Government to Step in and Curb Speculation in New Housing Loan Policy in Taiwan

Reported 8 months ago

Since the implementation of the New Taipei City and Anping District (New Green Housing) loan policy, there has been a surge in applications, leading to concerns over speculative activities like utilizing others to secure loans and subleasing. The government aims to address these issues and prevent market speculation. The policy has contributed to a significant number of loan recipients, coupled with a strong stock market and ample funds, resulting in record-high property transactions and prices nationwide. Authorities acknowledge the need to eliminate psychological influences to stabilize the market. Various government departments are working together to identify loopholes and collaborate on preventive measures.

Source: YAHOO

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