Reported 7 months ago
The Central Bank held a board meeting today to discuss the ongoing high housing prices, without raising interest rates but implementing the sixth wave of credit control measures, reducing the loan limit for the second house for individuals in seven metro areas (including six cities and New Taipei City) from 70% to 60%. This move aims to manage bank credit resources and reduce related credit risks amid the continued rise in residential property loan ratios. The new restrictions will be effective on June 14th.
Source: YAHOO