New mortgage loans in Macau fell sharply in February, dropping 58.3% compared to the previous month, according to data released by the Monetary Authority of Macau (AMCM).
The total value of new residential mortgage loans approved by banks stood at 661.18 million patacas (€69.4 million).
Almost all of these loans were granted to local residents, totaling around 660 million patacas (€69.3 million), representing a 58% decline from January.
Loans granted to non-residents dropped to just 1.03 million patacas (€108,000).
Read more: Macau: IMF raises growth forecast to 3% for 2026
Non-performing loans remained stable at 3.6% for residential mortgages.
In a March report, real estate consultancy JLL said residential property prices in Macau, which fell sharply in 2025, are expected to stabilize in 2026 following government measures to ease mortgage burdens, including stamp duty exemptions and relaxed loan-to-value ratios.
Meanwhile, Macau’s banks recorded profits of 2.71 billion patacas (€292.2 million) in the first two months of the year, up 14.3% year-on-year.
The increase was mainly driven by a 24.4% rise in net interest income, reaching 3.09 billion patacas (€332.1 million), while loans—the main revenue source for banks globally—grew by just 0.3% compared to February 2025, totaling 1.05 trillion patacas (€112.7 billion).
