NDC mulls property market indexOVERHEATED MARKET? : The gauge would be designed to provide more reliable information than private-sector data, and help improve policymaking, the council saidBy Crystal Hsu / Staff reporterThe National Development Council (NDC) is considering creating a business climate index on Taiwan’s property market, allowing policymakers to better monitor market movements and intervene if necessary, NDC Minister Kung Ming-hsin (龔明鑫) said yesterday. Kung said that the council is assessing the possibility of creating an index designed to provide more accountable and transparent information than data provided by private-sector market analysts, and could help improve policymaking. National Development Council Minister Kung Ming-hsin speaks at a meeting of the legislature’s Economics Committee in Taipei yesterday. Photo: Liao Chen-huei, Taipei TimesThe council would compile a report on the matter within a week, Kung said, but declined comment on whether the local property market is overheated and requires government action, due to unclear data.

Source: Taipei Times October 21, 2020 15:56 UTC