Reported 7 months ago
Taipei report by Huang Yourong, Dai Ruiyao, Huang Yuting on June 13, 2024, 4:10 PM: Central Bank implements the sixth wave of selective credit controls; national banks analyze that the reduction in the second household loan-to-value ratio has limited impact on housing prices but is clearly aimed at curbing speculation. Analysts believe the new 'Green & Safe Housing Loan' scheme may stimulate the property market, prompting state-owned banks to scrutinize credit approvals. Economists point out limited impact on housing prices due to one-year lock-in period for property swap buyers; aim to deter speculation through communication. Measures can only suppress further price increases as demand remains strong.
Source: YAHOO