THE M3: MORE MACAU MORTGAGE RESTRICTIONS

 The Macau Metro Monitor, October 6th 2010

MONETARY AUTHORITY OF MACAU ISSUES NEW GUIDELINES ON RESIDENTIAL MORTGAGE LOANS macaubusiness.com

The Monetary Authority of Macau released new guidelines on residential mortgage loans effective 12/1/2010. The guidelines include a maximum 70% LTV ratio, a maximum 50% debt servicing ratio, and mortgage loans which cannot have a maturity longer than the borrower's retirement age.