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Macao’s new approvals of residential mortgages, commercial real estate loans decrease

Wed, 12th Sep 2018

Both of the new approvals of residential mortgage loans and commercial real estate loans in Macao reported a month-on-month decrease in July this year, according to statistics released by the Monetary Authority of Macao,  Tuesday.

In July 2018, new approvals of residential mortgages by local banks decreased by 29.3 percent month-to-month to 5.2 billion patacas. Of which, new approvals of residential mortgages to residents increased by 9.5 percent to 5.1 billion patacas.

New approvals of commercial real estate loans dropped by 36.4 percent month-to-month to 4.1 billion patacas. Within this total, new approvals of commercial real estate loans to residents decreased by 35.8 percent to 4.1 billion patacas.

At the end of July 2018, the outstanding value of new approvals of residential mortgage loans was 199.6 billion patacas, up by 1.1 percent from a month earlier, or 6.2 percent from a year ago.

The outstanding value of new approvals of commercial real estate loans was 197.5 billion patacas, up by 1.3 percent month-to-month, or 14.7 percent year-on-year.

(Macau News)