Reported 8 months ago
FTNN News Network, June 18, 2024, 6:30 PM [FTNN News Network] Reporter Lu Yifeng/Taipei reported that since the launch of the New Youth Housing Subsidy last year, over 50,000 people have applied, aiming to help young people afford homes. However, there have been reports of investors exploiting loopholes to become landlords, prompting the government to consider introducing a 'New Youth Housing Subsidy Contract.' Real estate expert He Shichang believes that stricter regulations on the subsidy will actually benefit the presale housing market. He predicts that if the scrutiny on the subsidy increases, it may lead large investors to shift to the presale market, ultimately benefiting that sector. Despite potential declines in the existing housing market's appeal, the impact is expected to be limited due to the attractiveness of the 40-year mortgage loans. The tightening of the New Youth Housing Subsidy rules is seen as a more positive move.
Source: YAHOO