Local lenders’ new approvals of residential mortgage loans (RMLs) and commercial real estate loans (CRELs) both increased in June, the Macau Monetary Authority said in a statement yesterday.
According to Macau’s quasi-central bank, new RMLs approved by local banks increased 51.2 percent month on month to 7.4 billion patacas.
Among the new RMLs, those issued to residents accounted for 63.5 percent of the total, while the non-resident segment increased to 36.5 percent due to approval of large-sized enterprise loans.
