Macau (MNA) – New commercial real estate loans approved by Macau SAR banks reached MOP13 billion in January 2018, an increase of 389 per cent year-on-year, according to data released by the Monetary Authority of Macao (AMCM) on Tuesday.
Of the total, MOP8.14 billion constituted loans granted to Macau SAR residents, while MOP4.86 billion were granted to non-residents.
New residential mortgage loans also increased, up 4 per cent year-on-year in the first month of 2018 to MOP3.63 billion.
Of this, MOP3.5 billion was allocated to Macau SAR residents, representing an increase of 4.5 per cent. Mortgage loans to non-residents declined 21.3 per cent to MOP89.86 million.