Reported about 1 year ago
Xin Qing'an loans continue to drive the housing market, with the central bank announcing that in May, the five major banks (Taiwan Bank, Taipei Fubon Bank, Land Bank, Hua Nan Bank, and First Bank) saw a surge in new housing loans exceeding one trillion, reaching 116.235 billion yuan, a month-on-month increase of 20.669 billion yuan, setting a new historical high. The increase in housing loan amounts is attributed to various factors including a higher number of working days in May compared to April, a wave of new home deliveries, and sustained market trading activity driven by good export performance and corporate investments, as well as the impact of new Xin Qing'an loans stimulating self-service demand among the public.
Source: YAHOO