Residential mortgage loans up by 38 pct in Sept

2013-11-20

From：Macau Daily Times

According to statistics released yesterday by the Monetary Authority of Macau, new approvals of residential mortgage loans (RMLs) grew by 38 percent month-to-month to total MOP4.6 billion in September, whereas those of commercial real estate loans (CRELs) dropped 17.8 percent to MOP3.4 billion on a monthly basis. Regarding outstanding balance, RMLs and CRELs both witnessed increases. In terms of value, new RMLs to residents and non-residents expanded by 29.6 percent and, significantly, 1010.1 percent respectively. When compared to the same period last year, new approvals of RMLs witnessed a decrease of 1.5 percent.

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