Reported about 1 year ago
The Ministry of the Interior officially stated on June 11, 2024, that if the central bank announces an interest rate hike in the future, it will recommend that it is not appropriate to further add interest subsidies to the New Youth Housing Loans to prevent further pushing up housing prices. The ministry is closely monitoring the housing market and emphasizes that the New Youth Housing Loan subsidy policy has indeed brought a new wave of buying momentum and capital movement to the market. However, to avoid non-self-occupancy purchase funds flooding into the market and driving up prices, they plan to discourage additional interest subsidies if the central bank raises rates in the future.
Source: YAHOO