Reported 7 months ago
Land Bank. With recent surges in housing prices, the Central Bank is rumored to introduce new measures to stabilize the housing market at the upcoming board of directors meeting. State banks have been instructed by the Ministry of Finance to discuss and investigate the issue of 'dummy accounts' in relation to the New Youth and Safety housing loans. Meetings initially planned for next Wednesday will now be expedited to Monday due to the urgency of the situation. Concerns over the impact of these loans on housing prices have led to increased scrutiny by various sectors, prompting discussions involving the government, state banks, and relevant agencies to ensure the proper use of such loans.
Source: YAHOO