Government monitoring housing market: ministerBy Crystal Hsu / Staff reporterThe government is to review housing transaction data this week to determine if further action is necessary to cool the property market, National Development Council Minister Kung Ming-hsin (龔明鑫) said yesterday. “The government is to convene a cross-ministerial meeting later this week and review related data to arrive at a conclusion,” Kung said, adding that it takes time for the market to respond. National Development Council Minister Kung Ming-hsin, left, and Deputy Minister of Economic Affairs Chen Chern-chyi attend a meeting of the legislature’s Economics Committee in Taipei yesterday. The economy is lending support after expanding 8.16 percent last quarter, making upward revisions for full-year growth inevitable, Kung said. Kung declined to speculate if growth could reach 5.5 percent this year, but said that it could rise above the 5 percent mark.

Source: Taipei Times May 03, 2021 15:56 UTC