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Taiwan: Policies leading to high house prices: academics

Posted on 30 November 2012

Although the government has been attempting to stop house prices from rising rapidly, academics yesterday said that it was actually the government’s policies that had led to skyrocketing real-estate prices and urged it to take a turn in its policy direction.
“Although the government has implemented some policies — such as building low-cost or social housing projects, giving subsidies on mortgages and granting loans with favorable interest rates — none of the policies are helping to reduce real-estate prices,” Taipei Association for Development of Real Estate and Land chairman Chen Kuang-hsiung said………………………………………..Full Article: Source


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