Macao Monetary Authority: The newly approved residential mortgage loans in March increased by 7.2% month-on-month to 780 million Macao patacas.

On May 16th, the statistics released by the Monetary Authority of Macau showed that the newly approved residential mortgage loans and commercial property loans in March 2025 increased monthly. In terms of outstanding loan balances, both residential mortgage loans and commercial property loans decreased monthly. Macau banks approved a residential mortgage loan of 780 million patacas (MOP) in March 2025, up 7.2% monthly. Among them, the residential portion, which accounted for 98.7% of the new residential mortgage loans, increased by 7.7% to 770 million patacas, while the non-residential portion decreased by 19.5% to 10 million patacas. The average monthly newly approved residential mortgage loans from January to March 2025 were 940 million patacas, down 7.6% from the previous period (December 2024 to February 2025). The newly approved commercial property loans increased by 27.4% monthly to 1.94 billion patacas. Among them, the residential portion, which accounted for 95.9% of the new commercial property loans, increased by 48.1% to 1.86 billion patacas, while the non-residential portion decreased by 69.9% to 80 million patacas. The average monthly newly approved commercial property loans from January to March 2025 were 1.64 billion patacas, up 34.3% from the previous period (December 2024 to February 2025). Outstanding Mortgage Loans As of the end of March 2025, the outstanding balance of residential mortgage loans was 21.571 billion patacas, down 0.5% monthly and 5.1% from a year ago; of which, the residential portion accounted for 96.6%. The outstanding balances of residential and non-residential portions of the residential mortgage loans decreased by 0.5% and 0.9% monthly, respectively. Due to the repayment of several large loans during the period, the outstanding balance of commercial property loans decreased by 1.0% monthly to 14.845 billion patacas as of the end of March 2025, down 5.9% from a year ago; of which, the residential portion accounted for 91.9%. The outstanding balances of residential and non-residential portions of commercial property loans decreased by 1.0% and 0.1% monthly, respectively. Loan Delinquency Rate The delinquency rate of residential mortgage loans at the end of March 2025 remained stable at 3.6% monthly, up 0.2 percentage points from a year ago. The delinquency rate of commercial property loans was 5.4%, up 0.1 percentage point monthly and 2.1 percentage points annually. Residential mortgage loans are credit arrangements granted to individuals and companies in Macau Special Administrative Region (SAR), using residential properties within the SAR as collateral, including for the purchase of residential properties and other purposes (such as refinancing, working capital, and trade finance). Commercial property loans are credit arrangements granted to individuals and companies in Macau SAR, using commercial properties within the SAR as collateral, including loans to construction companies and for property development and investment.