MACAO, Jan. 11 (Xinhua) -- The new approvals of residential mortgage loans rose while those of commercial real estate loans decreased in China's Macao Special Administrative Region (SAR) in November last year, the Monetary Authority of Macao said on Friday.
In November, new residential mortgage loans approved by the banks increased by 6.6 percent month-to-month to 3.6 billion patacas (445.4 million U.S. dollars). New approvals of commercial real estate loans dropped by 11.6 percent month-to-month to 2.8 billion patacas.
As of the end of November, the outstanding value of new approvals of residential mortgage loans was 212.3 billion patacas, up by 0.2 percent from a month earlier, or 12.3 percent higher from a year ago. The outstanding value of new approvals of commercial real estate loans was 192.4 billion patacas, up by 1.6 percent month-to-month, or 7.7 percent higher from a year earlier.
At the end of November, the delinquency ratio for new approvals of residential mortgage loans was 0.15 percent, down by 0.01 percentage point from the preceding month, or 0.04 percentage points over a year earlier.
The ratio for new approvals of commercial real estate loans was 0.15 percent, unchanged from a month ago, but up by 0.01 percentage point from end-November 2017. (1 U.S. dollar = 8.05 patacas)
