Reported 10 months ago
The new Green An housing loan, introduced last year, has sparked a double bubble of 'housing speculation and stock trading.' With attractive incentives, the loan led to a surge in property purchases among young adults, causing property prices to skyrocket. While some view it positively as fulfilling the dreams of 50,000 young homebuyers, others criticize it for burdening them with long-term debts. The sudden surge in real estate and construction stock prices has prompted measures to cool down the overheated market. The loan's impact on young buyers remains uncertain, but it has undeniably benefitted developers and sparked significant economic and social impacts.
Source: YAHOO