RATES INFLUENCE:
Liquidity is abundant, as reflected in a stock market rally, while a subsidy program for first-time homebuyers might help demand, a realtor said
By Crystal Hsu /
Taiwan’s property market is likely to stabilize following the central bank’s decision on Thursday to leave interest rates and mortgage restrictions unchanged, a move market participants say signals that policymakers are comfortable with a gradual cooling, but are alert to potential financial risks.Chinatrust Real Estate Co (中信房屋) deputy research manager Chuang Si-ming (莊思敏) said that speculative demand has largely been squeezed out after a series of credit-tightening measures, leaving owner-occupiers as the main support for the housing market.Against this backdrop, the bank’s decision to maintain the policy stance suggests it is aiming for a soft landing while continuing to monitor market conditions closely, Chuang said.
A man walks pass a real-estate agency’s store in Taipei’s Daan District on Thursday.
