April 2024 Mortgage Loan Statistics on Macao SAR Government Portal

Mortgage Loans Statistics – April 2024

The Monetary Authority of Macao has released new statistics on mortgage loans for the month of April 2024, showing an increase in new approvals for both residential mortgage loans (RMLs) and commercial real estate loans (CRELs).

According to the report, new RMLs approved by Macao banks rose by 53.7% month-on-month to MOP1.39 billion in April 2024. Similarly, new CRELs increased by 73.5% to MOP1.24 billion during the same period. The outstanding balances for both RMLs and CRELs saw declines on a monthly basis.

The outstanding value of RMLs as of end-April 2024 was 226.46 billion, a decrease of 0.4% from the previous month. On the other hand, the outstanding value of CRELs fell by 1.0% to MOP156.17 billion during the same period.

Delinquency ratios for both RMLs and CRELs remained stable from the previous month, but showed an increase compared to the same period last year. The delinquency ratio for RMLs stood at 3.6%, while the ratio for CRELs was 3.5% at the end of April 2024.

Overall, the statistics indicate a positive trend in new approvals for mortgage loans in Macao, with a slight decrease in outstanding balances and stable delinquency ratios. Residents and non-residents alike continue to benefit from the availability of mortgage loans for residential and commercial real estate purposes in the region.

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