RESIDENTIAL PROPERTY | Staff Reporter, Hong Kong

Mortgage registration cases hit 7,612 in January

HSBC ate up almost a fourth of market share after snapping over 1800 deals.

The number of mortgage registrations for completed residential units rose marginally by 0.04% MoM to 7,612 cases in January as the heated housing market appears to be losing momentum amidst shrinking demand, according to data compiled the by the Land Registry and Centaline Mortgage Research.

In a breakdown, HSBC emerged as the market leader after scoring 1,882 mortgage registrations for completed units to account for almost a fourth (24.7%) of the market share in January.

Bank of China (Hong Kong) closely followed after registering 1,859 cases whilst Hang Seng Bank trailed at 1,200 cases over the same period.

In terms of pre-sold unfinished units, a total of 887 mortgage registrations was recorded in January. 

HSBC still retains the top spot in the mortgage market for pre-sold units for over a year now after representing over a fourth of the market share (28%) followed by BOC at 21.1%.

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