Core Insights - The number and amount of new mortgage insurance loans in Hong Kong have decreased significantly in November, marking a continuous decline for four months, with the number reaching a nearly seven-year low and the amount hitting a six-year low [1][2] Group 1: November Mortgage Insurance Data - In November, the number of new mortgage insurance loans was 1,068, amounting to 5.629 billion HKD, representing a month-on-month decrease of 100 loans (8.6%) and 4.02 billion HKD (6.7%) [1] - The number of new mortgage insurance loans utilized was 560, totaling 2.799 billion HKD, with a month-on-month decrease of 63 loans (10.1%) and 3.07 billion HKD (9.9%) [1] - The average amount of new mortgage insurance loans utilized was 5 million HKD, which is an increase of 10,000 HKD (0.3%) month-on-month, marking a seven-month high [1] Group 2: Year-to-Date Mortgage Insurance Trends - For the first eleven months, the number of new mortgage insurance loans was 14,726, totaling 73.997 billion HKD, reflecting a year-on-year decline of 4,619 loans (23.9%) and 27.051 billion HKD (26.8%) [1] - The number of new mortgage insurance loans utilized in the first eleven months was 6,594, amounting to 32.653 billion HKD, with a year-on-year decrease of 2,217 loans (25.2%) and 12.517 billion HKD (27.7%) [1] Group 3: Market Commentary - The Chief Vice President of the mortgage referral company indicated that the lack of large new property buyers and the government's previous easing of mortgage requirements have significantly reduced the demand for mortgage insurance, suggesting that the numbers will likely remain low [2]

Core Insights - The number and amount of new mortgage insurance loans in Hong Kong for October decreased, marking a continuous decline for three months, with the number reaching a 13-month low and the amount hitting a six-year low since the introduction of the "Carrie Lam plan" in October 2019 [1] Group 1: Mortgage Insurance Loan Statistics - In October, the number of new mortgage insurance loans was 1,168, amounting to HKD 6.031 billion, representing a decrease of 108 loans (8.5%) and HKD 0.379 billion (5.9%) from the previous month [1] - The number of new mortgage insurance loans utilized was 623, totaling HKD 3.106 billion, with a decrease of 92 loans (12.9%) and HKD 0.370 billion (10.6%) month-on-month [1] - The average amount of new mortgage insurance loans utilized was HKD 4.99 million, which increased by HKD 0.12 million (2.6%) month-on-month, reaching a six-month high [1] Group 2: Year-to-Date Performance - For the first ten months, the number of new mortgage insurance loans was 13,658, totaling HKD 68.368 billion, showing a year-on-year decline of 4,332 loans (24.1%) and HKD 25.639 billion (27.3%), both reaching their lowest levels in nearly nine and six years, respectively [1] - The number of new mortgage insurance loans utilized in the first ten months was 6,034, amounting to HKD 29.853 billion, with a year-on-year decrease of 2,301 loans (27.6%) and HKD 12.983 billion (30.3%), also marking the lowest levels in nearly nine and six years [1] Group 3: Market Commentary - The Chief Vice President of the mortgage referral company indicated that the lack of large new property buyers in October, combined with the government's previous easing of mortgage limits, has led to a temporary lack of upward pressure on mortgage insurance demand, suggesting that the numbers will continue to fluctuate within a narrow range [2]

Core Insights - In September, the number of new mortgage insurance applications in Hong Kong increased by over 20% month-on-month, supported by demand from buyers of large new developments [1] - The Hong Kong government has relaxed mortgage limits, allowing buyers to apply for up to 70% mortgages without needing mortgage insurance, which has not yet significantly increased demand for mortgage insurance [1] - The total number of new mortgage insurance loans approved in September was 1,276, amounting to HKD 64.1 billion, representing a decrease of 5.5% in number and 6.3% in amount compared to August [1] Monthly Comparison - In September, the number of new mortgage insurance loans was 715, with a total amount of HKD 34.76 billion, marking increases of 22.4% in number and 25.3% in amount from August, reaching a 12-month high [1] - The average new mortgage insurance loan amount was HKD 4.86 million, up by HKD 110,000 (2.3%) month-on-month, also a 5-month high [1] - In the new mortgage insurance cases, first-hand properties accounted for 41%, while second-hand properties made up 59% [1] Year-to-Date Comparison - For the first nine months of 2025, the number of new mortgage insurance loans was 12,490, totaling HKD 623.37 billion, down 24.8% in number and 28.1% in amount compared to the same period last year, marking the lowest figures in nearly nine years for the number and six years for the amount [2] - The number of new mortgage insurance loans taken out in the first nine months was 5,411, with a total amount of HKD 267.47 billion, reflecting a decrease of 31.1% in number and 33.8% in amount from the previous year, also the lowest in nearly nine years for the number and six years for the amount [2]

Group 1 - In July, the number and amount of new mortgage insurance plan loans in Hong Kong reached 1,532 cases and HKD 7.523 billion, representing increases of 7.7% and 9.2% respectively compared to June, with the number of cases hitting a 12-month high and the amount a 11-month high [1] - The number and amount of new mortgage insurance plan loans utilized in July were 629 cases and HKD 3.039 billion, showing decreases of 10.4% and 7% respectively from June, while the average loan amount increased by HKD 170,000 or 3.8%, marking a 3-month high [1] - For the first seven months of 2025, the number and amount of new mortgage insurance loans were 9,864 cases and HKD 49.085 billion, down 29.2% and 32.5% year-on-year, with both figures reaching their lowest levels in nearly nine and six years respectively [1] Group 2 - The Chief Vice President of the mortgage referral company indicated that the property market is stabilizing, but developers are primarily selling new properties and leftover stock at lower prices, which has affected the mortgage ratios and borrowing amounts for buyers [2] - Due to the Hong Kong government's relaxation of mortgage ratios last year, buyers can apply for up to 70% mortgages without needing insurance, leading to a decrease in demand for mortgage insurance, and it is expected that the numbers will continue to fluctuate slightly in the second half of the year [2]

Core Insights - In April, the number and amount of new mortgage insurance loans increased significantly, reaching 1,490 loans and HKD 71.28 billion, marking a 10% increase in volume and a 7.4% increase in value compared to March [1] - The number of new mortgage insurance loans utilized in April was 610, totaling HKD 33.78 billion, which represents an 18.4% increase in volume and a 30% increase in value from March, both reaching a 7-month high [1] - The first four months of 2023 saw a decline in new mortgage insurance loans, with 5,448 loans and HKD 274.87 billion, down 35.5% and 36.7% year-on-year, respectively, marking the lowest figures in nearly nine and six years [1] Group 1 - The number of new mortgage insurance loans in April was 1,490, an increase of 135 loans (10%) from March [1] - The total amount for new mortgage insurance loans in April was HKD 71.28 billion, an increase of HKD 4.89 billion (7.4%) from March [1] - The average new mortgage insurance loan amount in April was HKD 55,400, up HKD 490,000 (9.7%) from the previous month, reaching an 18-month high [1] Group 2 - The proportion of first-hand properties in new mortgage insurance cases was 54%, the highest in 10 months, while second-hand properties accounted for 46% [1] - The first four months of 2023 saw 2,169 new mortgage insurance loans utilized, down 17.3% year-on-year, totaling HKD 112.92 billion, a decrease of 18.4% [1] - The increase in April's mortgage insurance numbers is attributed to new developments, such as Park Seasons, with buyers opting for higher mortgage ratios [2]