Mortgage Statistics – September 2022

MACAU, Nov. 9 – New approvals for residential mortgage loans (RML) increased in September 2022, while new approvals for commercial real estate loans (CREL) declined, according to figures released today by the Macau Monetary Authority. Did. In terms of outstanding balances, RML decreased while CREL remained substantially unchanged.

New loan approval

In September 2022, new RMLs approved by the Bank of Macau increased by 15.4% to reach MOP1.92 billion on a monthly basis. Of which, new RML to residents accounted for 99.4% of the total, increasing by 17.0% to MOP1.91 billion. On the other hand, the non-resident component fell by 64.9% to HE MOP11.6 million. The monthly average of new RMLs approved for July-September 2022 was MOP1.5 billion, an increase of 13.7% from the previous period (June-August 2022).

New RMLs (i.e. equitable mortgages) secured by outstanding units increased by 63.8% month-on-month to MOP62.3 million. On an annual basis, new equitable mortgages approved decreased by 84.0%.

New CREL fell 8.4% month-on-month to MOP1.87 billion. Of this total, new CREL to residents, which accounted for 91.9% of the total, fell by 15.4% to MOP1.72 billion. New CREL to non-residents he increased to MOP152.2 million. The monthly average of new CRELs approved from July to September 2022 was MOP1.8 billion, down 67.5% from the previous period (June to August 2022).

outstanding balance

As of the end of September 2022, outstanding RML decreased by 0.2% month-on-month and 1.2% year-on-year to MOP234.8 billion. This is due to high loan repayments. Of which, the resident component accounted for 94.8% of loans. Compared to the previous month, outstanding RML for residents decreased by 0.3%, while RML for non-residents increased by 0.8%.

CREL balances were MOP159.3 billion, broadly flat from the previous month but up 0.8% year-on-year. Of which, the resident component accounted for his 93.2% of the loan. Compared to one month ago, outstanding CREL for residents decreased by 0.2%, while outstanding CREL for non-residents increased by 2.2%.

delinquency rate

The RML delinquency rate at the end of September 2022 was 0.48%, up 0.01 percentage points from the previous month and 0.23 percentage points from a year ago. The CREL ratio was 0.80%, up 0.04 points from a month ago and up 0.16 points from the end of September 2021.

A mortgage is a line of credit provided by a bank to an individual or company against a residential real estate property in Macau. This includes loans to finance the purchase of residential real estate and other purposes such as loan refinancing, working capital and trade finance. Commercial real estate loans refer to lines of credit provided by banks to individuals and businesses secured by commercial real estate in Macau. This includes loans to construction companies and loans to finance real estate development and investments.

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