Reported 7 months ago
The Central Bank introduced its sixth wave of measures to curb property speculation, unexpectedly raising the reserve requirement ratio. Experts believe that while the impact on the real estate market will gradually cool down, a significant correction in housing prices may not be easy. The new regulations may cause disputes for clients who have already signed contracts and put pressure on those looking to swap homes. The tightening of the home loan ratio and the reserve requirement ratio will tighten credit and slow down property speculation, affecting home swappers and buyers. The market may experience a gradual cooling effect and potential difficulties for those transitioning properties.
Source: YAHOO