New home mortgages shrink to MOP4.4 bln in April

2015/6/15

From:Macau Business

Macau banks approved MOP4.4 billion (about US$550 million) worth of new mortgage lending for housing in April, 11.7 per cent less than the month before, the Monetary Authority of Macau says.

The authority’s data indicate that 94.6 per cent of the money was for Macau residents to buy homes.

The amount of new mortgage lending to Macau residents decreased by 10.7 per cent and the amount of new mortgage lending to outsiders decreased by 25.1 per cent.

Copyright@Macau Business