未偿还商用物业贷款总额为1,410.1亿元，环比下跌0.5%，同比减少7.3%；其中，居民部分占91.5%。居 民及非居民部分的未偿还商用物业贷款环比分别下跌0.5%及0.4%。 澳门银行于2025年10月新批核的住宅按揭贷款环比上升4.0%至11.8亿元。其中，占新批核住宅按揭贷款 97.4%的居民部分增加6.2%至11.5亿元，非居民部分则下跌41.7%至3千1百万元。2025年8月至10月的新 批核住宅按揭贷款每月平均数为10.4亿元，较上期(2025年7月至9月)上升4.1%。 新批核的商用物业贷款从上月较低基数增加310.1%至8.5亿元。其中，占新批核商用物业贷款98.8%的居 民部分上升305.1%至8.4亿元，非居民部分为1千万元。2025年8月至10月的新批核商用物业贷款每月平 均数为7.3亿元，较上期(2025年7月至9月)上升34.4%。 智通财经APP获悉，澳门金融管理局今日(12月15日)发布《2025年10月物业按揭贷款统计》。数据显 示，澳门银行于2025年10月新批核的住宅按揭贷款环比上升4%至11.8亿元(澳门元，下同)。新批核的商 用物业贷款从上月较低基数增加310.1%至 ...

Core Insights - The Macau Monetary Authority reported a decline in new residential mortgage loans and an increase in new commercial property loans in August 2025 [1] Group 1: New Mortgage Approvals - New residential mortgage loans decreased by 22.2% month-on-month to MOP 820 million, with the residential portion dropping by 22.5% to MOP 810 million and the non-residential portion down by 3.1% to MOP 15 million [1] - New commercial property loans increased by 301.8% month-on-month to MOP 1.14 billion, with the residential portion rising by 125.5% to MOP 620 million and the non-residential portion increasing to MOP 520 million [1] - The average monthly new residential mortgage loans from June to August 2025 was MOP 980 million, a decrease of 4.1% compared to the previous period [1] Group 2: Outstanding Mortgage Loans - As of the end of August 2025, the total outstanding residential mortgage loans decreased by 0.6% month-on-month to MOP 209.86 billion, with a year-on-year decrease of 5.9% [2] - The outstanding commercial property loans totaled MOP 143.54 billion, down 1.3% month-on-month and 6.2% year-on-year [2] - The residential portion of outstanding residential mortgage loans accounted for 96.7%, while the residential portion of outstanding commercial property loans accounted for 91.4% [2] Group 3: Loan Default Ratios - The residential mortgage loan default ratio increased by 0.1 percentage points month-on-month to 3.8%, but decreased by 0.5 percentage points year-on-year [3] - The commercial property loan default ratio was 5.5%, with a month-on-month increase of 0.1 percentage points and a year-on-year increase of 1.6 percentage points [3]

Core Insights - The new residential mortgage loans and commercial property loans in Macau decreased month-on-month in July 2025, indicating a potential slowdown in the lending market [1] - The total outstanding residential mortgage loans decreased by 0.6% month-on-month and 5.5% year-on-year, while the outstanding commercial property loans remained stable month-on-month but decreased by 5.3% year-on-year [2] - The delinquency rate for residential mortgage loans increased by 0.1 percentage points month-on-month, while the delinquency rate for commercial property loans remained stable month-on-month but increased year-on-year [3] Group 1: New Loans - New residential mortgage loans approved in July 2025 decreased by 0.3% to 1.05 billion MOP, with the residential portion increasing by 1.6% to 1.04 billion MOP and the non-residential portion dropping by 55.4% to 15 million MOP [1] - New commercial property loans decreased significantly by 84.9% to 280 million MOP, with the residential portion declining by 85.2% to 270 million MOP and the non-residential portion decreasing by 67.9% to 10 million MOP [1] Group 2: Outstanding Loans - As of the end of July 2025, the total outstanding residential mortgage loans decreased by 0.6% month-on-month to 211.21 billion MOP, with a year-on-year decrease of 5.5% [2] - The total outstanding commercial property loans were approximately 145.48 billion MOP, remaining stable month-on-month but showing a year-on-year decrease of 5.3% [2] Group 3: Delinquency Rates - The delinquency rate for residential mortgage loans rose to 3.7% at the end of July 2025, an increase of 0.1 percentage points month-on-month, but a decrease of 0.5 percentage points year-on-year [3] - The delinquency rate for commercial property loans was stable at 5.4% month-on-month, with a year-on-year increase of 1.5 percentage points [3]

Core Insights - The new residential mortgage loans approved in Macau increased by 7.2% month-on-month to 950 million MOP in May 2025, while new commercial property loans saw a significant decline of 62.1% to 570 million MOP [1] - The total outstanding residential mortgage loans amounted to 213.58 billion MOP, reflecting a month-on-month decrease of 0.4% and a year-on-year decrease of 5.4% [2] - The delinquency rate for residential mortgage loans remained stable at 3.6% month-on-month, while the delinquency rate for commercial property loans decreased by 0.1 percentage points to 5.4% [3] Group 1: New Loan Approvals - New residential mortgage loans approved in May 2025 increased by 7.2% to 950 million MOP, with the residential portion rising by 13.1% to 930 million MOP, while the non-residential portion fell to 21 million MOP [1] - New commercial property loans approved in May 2025 decreased by 62.1% to 570 million MOP, all of which were residential loans [1] - The average monthly new residential mortgage loans from March to May 2025 was 870 million MOP, up 9.3% from the previous period [1] Group 2: Outstanding Loans - As of the end of May 2025, the total outstanding residential mortgage loans was 213.58 billion MOP, down 0.4% month-on-month and down 5.4% year-on-year, with the residential portion accounting for 96.7% [2] - The total outstanding commercial property loans decreased by 1.0% month-on-month to 146.64 billion MOP, with a year-on-year decrease of 5.9% [2] - The outstanding residential and non-residential portions of residential mortgage loans decreased by 0.4% and 1.1% month-on-month, respectively [2] Group 3: Delinquency Rates - The delinquency rate for residential mortgage loans was stable at 3.6% month-on-month, with a year-on-year increase of 0.1 percentage points [3] - The delinquency rate for commercial property loans decreased by 0.1 percentage points to 5.4% month-on-month, but increased by 0.8 percentage points year-on-year [3]

Group 1 - The total amount of newly approved residential mortgage loans in Macau increased by 13.8% month-on-month to 880 million MOP in April 2025, with the residential portion rising by 6.8% to 820 million MOP [1] - The average monthly amount of newly approved residential mortgage loans from February to April 2025 was 790 million MOP, a decrease of 15.7% compared to the previous period [1] - Newly approved commercial property loans decreased by 22.1% month-on-month to 1.52 billion MOP, with the residential portion dropping by 45.6% to 1.01 billion MOP [1] Group 2 - As of the end of April 2025, the total outstanding residential mortgage loans decreased by 0.6% month-on-month to 214.39 billion MOP, a year-on-year decrease of 5.3% [2] - The outstanding commercial property loans amounted to 148.08 billion MOP, reflecting a month-on-month decrease of 0.3% and a year-on-year decrease of 5.2% [2] - The residential portion of outstanding residential mortgage loans accounted for 96.7% of the total [2] Group 3 - The residential mortgage loan delinquency ratio remained stable at 3.6% as of the end of April 2025, with a year-on-year increase of 0.1 percentage points [3] - The commercial property loan delinquency ratio was 5.5%, showing an increase of 0.1 percentage points month-on-month and 2.1 percentage points year-on-year [3] - Residential mortgage loans are secured by residential properties within the Macau SAR, while commercial property loans are secured by commercial properties within the same region [3]

Core Insights - The new residential mortgage loans and commercial property loans in Macau increased month-on-month in March 2025, while the total outstanding loans decreased [1][2] Group 1: New Loans - New residential mortgage loans approved in March 2025 rose by 7.2% month-on-month to MOP 780 million, with the residential portion increasing by 7.7% to MOP 770 million, while the non-residential portion fell by 19.5% to MOP 10 million [1] - New commercial property loans increased by 27.4% month-on-month to MOP 1.94 billion, with the residential portion rising by 48.1% to MOP 1.86 billion, while the non-residential portion dropped by 69.9% to MOP 80 million [1] Group 2: Outstanding Loans - As of the end of March 2025, the total outstanding residential mortgage loans amounted to MOP 215.71 billion, down 0.5% month-on-month and 5.1% year-on-year, with the residential portion accounting for 96.6% [2] - The total outstanding commercial property loans decreased by 1.0% month-on-month to MOP 148.45 billion, down 5.9% year-on-year, with the residential portion making up 91.9% [2] Group 3: Loan Default Ratios - The residential mortgage loan default ratio remained stable at 3.6% as of the end of March 2025, up 0.2 percentage points year-on-year [3] - The commercial property loan default ratio increased to 5.4%, rising by 0.1 percentage points month-on-month and 2.1 percentage points year-on-year [3]