New Measures Implemented to Prevent Speculative Activities in New Green Housing Loans

Reported 9 months ago

On June 28, 2024, at 2:16 am, Prime Viewpoint comprehensively reported that following a presentation by the Ministry of Finance on the effectiveness and optimization measures of New Green Housing Loans, Premier Cho Rong-tae announced that new restrictions have been imposed on the loans. These restrictions include limiting individuals to only one loan and requiring them to sign a declaration committing to using the property for self-residence. The focus is to prevent misuse and speculative activities, ensuring the policy benefits genuine homebuyers while maintaining market order.

Source: YAHOO

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