![](https://www.gov.mo/en/wp-content/uploads/sites/2/2021/10/f21jlfq2mw.png)
According to statistics released today by the Monetary Authority of Macao, new approvals of residential mortgage loans (RMLs) and commercial real estate loans (CRELs) both decreased in August 2021. With regard to the outstanding balances, both RMLs and CRELs witnessed increases.
New lending approved
In August 2021, new RMLs approved by Macao banks dropped by 15.7% month-to-month to MOP3.47 billion. Of which, new RMLs to residents, representing 99.1% of the total, fell by 15.4% to MOP3.43 billion; the non-resident component also decreased by 37.8% to MOP30.4 million. The monthly average of new RMLs approved between June and August 2021 was MOP3.8 billion, up by 3.9% from the previous period (May to July 2021).
New RMLs collateralised by uncompleted units (i.e. equitable mortgage) fell by 20.3% month-to-month to MOP305.4 million. On an annual basis, new equitable mortgage approved also dropped by 50.8%.
New CRELs decreased by 65.1% month-to-month to MOP3.85 billion. Within this total, new CRELs to residents, which occupied 98.2% of the total, fell by 65.7% to MOP3.78 billion; new CRELs to non-residents rose to MOP69.1 million. The monthly average of new CRELs approved between June and August 2021 was MOP7.6 billion, up by 1.1% as compared with the previous period (May to July 2021).
Outstanding balances
As at end-August 2021, the outstanding value of RMLs was MOP236.6 billion, which increased by 0.2% month-to-month or 1.6% from a year ago. Of which, the resident component made up 94.9% of the loans. When compared with the previous month, outstanding RMLs to residents grew by 0.3% whereas those to non-residents dropped by 0.5%.
The outstanding value of CRELs was MOP163.7 billion, which advanced by 0.3% from the previous month but dropped by 8.0% from a year earlier. Residents accounted for 93.5% of the loans. Compared with a month earlier, outstanding CRELs to residents increased by 0.4% whereas those to non-residents fell by 0.9%.
Delinquency ratios
At the end of August 2021, the delinquency ratio for RMLs stood at 0.26%, which went up by 0.02 percentage points from a month ago but virtually unchanged from a year earlier. The ratio for CRELs was 0.52%, up by 0.12 percentage points from a month ago or 0.07 percentage points from end-August 2020.