Central Bank Takes 6th Round of Housing Market Controls! Real Estate Agencies: Funds Shift to Non-Controlled Areas

Reported 7 months ago

Following the surge in property buying heat after the launch of New Qing'an, the government has introduced new anti-speculative measures! Despite freezing interest rates, the Central Bank announced its sixth credit control wave during the directors' meeting on the afternoon of June 13. Although the control measures were not expanded, and luxury home price thresholds were not lowered, experts suggest the control this time is relatively mild. Funds may move to non-controlled areas, and first-time buyers need not worry excessively. The tightening of second-home loan ratios in certain areas may lead to fund shifts, affecting mainly property buyers in the seven major cities and Hsinchu. The market now awaits cooler changes.

Source: YAHOO

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