Taiwan’s Perng calls on banks to curb housing boom

perng-fai-nan

Perng Fai-nan, the governor of the Central Bank of the Republic of China (Taiwan), has called on lenders to rein in speculative activity in the housing market by imposes tougher controls on lending.

In a letter dated 2 July, but published Sunday on the central bank's website, Perng castigated investors who take out loans to purchase houses, hold on to them for a few months, and then sell them at higher prices. "Many speculative investors have bought more than 200 houses and contracted real-estat

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