The central bank has capped the loan-to-value ratios for purchases by corporate and multiple home owners at 55 to 65 percent, as well as on unsold houses and land financing, in a bid to curb price hikes. “The presale market has a chance of breaking records this year on the back of continued economic growth, excessive liquidity and low interest rates,” My Housing Monthly research manager Ho Shih-chang (何世昌) said. The under-construction Diamond Tower complex, an urban renewal project near the Zhongxiao-Fuxing MRT Station in Taipei, is pictured yesterday. Presale projects in Hsinchu last year fell 10 percent to NT$100 billion, weighed down by the COVID-19 pandemic. Presale projects in northern Taiwan last year rose a total of 27 percent to NT$1.28 trillion, compared with the 13 percent increase seen in 2019, My Housing Monthly reported.

Source: Taipei Times January 07, 2021 15:56 UTC