Why is Xinqing'an so popular? Half of the people here use it to buy houses, appraiser: an accomplice to rising prices

Reported about 1 year ago

Recently, there have been frequent incidents of chaos in mortgage loans in Xinqing'an, prompting the Executive Yuan to introduce anti-fraud measures such as limiting loans, strict examination of dummy households, and post-purchase lease conversions. According to the latest statistics released by a major real estate information platform in Dadaichung, over half of the people in Dadaichung used Xinqing'an to buy houses in the fourth month after its introduction. The popularity of Xinqing'an is mainly attributed to its lower interest rates, increased loan amounts, longer loan terms, and extended grace periods compared to the old mortgage policy, which has inadvertently contributed to the surge in the housing market. Appraiser Chen Mengyun pointed out that while the government's intention in offering favorable mortgage terms for Xinqing'an was to reduce the burden on homebuyers and help them achieve their housing plans, it unexpectedly fueled a sudden surge in housing demand, becoming one of the reasons for rising prices. Chen suggested that the government should consider a holistic approach when evaluating or implementing policies, rather than addressing only individual issues, to prevent additional problems from arising.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis