Taiwan Ministry of Finance Implements Three Measures to Prevent Speculative Housing Behavior under New Youth Homeownership Loan Program

Reported 8 months ago

The Ministry of Finance in Taiwan is taking steps to improve the management of the 'Youth Secure Homeownership Loan' program in response to concerns about speculative behavior. Three measures, including pre-loan scrutiny, post-loan management, and enhanced inspections, are being implemented to prevent issues such as individuals applying for loans on behalf of others, post-loan subletting, and self-occupancy agreements violation. The ministry aims to ensure that the policy objectives of the program are met while deterring improper conduct.

Source: YAHOO

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