MACAU – Both of the new approvals of residential mortgage loans and commercial real estate loans in Macau reported a month-on-month decrease in July this year, according to statistics released by the Monetary Authority of Macau yesterday.
In July 2018, new approvals of residential mortgages by local banks decreased by 29.3 percent month-to-month to 5.2 billion patacas. Of which, new approvals of residential mortgages to residents increased by 9.5 percent to 5.1 billion patacas.
New approvals of commercial real estate loans dropped by 36.4 percent month-to-month to 4.1 billion patacas. Within this total, new approvals of commercial real estate loans to residents decreased by 35.8 percent to 4.1 billion patacas.
