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Macao's residential mortgage loans surge 115.2% in Q2
Source :China Knowledge update : 2010-09-03
Macao saw its new residential mortgage loans or RMLs reach 8.5 billion patacas or US$1.06 billion in the second quarter of this year, representing a year-on-year jump of 115.2% or a quarter-on-quarter increase of 21.7%, according to the Monetary Authority of Macau.
In the reporting period, the city's new commercial real estate loans or CRELs soared 55.3% quarter-on-quarter to 8.3 billion patacas, 85.9% of which has been allocated to residents.
As of Jun. 30, Macao's outstanding value of RMLs reached hit 54.2 billion patacas, and its delinquency ratio for RMLs was 0.13%, an amount 0.02 percentage points lower than it had three months earlier.
The delinquency ratio for CRELs reached 0.39% at the end of Jun.
In the reporting period, the city's new commercial real estate loans or CRELs soared 55.3% quarter-on-quarter to 8.3 billion patacas, 85.9% of which has been allocated to residents.
As of Jun. 30, Macao's outstanding value of RMLs reached hit 54.2 billion patacas, and its delinquency ratio for RMLs was 0.13%, an amount 0.02 percentage points lower than it had three months earlier.
The delinquency ratio for CRELs reached 0.39% at the end of Jun.