According to statistics released today (15 December) by the Monetary Authority of Macao, new approvals of residential mortgage loans (RMLs) and commercial real estate loans (CRELs) increased month-on-month in October 2025. With regard to the outstanding balances, both RMLs and CRELs witnessed declines on a monthly basis.
New lending approved
In October 2025, new RMLs approved by Macao banks rose by 4.0% month-on-month to MOP1.18 billion. Among them, new RMLs to residents, representing 97.4% of the total, grew by 6.2% to MOP1.15 billion; the non-resident component decreased by 41.7% to MOP30.51 million. The monthly average of new RMLs approved between August and October 2025 was MOP1.04 billion, up 4.1% from the previous period (July to September 2025).
New CRELs increased by 310.1% to MOP845.71 million from a relatively low base in the previous month. Among them, new CRELs to residents, which occupied 98.8% of the total, rose by 305.1% to MOP835.41 million; new CRELs to non-residents amounted to MOP10.30 million. The monthly average of new CRELs approved between August and October 2025 was MOP731.37 million, up 34.4% from the previous period (July to September 2025).
Outstanding balances
As at end-October 2025, the outstanding value of RMLs fell by 0.3% month-on-month or 5.2% year-on-year to MOP208.13 billion. Among them, the resident component made up 96.7% of the total. When compared with the previous month, outstanding RMLs to residents and non-residents dropped by 0.2% and 0.5% respectively.
The outstanding value of CRELs was MOP141.01 billion, which fell by 0.5% from the preceding month or 7.3% from a year ago. Among them, the resident component made up 91.5% of the total. When compared with the previous month, outstanding CRELs to residents and non-residents dropped by 0.5% and 0.4% respectively.
Delinquency ratios
At end-October 2025, the delinquency ratio for RMLs was 3.8%, which kept stable from a month ago but up 0.4 percentage points over a year earlier. The ratio for CRELs was 5.6%, which remained unchanged from the previous month but up 0.5 percentage points from end-October 2024.
Residential mortgage loans refer to credit facilities provided by banks to individuals and enterprises that are collateralised by residential real estate in Macao Special Administrative Region (Macao SAR). They include loans to finance purchase of residential properties and other purposes (such as refinancing loans, working capital and trade financing). Commercial real estate loans refer to credit facilities provided by banks to individuals and enterprises that are collateralised by commercial real estate in Macao SAR. They include loans to construction companies and loans to finance property development and investment.
Detailed figures are available on:
https://www.amcm.gov.mo/en/research-statistics/statistics-page/official-statistics-summary-page
