Reported 8 months ago
The Central Bank announced on June 21, 2024, that the five major banks in Taiwan had a significant increase of 116.235 billion NT dollars in new housing loans in May, marking a record high for a single month and surpassing April by nearly 20.7 billion NT dollars. Among them, Qing'an loans accounted for 40.64% of the new housing loans undertaken by the five major banks, reaching a record high since its introduction in August last year, becoming a crucial factor in driving the housing market. After the Central Bank raised interest rates unexpectedly in March, the weighted average interest rate for new loans granted by the five major banks in May increased to 2.187%, the highest in nearly 15 and a half years, with the previous high being 2.523% in December 2008. The surge in new housing loans in May reflects factors such as increased working days compared to April, new home transactions driving demand, and continued market activity. Additionally, the increase in Qing'an loans has stimulated the growth in demand for self-occupied housing among the public.
Source: YAHOO