New home mortgages jump to MOP5.3 bln in February

2015/4/15

From:Macau Business

Banks approved new mortgage lending for housing in Macau worth MOP5.3 billion (about US$662 million) in February, 37.8 per cent more than in January, official data indicate.

The Monetary Authority of Macau says 97.9 per cent of the new lending was for permanent residents of the city.

Banks approved new mortgage lending for commercial property worth MOP4.7 billion in February, 1.8 per cent less than in January, of which 72.1 per cent was for Macau permanent residents.

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