Residential loans were down by 36.1 percent, month-on-month. Commercial loans, meanwhile, dropped by a hefty 52.8 percent.
residential mortgage loans
Both commercial and residential sales rise as banks hand out loans and government backs first-time buyers.
New approvals of residential mortgage loans (RMLs) and commercial real estate loans (CRELs) declined in May 2015, according to statistics released by the Monetary Authority of Macau on Monday. In May 2015, new RMLs approved by Macau banks decreased 14.5% month-to-month to MOP 3.7 billion; of which, 96.3% was extended to residents. In terms of […]
