Macao Monetary Authority: The new home mortgage loans approved in Macao in November 2025 increased by 6.3% compared to the previous month.

The statistics released by the Monetary Authority of Macao on January 15th showed that in November 2025, the newly approved residential mortgage loans increased by 6.3% month-on-month to MOP 1.25 billion, while the newly approved commercial property loans recorded a decrease, dropping by 52.0% to MOP 410 million. In terms of the total outstanding loan amount, both residential mortgage loans and commercial property loans saw a month-on-month decline. Newly approved loans The residential mortgage loans newly approved by Macao banks in November 2025 increased by 6.3% month-on-month to MOP 1.25 billion. Among them, the portion held by residents, accounting for 98.7% of the newly approved residential mortgage loans, increased by 7.7% to MOP 1.24 billion, while the non-resident portion decreased by 48.2% to MOP 16 million. The average monthly newly approved residential mortgage loans from September to November 2025 was MOP 1.19 billion, a 13.7% increase from the previous period (August to October 2025). The newly approved commercial property loans decreased by 52.0% month-on-month to MOP 410 million. Among them, the portion held by residents, accounting for 97.5% of the newly approved commercial property loans, decreased by 52.6% to MOP 400 million, while the non-resident portion remained steady at MOP 10 million. The average monthly newly approved commercial property loans from September to November 2025 was MOP 490 million, a 33.5% decrease from the previous period. Outstanding mortgage loan amount As of the end of November 2025, the total outstanding residential mortgage loan amount decreased by 0.2% to MOP 207.77 billion month-on-month, a 5.2% decrease year-on-year; with residents accounting for 96.7% of the total. The outstanding residential mortgage loans held by residents and non-residents decreased by 0.2% and 0.5% respectively month-on-month. The total outstanding commercial property loan amount was MOP 140.45 billion, a 0.4% decrease month-on-month, and a 6.9% decrease year-on-year; with residents accounting for 91.5% of the total. The outstanding commercial property loans held by residents and non-residents decreased by 0.3% and 1.2% respectively month-on-month. Loan delinquency ratio The delinquency ratio of residential mortgage loans as of the end of November 2025 slightly increased to 3.9% month-on-month, a 0.4 percentage point increase year-on-year. The delinquency ratio of commercial property loans was 5.6%, remaining relatively stable month-on-month, and increasing by 0.8 percentage points year-on-year.