Reported about 1 year ago
At the second quarter board meeting, Taiwan's Central Bank announced maintaining interest rates but implementing the sixth round of property control measures, reducing the loan-to-value ratio for second homes in seven cities including Hsinchu from 70% to 60%. This move aims to stabilize the financial market, curb inflation expectations, and address rising property prices amidst concerns of overheating housing market due to speculative activities like false property ownership and investment schemes.
Source: YAHOO