Reported 7 months ago
In response to the significant rise in construction costs, Taiwan's Ministry of the Interior announced on June 13, 2024, that the third revision of the 'Public Housing Development Program (2017-2024)' has been approved by the Executive Yuan, increasing the non-self-financed verified subsidies for public housing construction to NT$339.2 billion. Additionally, the subsidy period has been extended from 20 to 30 years to reduce pressure on the national treasury. Despite the central bank keeping interest rates steady, the Ministry of the Interior emphasized that there will be no additional subsidies during the upcoming implementation period of the New Taipei Housing Program.
Source: YAHOO