Macau Business News. 10 August 2023.
Newly approved residential mortgage loans (RMLs) amounted to MOP 1.68 billion in June, indicating a significant decline of 36.2 pe cent compared to the previous month, the Monetary Authority of Macau (AMCM) indicated.
According to the AMCM, the monthly average of new RMLs approved between April and June 2023 was MOP 1.95 billion, marking a decrease of 3.8 per cent from the previous period (March to May 2023).
In addition, there has been a notable reduction in new commercial real estate loans, which experienced a sharp month-to-month decline of 52.8 per cent down to MOP 1.78 billion.
