Central Plains Mortgage: May mortgage approval numbers continue to be soft. The number of new mortgage approvals in the first five months fell by 18.4% compared to the previous year, reaching a new low in nearly 10 years.

According to the WiseFinancial APP, Wang Meifeng, the Director-General of Zhongyuan Mortgage, stated that according to the latest data released by Hong Kong mortgage brokers, the mortgage insurance figures for May 2026 continue to be soft. The number of new mortgage insurance applications in May fell by 2.8% to 1,073, while the amount of new mortgage insurance applications increased by 3.6% to 6.1 billion Hong Kong dollars compared to the previous month. During the same period, the number of new mortgage withdrawals decreased by 10.5% to 471, and the amount of new mortgage withdrawals also decreased by 10.9% to 2.5 billion Hong Kong dollars. The average amount of new mortgage loans taken was approximately 5.31 million Hong Kong dollars, a decrease of 0.4% compared to the previous month. Among these, 25% were for new properties and 75% were for second-hand properties.