Reported about 1 year ago
The Executive Yuan recently approved the 'New Youth Housing Security' loan policy, including requiring borrowers to sign a disclaimer and limiting them to one loan only. While this move aims to prevent property speculation, there are concerns that some desperate individuals may give up on homeownership and end up becoming 'straw buyers'. The new regulations also target speculators and those who violate the principle of self-occupation, with penalties including interest subsidies being terminated. The effectiveness of these measures will depend on strict monitoring by banks and the government.
Source: YAHOO