Reported about 1 year ago
After 10 years of soaring house prices and inflation, luxury home appraisal standards have remained unchanged, causing market distortion. As an example, in Kaohsiung, for a total price above 40 million, only 40% can be loaned, making it difficult to exchange homes, especially in the case of townhouses, where preparing 24 million in cash may be necessary. Limited by loan restrictions, builders can only determine size by dividing the total price, leading to smaller properties. This lack of adjustment in recognition standards has caused difficulties for those wanting to exchange homes, with individuals either lacking the required cash or being unwilling to invest a significant amount. The situation has led to forced segregation of multiple generations within families. Various suggestions have been made to address these issues, including revising the luxury home appraisal standards and encouraging reasonable home exchanges to normalize the housing market.
Source: YAHOO