Approved commercial real estate loans fall by 75.7 pct y-on-y in May

The amount in approved commercial real estate loans dropped by 75.7 per cent year-on-year to MOP1.8 billion in May (US$228 million), data provided by the Macau Monetary Authority (AMCM) today (Friday) revealed.

By the end of May, there were a total of MOP180.1 billion in outstanding commercial real estate loans, less 4 per cent than the same period last year, of which MOP168,5 billion were held by residents and MOP11.6 billion by non-residents.

Meanwhile, the amount in new approvals of residential mortgage loans has dropped by 31 per cent year-on-year in May to some MOP2.7 billion, with the total outstanding amount in mortgage loans reaching MOP231.9 billion by the end of the month.

As of May some MOP217.9 billion in outstanding residential mortgage loans were held by residents, with MOP14 billion held by non-residents.

The delinquency ratio for residential mortgage goals stood at 0.27 per cent, up by 0.02 percentage points over a year earlier, with the delinquency ratio for commercial real estate loans remaining at 0.46 per cent, having increased by 0.19 percentage points