Reported about 1 year ago
The Executive Yuan has announced new regulations limiting housing loans to once, effective immediately, to target speculators, ghost owners, and those who rent out properties instead of using them for residential purposes. Experts warn that some individuals may still resort to market speculation despite the government's measures. The new policy aims to curb property speculation and strengthen the quality of bank mortgage credit, affecting mainly investors and resellers who do not comply with the principle of using properties for self-residence. The Taiwan Housing Group executive director also noted that individuals lending their names for loans will lose their eligibility for the program, putting pressure on those engaging in such practices. The regulations are expected to have a significant impact on the property market and may require individuals to seek alternative financing options.
Source: YAHOO