 629 cases, with the amount dropping by 7% to 3 billion HKD, reflecting a lag in the market's response to previous downturns [1] Group 2: Average Mortgage Amount and Market Factors - The average mortgage amount for new applications slightly decreased from 4.66 million HKD in June to 4.60 million HKD in July, attributed to a policy that exempted stamp duty for properties below 4 million HKD, leading to a higher proportion of lower-priced properties in the market [1] - Positive factors for the Hong Kong property market have emerged since the second quarter of this year, including a decline in interest rates and an increase in rental prices, which have eased the financial burden of homeownership [1] - The improved economic growth and rising market confidence are expected to sustain the momentum in the property market, supporting future mortgage and insurance figures [1]

Group 1 - The real estate market in the region has shown signs of recovery this year, with an increase in market activity [1] - In the first quarter, the total sales area of commercial housing reached 7.146 million square meters, a year-on-year increase of 23.8%, ranking 13th nationwide [1] - Various incentive policies have been introduced to lower the threshold for home purchases and boost consumer confidence, including financial subsidies and consumption vouchers [1] Group 2 - The first quarter saw a significant increase in inquiries and visits to new housing projects, with a quarter-on-quarter sales area increase of 10.2% [1] - Eight cities in the region reported year-on-year growth, while 13 cities experienced quarter-on-quarter growth [1] - A total of 20.1 billion yuan was withdrawn from housing provident funds for home purchases, with 36.21 billion yuan in loans issued to 8,523 individuals [1] Group 3 - The promotion of the "mortgage transfer" service model for second-hand housing has been implemented, allowing properties with existing mortgages to be transferred without prior loan repayment [2] - In the first quarter, the transaction area of second-hand houses reached 300.26 million square meters, a year-on-year increase of 43.14% [2] - The total transaction amount for second-hand houses was 14.673 billion yuan, up 32.10% year-on-year, with specific increases in both area and transaction amounts for second-hand housing [2]