Residential mortgage loan (RML) approvals rose 13.8% in April 2025, reaching MOP883.28 million, according to data released on June 16 by the Monetary Authority (AMCM).
The increase was driven primarily by loans to residents, which accounted for 92.7% of new RMLs and grew 6.8% to MOP818.38 million.
The non-resident segment also increased, reaching MOP64.89 million. Meanwhile, the monthly average of new residential mortgage loans approved from February to April 2025 was MOP794.61 million.
Meanwhile, new commercial real estate loans (CRELs) fell by 22.1% month over month to MOP1.52 billion, with loans to residents dropping 45.6% to MOP1.01 billion, although non-resident CRELs rose.
Despite the rise in new residential loans, the outstanding balances for both RMLs and CRELs declined in April.
The total outstanding RML balance fell 0.6% month over month to MOP214.39 billion, a 5.3% drop compared to the previous year, largely due to repayments of large loans.
Outstanding CRELs also fell by 0.3% to MOP148.08 billion, down 5.2% year over year. NS
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