Reported about 1 year ago
Prior to the Central Bank meeting on June 20, there were speculations of the government possibly regulating new housing loans, leading to an increase in the willingness to sell properties. According to Cathay Financial Holding's June 'National Economic Confidence Survey,' the selling property sentiment index hit a nearly ten-year high in June with 43.9% believing it's a good time to sell, while 22.7% think it's a good time to buy. The recent measures from the Central Bank to control the property market credit, along with discussions on strengthening controls over new housing loans, have impacted these sentiments. However, concerns about the timing for buying property remain, with 61% feeling it's not the right time. This survey marks the first time since March 2010 that the buying sentiment index has remained negative.
Source: YAHOO