Reported about 1 year ago
The 'Youth Secure Homeownership Purchase Housing Loan', known as the New Youth Housing Loan, has been under scrutiny recently for potentially being used by investors to profit from rising property prices by taking advantage of the 5-year grace period. The Finance Ministry has clarified that the policy aims to assist young families without homes to purchase and settle down, with the majority of beneficiaries being individuals under 40 years old. The Ministry is now discussing concrete measures to prevent misuse, such as strengthening credit assessments and post-loan management.
Source: YAHOO