Reported about 1 year ago
Starting immediately, the New Homeowner Scheme (New Qing An) will have a one-time loan restriction in an effort to prevent short-term speculation and subletting activities that have been causing chaos in the housing market. The Ministry of Finance has introduced new measures to crack down on these behaviors, including requiring new loan applicants to sign a statement confirming their intention to reside in the purchased property and limiting each individual to one loan under the scheme. The government aims to ensure that its limited financial resources are utilized effectively and is committed to promoting housing justice and curbing speculative activities in the market.
Source: YAHOO