The value of new commercial real estate loans granted in May decreased by a steep 62.1 percent month-on-month, to total 573.59 million patacas (US$70.8 million), according to the latest figures from the Monetary Authority of Macao. All of the new loans went to residents.
The previous month-on-month drop was 22.1 percent, indicating an accelerating decline.
The monthly average of new commercial real estate loans approved between March and May was 1.34 billion patacas (US$165.6 million), down 19.1 percent from the previous rolling period (February to April 2025).
[See more: Rental prices stayed flat in the first quarter]
New residential mortgage loans, meanwhile, rose by 7.2 percent month-on-month to 946.52 million patacas (US$117 million) in May. Loans granted to residents made up 97.8 percent of the total. The monthly average of new residential mortgages approved between March and May 2025 was 868.75 million patacas (US$107.4 million), up 9.3 percent from the previous period.
The outstanding value of residential mortgages totalled 213.58 billion patacas (US$26.3 billion), down by 0.4 percent month-on-month and 5.4 percent from a year ago. Outstanding commercial loans fell by 1 percent month on month or 5.9 percent year-on-year, to 146.64 billion patacas (US$18.1 billion).
At the end of May, the delinquency ratio for residential loans stood at 3.6 percent, the same as it was in April but up 0.1 percentage points on a year earlier. The ratio for commercial loans was 5.4 percent, up 0.1 percentage point from a month ago or 2.1 percentage points from May 2024.
