New lending for housing falls 40 pct in July

2014/9/17

From：Macau Business

Macau banks approved new mortgages for housing amounting to MOP5.5 billion (US$688.9 million) in July, 40 percent less than the month before, official data show.

The Monetary Authority of Macau says the banks approved lending of MOP5.4 billion to Macau people and lending of MOP1.2 million to outsiders.

MOP1.1 billion was for the purchase of unfinished homes, 60.6 percent less than in June.

The banks approved new mortgages for commercial property amounting to MOP17.5 billion in July, 60.5 percent more than the month before.

Copyright@Macau Business