Reported 8 months ago
According to insiders in the state-owned financial sector, the 'bulk property loans' derived from new construction projects may become a major loophole in the crackdown on straw buyers in the new housing safety inspection. This practice involves investors collectively purchasing properties and using straw buyers to apply for loans, posing a significant challenge for banks dealing with straw buyer issues. This scheme is primarily targeting properties priced around 12 million NTD, with units suitable for the maximum loan limit provided by the new housing safety inspection program. Measures have been proposed to prevent abuse in these loan transactions, including thorough screening processes and monitoring for unusual activities related to these bulk property loans.
Source: YAHOO