Reported 7 months ago
The Central Bank of Taiwan implemented the 6th round of selective credit controls on June 13, reducing the maximum loan-to-value ratio for the second house purchases in specific regions for natural persons in six major cities and Hsinchu County and City from 70% to 60%. The measure took effect immediately with no grace period and was accompanied by an increase in the reserve requirement ratio by 0.25%. This move was part of efforts to curb speculation in the housing market. In other news, President Lai Ching-te clarified his inauguration speech that Taiwan is not subordinate to China, emphasizing it was not intended as a provocation.
Source: YAHOO