Reported 8 months ago
During a legislative session in Taipei on June 18, Finance Minister Su Tseng-chang, Premier Su Tseng-chang, and Financial Supervisory Commission Chairman Peng Jin-long addressed concerns regarding the 'New Youth Housing Scheme' introduced by the Ministry of Finance, which has been criticized for potentially fueling property speculation by relaxing mortgage loan amounts and repayment terms. Premier Su emphasized the scheme's good intentions but acknowledged the criticism and announced plans to convene a meeting next week to review the feedback, implementation process, impact to date, and future developments. Opposition lawmakers raised questions about the scheme's impact on rising property prices and speculation, to which Premier Su stressed that the government will use policy tools to conduct a comprehensive examination and address concerns from various sectors.
Source: YAHOO