Reported 8 months ago
According to a report by Yahoo Finance on June 25, 2024, amidst the heat in the housing and stock markets driven by factors like the New Taipei City-Pingtung triple stimulus voucher scheme, the balance of mortgage loans hit a historic high in May, reaching 10.4336 trillion NT dollars. However, the annual growth rate of construction loans hit a 7-year low, dating back to June 2017. The spike in housing loans is attributed to increased property transactions, positive economic conditions, wealth effects from the stock market, and the impacts of the triple stimulus voucher policy.
Source: YAHOO