In March, Hong Kong recorded a total of 1,649 subsidized housing mortgage registrations, a sharp rebound of 344.5% from the record in February, a sharp rebound of 344.5% month-on-month, to a record high of the past 9 months. Of these, a total of 1,227 mortgage registrations were registered in the first quarter.
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 1,649 subsidized housing mortgage registrations in March, a sharp rebound of 344.5% month-on-month, a sharp rebound of 344.5% month-on-month to a record high of the past 9 months. Of these, a total of 1,227 mortgage registrations were registered in the first quarter. Bank of China Hong Kong (02388) ranked first in the subsidized housing mortgage market with a market share of 53.1% in March, ranking first for 8 consecutive months.
Wang Meifeng, managing director of Central Plains Mortgage, said that the mortgage guarantee period for the subsidized housing secondary market was officially extended to 50 years in March, and the maximum mortgage period for subsidized housing was extended to 30 years, which can promote home trading and circulation. Coupled with the improvement in the atmosphere in the Hong Kong property market in March, which also stimulated the residential housing market at the same time, the Hong Kong Housing Authority figures showed that the number of transactions in March increased by more than 1 times to 402.
According to data from the Central Plains Mortgage Research Department, the market share of the top ten banks in Hong Kong's funded housing mortgage registration in March was 99.9%, an increase of 6.4 percentage points over the previous month. The top three ranked banks were the same as in February. Bank of China Hong Kong recorded 876 subsidized housing mortgage registrations, with a month-on-month increase of 9.7 percentage points to 53.1%, the biggest increase in a single month; Hang Seng Bank (00011) recorded 439 registrations, increasing its market share by 0.7 percentage points to 26.6%, ranking second; and HSBC recorded 282 registrations, with a market share decrease of 0.7 percentage points to 17.1%, ranking third.
According to data from the Central Plains Mortgage Research Department, Hong Kong handled 2,437 subsidized housing mortgage registrations in the first quarter, a decrease of 51.8% compared with 5057 in the same period last year. Among them, Bank of China Hong Kong accounted for 1,249 registrations, a year-on-year decrease of 37.9%, ranking first; Hang Seng had 638 registrations, a year-on-year decrease of 55.1%, with a market share of 26.2%, ranking second; and HSBC had 408 registrations, down 70% from the previous year, and a market share of 16.7%, ranking third.