Macao Monetary Authority: Residential mortgages approved by Macao banks in July decreased by 0.3% month-on-month to 1.05 billion Macao Patacas.

On September 15th, statistics released by the Monetary Authority of Macao showed that in July 2025, newly approved residential mortgage loans and commercial property loans both decreased monthly. In terms of the total outstanding loan amount, residential mortgage loans decreased monthly, while commercial property loans remained stable. The residential mortgage loans newly approved by Macao banks in July 2025 decreased by 0.3% to 1.05 billion Macao patacas (MOP). Among them, the portion held by residents, accounting for 98.6% of new residential mortgage loans, increased by 1.6% to 1.04 billion MOP, while the portion held by non-residents decreased by 55.4% to 15 million MOP. The average monthly amount of new residential mortgage loans approved from May to July 2025 was 1.02 billion MOP, an increase of 5.9% from the previous period (April to June 2025). Newly approved commercial property loans decreased by 84.9% from the previous month to 280 million MOP. Among them, the portion held by residents, accounting for 96.4% of new commercial property loans, decreased by 85.2% to 270 million MOP, while the portion held by non-residents decreased by 67.9% to 10 million MOP. The average monthly amount of new commercial property loans approved from May to July 2025 was 910 million MOP, a decrease of 31.0% from the previous period (April to June 2025). Outstanding loan amount As of the end of July 2025, the total outstanding amount of residential mortgage loans decreased by 0.6% monthly to 211.21 billion MOP, a decrease of 5.5% annually; with residents accounting for 96.7%. The outstanding amounts of residential mortgage loans held by residents and non-residents decreased by 0.6% and 1.2% monthly respectively. The total outstanding amount of commercial property loans was 145.48 billion MOP, roughly stable monthly, and a decrease of 5.3% annually; with residents accounting for 91.3%. The outstanding amount of residential commercial property loans held by residents decreased by 0.5% monthly, while the portion held by non-residents increased by 5.7%. Loan default rate The default rate of residential mortgage loans at the end of July 2025 increased by 0.1 percentage point to 3.7% monthly, but decreased by 0.5 percentage points annually. The default rate for commercial property loans was 5.4%, relatively stable monthly, but increased by 1.5 percentage points annually.