Central Plains Mortgage: Hong Kong's mortgage registrations for the elderly surged 94.3% month-on-month in October to a seven-year high

The Zhitong Finance App learned that according to data from the Central Plains Mortgage Research Department and the Hong Kong Land Registry, Hong Kong recorded 68 mortgage registrations for the elderly in October 2026, a sharp increase of 94.3% (33 cases) over the previous month, a record high of 83 months (nearly 7 years); 364 registrations were recorded in the first ten months of 2026, 56 more cases compared to the same period in 2025 (308 cases), an increase of 18.2% over the previous year.

Regarding the rapid increase of over 90% month-on-month mortgage registrations in October, Wang Meifeng, managing director of Zhongyuan Mortgage, pointed out that since the introduction of mortgage optimization measures for the elderly in March this year, the number of applications in a single month has rebounded significantly from a low of 42 in February. Recently, it has been at the level of over 100 for five consecutive months. This is the first time since the Elderly Mortgage Loan was introduced. In addition to increasing the appeal of elderly mortgages based on optimization measures, the reason for the increase in the number of elderly mortgage applications this year is also due to a marked increase in property prices of 11% in the first half of the year. Since the second half of the year, property prices have been generally stable, attracting landlords to take advantage of rising valuations to apply for elderly mortgages to lock in more attractive annuities. The number of mortgage registrations for the elderly recorded a strong 90% increase in October, mainly driven by the number of active applications over the past few months.

In terms of market share for the Elderly Mortgage Loan Program, BOCHK's participation has always been the highest since the launch of the Elderly Mortgage Program. Of the 68 registrations in October 2026, BOCHK was manufactured by BOCHK. According to the records for the first ten months of 2026, Bank of China Hong Kong ranked first, with 359 registrations, with a market share of about 98.6%; the second ranking was Shanghai Commercial Bank, which recorded 5 registrations, with a market share of 1.4%.