According to statistics released today (15 April) by the Monetary Authority of Macao, new approvals of residential mortgage loans (RMLs) and commercial real estate loans (CRELs) both decreased month-on-month in February 2026. With regard to the outstanding balances, both RMLs and CRELs witnessed declines on a monthly basis.
New lending approved
In February 2026, new RMLs approved by Macao banks dropped by 58.3% month-on-month to MOP661.18 million. Among them, new RMLs to residents, representing 99.8% of the total, fell by 57.9% to MOP660.15 million; the non-resident component decreased to MOP1.03 million. The monthly average of new RMLs approved between December 2025 and February 2026 was MOP1.05 billion, down 15.8% from the previous period (November 2025 to January 2026).
New CRELs decreased by 12.7% to MOP489.53 million from the preceding month, all of which were resident loans. The monthly average of new CRELs approved between December 2025 and February 2026 was MOP512.50 million, up 5.7% from the previous period (November 2025 to January 2026).
Outstanding balances
As at end-February 2026, the outstanding value of RMLs fell by 0.6% month-on-month or 5.6% year-on-year to MOP204.82 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 0.6% and 0.5% respectively.
The outstanding value of CRELs was MOP136.18 billion, which fell by 1.0% from the preceding month or 9.1% from a year ago. Among them, the resident component made up 91.4% of the total. When compared with the previous month, outstanding CRELs to residents and non-residents dropped by 1.0% and 0.4% respectively.
Delinquency ratios
At end-February 2026, the delinquency ratio for RMLs was 3.6%, which kept stable from a month ago and a year earlier. The ratio for CRELs was 5.5%, up 0.1 percentage point from a month ago or 0.2 percentage points from end-February 2025.
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