Reported 10 months ago
In an effort to help young people buy homes, the government introduced the New Youth and Safety Loan program, but it has been exploited by some as a tool for speculation. Measures agreed upon include strengthening the inspection of loan applicants to prevent fraud and subletting. Those caught violating the rules will have to return subsidies and interests. Experts pointed out the challenges in enforcing these rules effectively and suggested the need for more stringent measures to curb speculation in the housing market.
Source: YAHOO