Reported 7 months ago
Criticism surrounds the New Qingan policy for fueling speculation in Taiwan's housing market, leading to a surge in prices even in areas like Taoyuan's Guanyin district, known as the 'Cancer Village,' where prices have increased by 50%. The policy, aimed at helping first-time homebuyers, has also created chaos with property investors and speculative behavior. Within 10 months, over 52,000 people have applied for New Qingan, with even presale housing projects being driven up. The market has turned into a gambling arena, with various banks offering attractive plans as people bet on doubling house prices annually.
Source: YAHOO