Reported 7 months ago
The lack of comprehensive measures in the New Youth Housing Policy has been identified as a major contributor to speculative housing activities. The recent surprise actions by the Central Bank, including increased reserve requirements and selective credit controls, have aimed to curb the overheated housing market fueled by the New Youth Housing Loan program. While these measures may have some impact, the government's conflicting policies and the potential risks of a housing bubble and financial crisis remain concerns.
Source: YAHOO