Reported 9 months ago
Originally designed to help young people buy homes and reduce loan burdens, the 'Xin Qing'an loan' has recently been seen as a major factor driving up housing prices. To address issues like fake borrowers and rental property flipping, the Executive Yuan announced new optimization measures today, requiring new borrowers to sign a 'self-occupancy declaration' starting today and implementing a new rule of 'single loan' to deter speculators.
Source: YAHOO