The number of newly approved residential mortgage loans (RMLs) dropped 2.9 per cent month-to-month in November of last year to about MOP3.4 billion (US$424.9 million), data released by the Monetary Authority of Macau (AMCM) today indicated.
Meanwhile, the number of newly approved commercial real estate loans (CRELs) has fallen 63.4 per cent month-to-month to MOP2.36 billion in the same month of 2019.
At the end of November 2019, the outstanding value of RMLs was up 8 per cent to MOP230.7 billion, while the outstanding value of CRELs decreased by 6.2 per cent from a year earlier to MOP181.6 billion, attributable to the repayment of loans with large denomination
the delinquency ratio for RMLs stood at 0.23 per cent up by 0.07 percentage points over a year earlier, while the ratio for CRELs at 0.38 per cent up by 0.23 percentage points from November 2018.
