Reported 7 months ago
The central bank has sounded the alarm on the overheated housing market by announcing the sixth round of housing measures, which include reducing the loan-to-value ratio for second homes and restricting loans to 60% for specific regions such as Taipei, Xinbei, and New Hsinchu from June 14. Xu Jiaxin, Director of Planning and Research at Lihua Real Estate, noted that while there may not be an immediate calming effect in the market, a gradual cooling down is possible with increased restrictions. However, significant corrections in housing prices may not be easy to achieve if the stock market maintains its current trend.
Source: YAHOO