The BOT is allowing LTV ratios of up to 110 percent, including top-up loans for home decoration, for first homes priced below THB 10 million.
October 29, 2021In its financial system report, the BOJ said the delayed economic recovery is raising credit risks, particularly in the highly-leveraged real estate sector.
October 28, 2021The introduction of a property tax is aimed at facilitating the steady and sound development of the property market, curbing speculation, and redistributing wealth.
October 26, 2021The agent collected a bag of cash for a property purchase. It was later discovered that the purchaser was an undischarged bankrupt and operated illegal gambling dens.
October 26, 2021While Asian emerging markets are better placed to withstand tightening global financial conditions, there are lingering causes for concern, says Agustín Carstens.
October 25, 2021While PBOC officials are framing the Evergrande crisis as an isolated situation, problems in the property sector have broader implications for banks and investor confidence.
October 21, 2021The fine against Chongqing Fumin Bank was the largest ever against a privately owned bank. Two others were also penalised.
October 15, 2021Banks are asked to refrain from cutting off funding to developers, continue supporting projects under construction, and approve mortgages for homebuyers.
October 1, 2021The Shenzhen Financial Regulatory Bureau said a "thorough investigation" into Evergrande Wealth has been launched following investor demands for an inquiry.
September 29, 2021Measures proposed in a new IMF staff paper include enhanced liquidity management tools, redemption frequency limits, and the use of swing pricing to disincentivise early exits.
September 22, 2021