Reported 8 months ago
Economic expert, Li Tongrong, criticizes the 'New Youth Housing Loan' policy as the 'drug of the property market,' leading to soaring house prices. Li points out that the previous Tsai administration's anti-speculation policies failed to control the housing market and instead made the situation worse. He warns that if the current government does not thoroughly review and rectify the policy, a property market storm is inevitable due to distorted market conditions. Li also highlights the influx of speculative buyers using high leverage to purchase properties, further driving up prices.
Source: YAHOO