Reported 12 months ago
FTNN News Network - July 3, 2024, 9:00 PM: The increase in applications for loans under the New Housing Policy has led to issues like fake residents and rampant subletting. Taipei Mayor Ko Wen-je believes that the policy falls short of achieving housing justice and inadvertently contributes to property speculation. He suggests that one way to achieve housing justice is by vigorously constructing public housing units under the 'Rent-Only, Not for Sale' model, which could help control housing prices. Ko emphasizes the need to tackle Taiwan's high homeownership rates and curb rising property prices through initiatives like building more social housing, increasing taxes on multiple property owners, implementing vacancy taxes, and providing rent subsidies to address the black market for rentals.
Source: YAHOO