The Impact of the Policies for Curbing Property speculation on Housing Prices of Taipei City and the Bank Housing Loans

• Main Authors: Char-Ming Lin, 林洽民
• Other Authors: Yuh-Yen Pan
• Format: Others
• Language: zh-TW
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/81063909743212723478

碩士 === 淡江大學 === 國際商學碩士在職專班 === 101 === In order to stimulate the economy market boom, the central bank had taken eased monetary policy in response to the financial crisis. Influenced by the flood of funds, the domestic real estate market raised sharply, especially the real estate in the Taipei metropolitan area. The price record creates new high repeatedly and brought out over-investment behavior. The rising house price was ranked first in the grievances investigation report and leading the house price faced bubble crisis. In order to inhibit unreasonable prices soaring, the government has implemented many measures to curb housing prices since the third quarter of 2009, including the policies of the selective credit control, improve the housing market program, Mansion tax, Luxury tax ,Net login and Appropriate residential, etc. The purpose for those policies are to avoid credit excessive concentration to stabilize financial, to combat investors real estate speculation, to procure housing prices return to reasonable prices and to prevent the housing bubble. In this study, we use statistical analysis and T-test, to study if there is any significant change before and after the government implement curbing house price policies against every variable. We would like to understand the effect of government curbing house price measure against bank housing loans, the Taipei metropolitan area housing prices, trading volume and real estate management industry. The study results indicate that the government implement measures to curb housing prices reduced quarter growth rate of bank housing loan balance. The Taipei metropolitan area housing prices index goes up instead of down, and be a new high record. The residential sale transfer numbers significantly reduced and the trading turnover days slightly extend. The number of the real estate management industry trend to increase, but the turnover declines because of the policy.