Macao Monetary Authority: In May, the newly approved residential mortgage loans by Macao banks increased by 7.2% month-on-month to 950 million Macao patacas.

On July 15, the Monetary Authority of Macau released statistics showing that new residential mortgage loans approved in May 2025 increased monthly, while new commercial property loans approved recorded a decrease. In terms of the total outstanding loan amount, both residential mortgage loans and commercial property loans decreased monthly. Residential mortgage loans approved by Macau banks in May 2025 increased by 7.2% to MOP 9.5 billion. Among them, the portion held by residents, accounting for 97.8% of new residential mortgage loans, increased by 13.1% to MOP 9.3 billion, while the non-resident portion decreased to MOP 21 million. The average monthly amount of new residential mortgage loans approved from March to May 2025 was MOP 8.7 billion, an increase of 9.3% compared to the previous period (February to April 2025). New commercial property loans approved decreased by 62.1% to MOP 5.7 billion, all of which were residential loans. The average monthly amount of new commercial property loans approved from March to May 2025 was MOP 13.4 billion, a decrease of 19.1% compared to the previous period (February to April 2025). Outstanding loan amounts As of the end of May 2025, the total outstanding amount of residential mortgage loans was MOP 213.58 billion, a monthly decrease of 0.4% and an annual decrease of 5.4%; of which, the portion held by residents accounted for 96.7%. The outstanding amounts of residential mortgage loans held by residents and non-residents decreased by 0.4% and 1.1% monthly, respectively. The total outstanding amount of commercial property loans decreased by 1.0% to MOP 146.64 billion, with an annual decrease of 5.9%; of which, the portion held by residents accounted for 91.8%. The outstanding amount of residential commercial property loans held by residents decreased by 1.1% monthly, while the non-resident portion remained stable. Loan delinquency rates The delinquency rate of residential mortgage loans as of the end of May 2025 remained at 3.6% monthly, an increase of 0.1 percentage points annually. The delinquency rate for commercial property loans was 5.4%, a monthly decrease of 0.1 percentage points and an annual increase of 0.8 percentage points.