Macau Monetary Authority: Macau banks approved new residential mortgage loans of MOP 820 million in August, a decrease of 22.2% month-on-month.

On October 15th, the Statistics released by the Monetary Authority of Macao SAR showed that the newly approved residential mortgage loans decreased monthly in August 2025, while new approved commercial property loans recorded an increase. In terms of the total outstanding loan amount, both residential mortgage loans and commercial property loans decreased monthly. The residential mortgage loans newly approved by Macao banks in August 2025 decreased by 22.2% to MOP 8.2 billion. Of which, the portion taken by residents, accounting for 98.2% of new residential mortgage loans approved, decreased by 22.5% to MOP 8.1 billion, while the non-resident portion decreased by 3.1% to MOP 15 million. The average monthly amount of newly approved residential mortgage loans from June to August 2025 was MOP 9.8 billion, a decrease of 4.1% from the previous period (May to July 2025). The newly approved commercial property loans increased by 301.8% to MOP 11.4 billion from the previous month's low base. Of which, the portion taken by residents, accounting for 54.1% of new approved commercial property loans, rose by 125.5% to MOP 6.2 billion, while the non-resident portion increased to MOP 5.2 billion. The average monthly amount of newly approved commercial property loans from June to August 2025 was MOP 11.0 billion, an increase of 20.8% from the previous period (May to July 2025). Outstanding Mortgage Loans As of the end of August 2025, the total outstanding residential mortgage loans decreased by 0.6% to MOP 209.86 billion monthly, down by 5.9% annually; with the residents accounting for 96.7%. The outstanding residential mortgage loans for residents and non-residents decreased by 0.6% and 0.8%, respectively, on a monthly basis. The total outstanding commercial property loans were MOP 143.54 billion, down by 1.3% monthly and 6.2% annually, with residents accounting for 91.4%. The outstanding commercial property loans for residents and non-residents decreased by 1.3% and 2.0% monthly, respectively. Loan Delinquency Rates The delinquency rate of residential mortgage loans at the end of August 2025 rose by 0.1 percentage point to 3.8% monthly but decreased by 0.5 percentage points annually. The delinquency rate for commercial property loans was 5.5%, with a monthly increase of 0.1 percentage points and an annual increase of 1.6 percentage points.