Mortgage loans up in January

2013-3-25

From：Macau Business

In January, new residential mortgage loans approved by Macau banks rose 13.7 percent month-to-month to MOP3 billion (US$375million), of which, 96.8 percent was extended to residents.

In terms of value, new residential mortgage loans to residents increased 21.3 percent, whereas the amount to non-residents dropped 60.9 compared with a month earlier.

As at end-January 2013, the outstanding value of residential mortgage loans reached MOP98.1 billion, an increase of 1.5 percent from one month earlier.

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