The central bank yesterday unveiled new measures to loosen its controls on the nation’s property market in northern Taiwan’s suburban areas, given softening market sentiment and falling housing transactions.
It is the first relaxation since the nation’s monetary policymaking body imposed selective control measures to curb the nation’s overheating property market five years ago.
“We found housing prices have been stabilizing,” the bank’s Deputy Governor Yang Chin-lung (楊金龍) told a media briefing.
“We found that in certain areas, the rise in house prices is slowing Housing transactions have reduced and new housing loans have also declined.”
Housing prices in those areas are also relatively lower, Yang said.
A total of six districts — including New Taipei City’s Bali (八里) and Yinge (鶯歌) districts, as well as Taoyuan City’s Taoyuan (桃園), Lujhu (蘆竹), Jhongli (中壢) and Gueishan (龜山) districts — are to be off the central bank’s radar, according to a statement.
Credit restrictions have been fully scrapped in those areas, the bank said.
In addition, the central bank has raised the ceiling on mortgage loans to 60 percent form the current 50 percent for upscale housing buyers, or private residential property bought by corporations as well as third-home buyers, the statement said.
Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) economist Gorden Sun (孫明德) yesterday said that “the central bank’s latest move is a slight relaxation on certain selective areas, where housing transactions have frozen lately.”
“But, this will not herald an extensive removal of the central bank’s curb on the local property market,” Sun said.
The central bank’s credit restrictions on housing in Taipei remain unchanged.
SEEKING CLARITY: Washington should not adopt measures that create uncertainties for ‘existing semiconductor investments,’ TSMC said referring to its US$165 billion in the US Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) told the US that any future tariffs on Taiwanese semiconductors could reduce demand for chips and derail its pledge to increase its investment in Arizona. “New import restrictions could jeopardize current US leadership in the competitive technology industry and create uncertainties for many committed semiconductor capital projects in the US, including TSMC Arizona’s significant investment plan in Phoenix,” the chipmaker wrote in a letter to the US Department of Commerce. TSMC issued the warning in response to a solicitation for comments by the department on a possible tariff on semiconductor imports by US President Donald Trump’s
The government has launched a three-pronged strategy to attract local and international talent, aiming to position Taiwan as a new global hub following Nvidia Corp’s announcement that it has chosen Taipei as the site of its Taiwan headquarters. Nvidia cofounder and CEO Jensen Huang (黃仁勳) on Monday last week announced during his keynote speech at the Computex trade show in Taipei that the Nvidia Constellation, the company’s planned Taiwan headquarters, would be located in the Beitou-Shilin Technology Park (北投士林科技園區) in Taipei. Huang’s decision to establish a base in Taiwan is “primarily due to Taiwan’s talent pool and its strength in the semiconductor
An earnings report from semiconductor giant and artificial intelligence (AI) bellwether Nvidia Corp takes center stage for Wall Street this week, as stocks hit a speed bump of worries over US federal deficits driving up Treasury yields. US equities pulled back last week after a torrid rally, as investors turned their attention to tax and spending legislation poised to swell the US government’s US$36 trillion in debt. Long-dated US Treasury yields rose amid the fiscal worries, with the 30-year yield topping 5 percent and hitting its highest level since late 2023. Stocks were dealt another blow on Friday when US President Donald
UNCERTAINTY: Investors remain worried that trade negotiations with Washington could go poorly, given Trump’s inconsistency on tariffs in his second term, experts said The consumer confidence index this month fell for a ninth consecutive month to its lowest level in 13 months, as global trade uncertainties and tariff risks cloud Taiwan’s economic outlook, a survey released yesterday by National Central University found. The biggest decline came from the timing for stock investments, which plunged 11.82 points to 26.82, underscoring bleak investor confidence, it said. “Although the TAIEX reclaimed the 21,000-point mark after the US and China agreed to bury the hatchet for 90 days, investors remain worried that the situation would turn sour later,” said Dachrahn Wu (吳大任), director of the university’s Research Center for
RSS