






{"id":19575,"date":"2021-05-26T11:51:54","date_gmt":"2021-05-26T04:51:54","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=12472"},"modified":"2021-06-04T16:13:09","modified_gmt":"2021-06-04T09:13:09","slug":"bank-loans-and-government-support-increase-macao-property-sales","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/bank-loans-and-government-support-increase-macao-property-sales\/","title":{"rendered":"Bank loans and government support increase Macau property sales"},"content":{"rendered":"<p><span data-contrast=\"auto\">First-time buyers of properties valued at less than MOP3 million (USD374,000) can enjoy a 90 percent loan from\u00a0banks\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<figure id=\"attachment_12473\" aria-describedby=\"caption-attachment-12473\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-12473 size-full\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/05\/processed-8-1.jpeg\" alt=\"\" width=\"1000\" height=\"667\" \/><figcaption id=\"caption-attachment-12473\" class=\"wp-caption-text\">First-time buyers purchasing a property valued between MOP3 million and MOP6\u00a0million\u00a0can enjoy an 80 percent loan with government support.\u00a0\u00a0Source: POMPOM\/Shutterstock<\/figcaption><\/figure>\n<p><span data-contrast=\"auto\">According to <a href=\"https:\/\/macaonews.org\/business\/chinas-gwm-to-build-electric-cars-in-brazil\/\" target=\"_blank\" rel=\"noopener\">The Macao News<\/a>, generous support from the banks and government have sent Macau into a property buying frenzy.\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">As stated by the Monetary Authority of Macao (AMCM), new approvals of residential mortgage loans (RMLs) and commercial real estate loans (CRELs) both spiked in March. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">New RMLs\u00a0authorised\u00a0by local banks increased\u00a0by\u00a038.9 percent to MOP2.96 billion (USD370 million), month-on-month. Those approved for residents\u00a0accounted for 99.7 percent of the total.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">From January to March, the monthly average of new RMLs approved sat at MOP2.6 billion, 6.1 percent down from\u00a0the same period\u00a0last year.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Meanwhile, new CRELs jumped 17.2 percent to MOP1.92 billion in March, while loans for residents rose 24.8 percent to MOP1.91 billion.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/sales-of-second-hand-tokyo-apartments-increased-110-4-in-april\/\" target=\"_blank\" rel=\"noopener\"><strong>More: Sales of second-hand Tokyo apartments increased 110.4% in April<\/strong><\/a><\/p>\n<p><span data-contrast=\"auto\">Moreover, the Macau Daily Times reported that the monthly average of new CRELs was MOP2.4 billion\u00a0in\u00a0the first quarter, a 0.5 percent reduction.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Current regulations indicate that recurrent property buys induce a special stamp duty. However, first-time buyers of properties that cost less than MOP3 million can receive a 90 percent loan from banks, with a guarantee from the government.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">First-time buyers purchasing a property valued between MOP3 million and MOP6\u00a0million\u00a0can enjoy an 80 percent loan with government support.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>First-time buyers of properties valued at less than MOP3 million (USD374,000) can enjoy a 90 percent loan from\u00a0banks\u00a0\u00a0<\/p>\n","protected":false},"author":2,"featured_media":19545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[1646,172,551,757],"class_list":["post-19575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-commercial-properties","tag-macau","tag-mortgage","tag-residential-properties","news_country-macau","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bank loans and government support increase Macau property sales | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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