Taiwan's central bank decided not to promote the eighth wave of housing strikes for the time being! Bank executives asked for orders to "fight again and something will happen" to warn of three hidden worries

The central bank held a joint meeting of the managers and supervisors in the first quarter of this year today, and decided that the interest rate policy was frozen four times in a row, and at the same time did not promote the eighth wave of housing market control measures, but replaced by strengthening the gold inspection, after a bank senior listed 3 major warning signals, bluntly said that a series of anti-house speculation measures in recent years have "hit a sore foot", hoping that the central bank "will not increase the eighth wave". (Synopsis: TSMC lost 1,000 yuan!) Experts are too handsome: TSMC concept house "myth busted must fall" can be sold) (background supplement: Bitcoin. Real estate market golden cross: currency KOL buys Taipei, TSMC engineers lose sales, construction starts hit a 5-year low) In order to curb house price speculation, Taiwan's central bank announced the seventh wave of selective credit control measures in September last year, which significantly cooled the housing market, and the central bank held a joint meeting of managers and supervisors in the first quarter of this year today, deciding that the interest rate policy has frozen for four consecutive times, while temporarily not promoting the eighth wave of housing market control measures. The central bank pointed out that in mid-August last year, it took moral persuasion to ask banks to self-control the total amount of real estate loans in the coming year, and in September it introduced a seventh wave of credit control measures. Since its implementation, the proportion of restricted real estate loans has declined, interest rates have risen, people's bullish house price expectations have slowed down, housing market transactions have continued to shrink, house price growth has slowed down, and the proportion of domestic banks handling housing loans for non-self-use residential people to purchase residential loans has increased. In recent months, the annual growth rate of residential loans and construction loans of all banks has slowed down, and the ratio of real estate loans to total loans ( the concentration ) of real estate loans has also dropped to 37.1% at the end of February this year. The central bank said that in the future, it will continue to pay attention to the situation of real estate loans with concentrated credit resources of banks, review the implementation of specific improvement plans for real estate loans managed by each master on a quarterly basis, and cooperate with the handling to enable banks to actively implement the relevant regulations of the Bank. At the same time, depending on the effectiveness of the bank's selective measures, and paying close attention to the possible impact of real estate-related policies on the housing market, the content of relevant measures will be adjusted in a timely manner to promote financial stability and sound banking business. It is worth noting that according to the Economic Daily, a series of measures to crack down on house speculation in recent years have "hit a sore foot", hoping that the central bank will "stop adding the eighth wave". The senior management of the large bank warehouse bluntly said that there are three major warning signals in the large bank warehouse, the first is that in response to the new Qing'an loan application tide, banks have to borrow money to "do housing loans"; Second, in order to digest the new Qing'an housing loan, it can only reduce the civil construction finance with higher interest rates, resulting in a sharp decrease in profit momentum, and the third is that the house price crosses the threshold of luxury houses when the pre-sale house is handed over, which is easy to make the bank step on the red line and be punished. First of all, the government requires that the loan application needs of the first buyers of Xinqing'an should be met, but the large banks have insufficient inventory funds, so they have to borrow money from abroad, and the financing interest rate is equal to the interest rate of Xinqing'an, which is equivalent to making a housing loan at a loss. Secondly, the central bank requires banks to reduce the amount of real estate loans independently, but the new Qing'an loan application tide has not yet been digested, I am afraid that it will queue all the way to September, the bank can only reduce the civil construction finance with higher interest rates, and use the amount to make housing loans, the bank's top management sighed: The civil construction financing interest rate is more than 3% can not be done, the new Qing'an housing loan is only 1.775%, how to meet the surplus this year? Third, house prices continue to rise, pre-sale housing prices are easy to out, easy to step on the central bank's legal red line, Taiwan Bank last week issued a heavy news pointed out that when applying for housing loans, violating the central bank's regulations, the nuclear penalty of 1 million yuan; TSBC has strengthened relevant operational process control measures, supplemented by system control, as an example. On the whole, the senior management of the bank said bluntly that the recent just to cope with the overwhelming tide of new Qingan loan application has taken care of itself, if it is not the first purchase, the new Qingan loan general mortgage, or the same name holding more than two houses of the mortgage, the interest rate starts from 2.5%, and the repayment ability must be reviewed, if the bank judges that the repayment ability is insufficient, it will raise the interest rate, or reduce the number of responses. Shuai overestimated: Zhongguya will fall 5% this year For the central bank's crackdown, looking forward to this year, real estate experts Shuai overestimated that Taiwan's housing market is in a turbulent stage, of which the Zhongguya market continues to adjust, while the pre-sale housing market maintains high-end pushes, but the transaction speed slows down. Shuai overly expected, Taiwan's six capital antique house prices will fall by an average of 2.5% per quarter, a cumulative decline of about 5% in 6 months, of which Kaohsiung, Hsinchu Zhubei and Taipei City fell more obviously, mainly affected by the appearance of investors and the tightening of market funds, and TSMC moved to the United States to set up factories, but also made Hsinchu housing market face greater pressure, buyers shrink hands, sellers seek to sell, he estimates that the next half year may be revised down another 5% to 10%, the decline will be the largest area. Shuai said that another main reason for the reluctance of builders to reduce prices is the rise in construction costs, with the carbon tax policy on the road, the cost of building materials such as steel bars and cement has increased, resulting in an increase in overall construction expenditure, and loan interest rates have risen sharply, the cost of land financing has increased from 2.5% to 6%, and the total interest expense has doubled in three years, making it difficult for builders to reduce prices. Overall, prices remain supportive despite shrinking housing volumes. In terms of policy, Shuai overmentioned that local governments actively promote the construction of MRT to drive regional development, such as Taoyuan added green line and gray line, New Taipei City expanded MRT to Banqiao, Wugu and other areas, the extension of MRT routes will affect the growth potential of future housing prices. Related reports Taiwan's housing market fell 40% in January trading volume "crossed with Bitcoin gold"? Experts are over the first batch: the government manipulates the real price to log in China's housing rescue market pushes "4+4+2" to stimulate new policies, but the problem of unfinished buildings is difficult to solve; Construction stocks do not rise but fall, China rescues the housing market! Shanghai and Shenzhen plan to "cancel purchase restrictions", multi-subsidy policy to stop falling and stabilize 〈Taiwan's central bank resolution not to promote the eighth wave of housing for the time being! Bank executives asked for orders to "fight again will have an accident" to warn three hidden worries" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Blockchain News Media".