Reported 7 months ago
The Central Bank held its quarterly board meeting and announced the sixth wave of credit control, reducing the loan-to-value ratio for second homes in seven cities to 60%. Despite expectations for stricter measures, experts believe the impact on cooling the market is limited, as pre-sales are not subject to credit restrictions. The decision reflects a cautious approach towards the real estate market due to concerns over overheating, but its effectiveness might be minimal according to industry insiders.
Source: YAHOO