Reported 8 months ago
On June 17, 2024, Central Bank Governor Yang Jinlong implemented the sixth round of housing market control measures, which were criticized for being weak and having many loopholes. Despite the current policy's minimal impact on the hot housing market, experts warn of a possible rapid reversal if the bubble bursts. Three major loopholes in the Central Bank's sixth round of control were identified: lack of impact on pre-sale properties, focus only on specific areas leading funds to non-controlled areas, and failure to tighten restrictions on luxury home loans. Experts caution the public to evaluate their financial capabilities carefully before making property purchases to avoid potential risks.
Source: YAHOO