Reported 7 months ago
On June 14, 2024, the Central Bank implemented the sixth wave of measures to control the housing market, reducing the loan-to-value ratio for the second property in 'specific areas' from 70% to 60% and increasing the reserve requirement ratio by 1 point. Despite this, construction stocks surged by nearly 3%, with companies like Aishanlin hitting a 34-year high and Runhong reaching a historical peak. The Ministry of Finance emphasized that the impact on housing prices is influenced by various factors, not solely by loans to young borrowers. Construction stocks continued to rise, with major gains in the sector.
Source: YAHOO