Reported 7 months ago
On June 13, 2024, the Central Bank of Taiwan announced several measures to cool down the overheated housing market, including raising the reserve requirement by 0.25%, effective July 1, and reducing the loan-to-value ratio for second homes in six municipalities plus Hsinchu County and City to 60%, effective June 14. Industry experts expressed concerns about the immediate impact on homebuyers and developers, with tightened lending likely leading to decreased purchasing power and profits. The Central Bank's actions are expected to prompt potential homebuyers to prepare more self-financing, and the overall market is anticipated to undergo a period of uncertainty as a result of these measures.
Source: YAHOO