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| ISSUE 96 - Apr 2012 |
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Home mortgages down
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Posted: 11/23/2011 3:33:14 PM
New approvals of residential mortgage loans dropped in the third quarter of 2011, according to data from the monetary authority.
New residential mortgage loans approved by Macau banks fell 41.3 percent quarter-to-quarter to MOP6.4 billion, of which 96.1 percent was extended to residents.
The drop was widely expected and is related to the measures taken by the government to cool down the real estate market.
After registering an increase in the previous quarter, newly approved commercial real estate loans rose further by 61.6 percent quarter-to-quarter to MOP14.0 billion.
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| Headlines |
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| The company’s president and CEO has had his contract extended until August next year |
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| Gov’t authorisation is “just a formality”, English-language newspaper Business Daily reports |
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| Less informal lending in Wenzhou may lead to VIP slowdown in Macau’s casinos, says Macquarie |
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| The casino mogul dismisses rumours about connections between Tien Chiao and any government officials |
| Other Macau Latest News |
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| MGM is still waiting for Cotai approval, but Grant Bowie reiterates that it will go beyond just gaming |
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| Wynn’s lawyers accuse the Japanese businessman of trying to find improper acts, which they say never happened |
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| The gaming operator is again backing the Macau stage of the FIVB Volleyball World Grand Prix |
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| Property experts say prices in Ilha Verde area could go up 10-fold |
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| US |
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| DJIA |
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| Nasdaq |
2,855.06 |
-18.98 |
| S&P 500 |
1,317.96 |
-6.84 |
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| Europe |
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| DJ Stoxx 50 |
2,152.39 |
-22.95 |
| DAX |
6,338.85 |
-45.41 |
| FTSE 100 |
5,344.76 |
-60.49 |
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| Asia |
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| Nikkei 225 |
8,876.59 |
+75.42 |
| Hang Seng |
19,200.93 |
-58.90 |
| STRAITS TIMES INDEX |
2,822.61 |
-8.54 |
| S&P/ASX 200 |
4,157.40 |
-8.100 |
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| 2012-5-17 |  | | 24°C ~ 30°C |
| | 2012-5-18 | | | 24°C ~ 30°C |
| | 2012-5-19 | | | 24°C ~ 30°C |
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