Reported 11 months ago
On June 13, 2024, the Central Bank announced plans to potentially expand oversight of second home loans to the entire country as a measure to address the escalating housing market, possibly lowering the assessment to 60% in the six major cities and Hsinchu, and extending to 70% for second homes outside these areas. Additionally, actions will be taken to prevent irregularities arising from phenomena like fake home buyers and rental pooling. The market is witnessing a surge in viewers and activity due to the Green New Deal, prompting concerns about rising prices. Central Bank Governor Yang Jinlong expressed concerns over the persistently high prices and hinted at a sixth wave of housing policies. The cap on second home loans in the six major cities and Hsinchu is expected to be reduced from 70% to 60%, increasing the down payment amount and burden on buyers.
Source: YAHOO