Mortgage Loans Statistics, July 2013

According to statistics released today by the Monetary Authority of Macao, new approvals of residential mortgage loans (RMLs) grew in July 2013 whereas those of commercial real estate loans (CRELs) dropped. With regard to outstanding balance, RMLs increased whereas those of CRELs witnessed decline. New Lending Approved In July 2013, new RMLs approved by Macao banks rose 49.1% month-to-month to MOP4.5 billion; of which, 98.3% was extended to residents. In terms of value, new RMLs to residents expanded 51.9% whereas the amount to non-residents decreased 27.3%. When compared with the same period of 2012, new approvals of RMLs witnessed increase of 17.7%. New RMLs collateralised by uncompleted units (i.e. equitable mortgage) rose significantly by 258.2% month-to-month to MOP33.5 million. The equitable mortgage extended to residents, which accounted for 93.8% of the total, surged 236.2%. When compared with the same period of 2012, this type of bank mortgage contracted by 79.7% New CRELs dropped 33.7% month-to-month to MOP2.6 billion; of which, 95.5% was granted to residents. In terms of value, new CRELs to residents decreased 34.0% while the amount to non-residents dropped by 24.7%. On an annual basis, new approvals of CRELs declined 47.7%. Outstanding Balances As at end-July 2013, the outstanding value of RMLs reached MOP108.4 billion, an increase of 1.9% from one month earlier or 25.9% from a year ago. The resident component made up 94.2% of the total. Compared to end-June 2013, outstanding RMLs to residents grew 2.2% whereas the amount to non-residents dropped 2.3%. Concurrently, the outstanding value of CRELs went down by 1.2% from end-June 2013 but up 18.6% from end-July 2012 to MOP77.4 billion. Residents accounted for 92.0% of the loans. Compared with one month earlier, outstanding CRELs to residents and non-residents slid 1.3% and 0.5% respectively. Delinquency Ratios At the end of July 2013, the delinquency ratio for RMLs stood at 0.05%, which decreased slightly from one month earlier and a year ago. The ratio for CRELs also stayed flat from end-June 2013 and end-July 2012 at 0.08%. Annex For enquiry, please contact:
Research and Statistics Department Monetary Authority of Macao
(Tel：83952532; Fax：28353042)
19 September 2013 Detailed figures on Mortgage Loans Statistics are available on: http://www.amcm.gov.mo/economic_statistics/economic.htm.