Virus prompts concerns over real-estate bubbleBloombergAuthorities might need to take action to prevent cash flows generated by global COVID-19 pandemic support measures causing a local property-market bubble, central bank Deputy Governor Chen Nan-kuang (陳南光) said. Central bank Deputy Governor Chen Nan-kuang is pictured in this undated photograph. The only restriction currently enforced by the central bank is limiting loans on high-end residences to 60 percent of the property’s value. Banks are not particularly optimistic about the residential property market, but are more positive than they were previously, central bank Governor Yang Chin-long (楊金龍) told reporters last month. “I hope the central bank can be more proactive in considering how to establish the information we need to take preventative measures as early as possible,” he said.

Source: Taipei Times October 06, 2020 15:56 UTC