Reported 7 months ago
The Central Bank of Taiwan implemented the 6th wave of selective credit control measures, reducing the down payment for second home loans in 7 major cities to 60% to regulate the overheated housing market. This affects mainly homebuyers looking to upgrade or change homes, requiring more funds to cover the difference. The new regulations aim to cool down the market and are expected to have a gradual cooling effect, although experts note significant corrections may not be easy given the strong stock market trends. This marks the 6th round of housing market controls in 4 years, reflecting the Central Bank's vigilance towards the housing market.
Source: YAHOO