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Central bank cuts 2023 GDP growth forecast, slaps property market controls

Taipei, June 15 (CNA) The Central Bank of the Republic of China (Taiwan) said Thursday that it has lowered its forecast of Taiwan's gross domestic product (GDP) growth forecast to below 2 percent, citing a weak export performance, and has imposed more selective credit control on the property market to rein in property prices despite a pause to its rate hike cycle. ....

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Highly leveraged property developers could bow out after bill passes

Taipei, Jan. 10 (CNA) After the Legislature passed a bill to deter house flippers in the presale home market Tuesday, it is likely highly leveraged property developers will exit the market amid a fall in liquidity and reduced opportunities to speculate in the property market, according to analysts. ....

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Property sales in 6 biggest cities plunge almost 30% in November

Taipei, Dec. 3 (CNA) Transactions of residential and commercial property in the six largest cities in Taiwan tumbled in November by almost 30 percent from a year earlier, according to statistics released by the six local governments. ....

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Housing transactions in 6 major cities falls on rate hikes

Taipei, Oct. 3 (CNA) Transactions of residential and commercial property in the six largest cities in Taiwan fell in September as the central bank continued raising interest rates to fight inflation, statistics released by the six local government showed Monday. ....

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