August new mortgages for homes grow to MOP5.56 bln

2015/10/13

From：Macau Business

Macau’s banks approved in August MOP5.56 billion (about US$695 million) in new mortgage lending for housing, 10.7 per cent more than a year earlier, official data indicate.

Monetary Authority of Macau figures show MOP3.59 billion was for Macau residents, 23.1 per cent less than a year earlier.

The amount of new mortgage lending for commercial property approved decreased by 11.8 per cent to MOP9.72 billion.

The proportion of bank loans for housing classed as bad debt was slightly higher at the end of August than a year earlier, but the proportion of bank loans for commercial property classed as bad debt was slightly lower.

Copyright@Macau Business