Reported over 1 year ago
The latest statistics on Taiwan's New Youth Housing Loan were released by the Treasury Department of the Ministry of Finance, revealing that in May, a record high of 8,273 families were granted loans totaling 636 billion NT dollars. The initiative has been instrumental in helping 58,000 first-time homebuyers with a favorable interest rate. There are concerns over potential impacts due to new measures requiring borrowers to sign a commitment to self-occupy their properties and face consequences if found ineligible for the loan. This surge in loan applications may be attributed to current trends in the housing market.
Source: YAHOO