Reported 8 months ago
In response to the Central Bank's second-quarter anti-speculation measures, housing trend expert Li Tongrong criticizes the ineffectiveness of current policies in curbing rising housing prices, citing the New Generation Annuity (New Qing An) policy as a major factor fueling the housing market frenzy, akin to a 'new youth ecstasy'. Li points out that the government's frequent and ineffective anti-speculation policies have failed to cool down the market while benefiting major developers and locking out smaller ones, potentially leading to an inevitable market storm due to the government's misguided interventions. The New Qing An policy, hurriedly introduced by former premier Lai Ching-te for political gain, is seen as a major obstacle to effective housing market regulation.
Source: YAHOO