The Zhitong Finance App learned that according to data from the Central Plains Mortgage Research Department and Land Registry, Hong Kong recorded a total of 371 subsidized housing mortgage registrations in February 2024 (mainly homes and other subsidized housing), down 11% from the previous month, a record low since 2005 was recorded. Mainly because several large-scale new funded housing sales projects have completed the conference process, and the subsidized housing projects expected to enter 2024 are mainly concentrated in the second half of the year. Bank of China Hong Kong (02388) ranked first in the subsidized housing mortgage market with a market share of 43.4% in February 2024, and became the champion in the monthly subsidized housing mortgage market for 7 consecutive months.

Wang Meifeng, managing director of Central Plains Mortgage, expects that although the significant reduction in the number of first-hand funded housing completed in Hong Kong in 2024 will affect the amount of mortgages, the mortgage guarantee period for the secondary housing market was extended to 50 years and officially implemented in March, and the maximum term limit for subsidized housing mortgages was extended to 30 years, which could facilitate the trading and circulation of homes in the Hong Kong second-hand market.

According to data from the Central Plains Mortgage Research Department, the market share of the top ten banks in subsidized housing mortgage registrations in February 2024 was 93.5%, an increase of 0.2% over the previous month. The top five ranked banks were the same as in January. Bank of China Hong Kong recorded 161 subsidized housing mortgage registrations in February. Although the market share decreased by 7.4 percentage points to 43.4% month on month, it remained the champion in subsidized housing loans for 7 consecutive months; Hang Seng Bank recorded 96 subsidized housing mortgage registrations during the period, increasing 1.2 percentage points to 25.9% month-on-month, ranking second; HSBC registered 66 subsidized housing mortgages during the same period. The market share increased 3.4 percentage points to 17.8%, the biggest increase in a single month, ranking third; ICBC (Asia) recorded 24 subsidized housing loans during the period Mortgage registration, month-on-month market share The rate increased by 3.1 percentage points to 6.5%, ranking fourth.

According to data from the Central Plains Mortgage Research Department, 788 subsidized housing mortgage registrations were carried out in the first two months of 2024, a decrease of 68.8% compared with 2,524 in the same period of 2023. Among them, Bank of China Hong Kong accounted for 373 registrations, down 64.8% year on year, with a market share of 47.9%, winning the ranking; Hang Seng Bank (00011) had 199 registrations, down 71.1% year on year and 25.3% market share, ranking second; HSBC had 126 home mortgage registrations during the same period, down 79.9% year on year, with a market share ratio of 16%; ICBC (Asia) recorded 38 registrations during the same period, with a year-on-year increase of 100% and 4.8% of the market share; Bank of East Asia (00023) had 24 housing mortgage registrations, down 4.8% year on year. 50%, market share 3% , ranked fifth. It is worth noting that CMB Wing Lung climbed seven places to 10th place with a market share of 0.4% (3 registrations), up 200% year over year, to become the top ten.