Save The Amount of New Mortgage Loans
Taiwanese central bank (CBC) releases the amount of new mortgage loans undertaken by 5 major banks in Taiwan: Bank of Taiwan, Taiwan Cooperative Bank, Land Bank, Hua-nan Bank and First Bank.
The amount of new mortgage loans represents the ongoing activities in the housing market.
CBC introduced a series of policies in 2010 to suppress house price, including capping the number of mortgage undertakings, prohibiting loans under other purposes, and forbidding due extensions.
Luxury tax came into effect in 2011, and sales of house slid during 2014 to 2016.
There shows a particular surge in undertakings of mortgage in December 2015 before the "Directions for Electronic-Filing of Individual Income Tax on House and Land Transactions" came into effect in 2016.
The Amount of New Mortgage Loans (L)2021-0666,718.00 m
The Amount of New Mortgage Loans (YoY, R)2021-0666,718.00 m