Mortgage loans rise in September

The Monetary Authority of Macao has reported that new approvals for residential mortgage loans (RMLs) and commercial real estate loans (CRELs) both rose in September. New RMLs surged 142.1% month-on-month to MOP3.05 billion, primarily driven by a significant increase in loans to residents. In contrast, the outstanding balance of RMLs fell 1.3%, while CRELs saw a slight increase of 0.1%.