Taiwan business confidence dips amid economic challenges
In particular, the steel and iron sectors are bracing for tougher conditions as the central bank has tightened lending terms to cool the housing market. The new regulations require homebuyers with existing property to make down payments of 50% to 70%, a measure aimed at curbing speculative buying. While these restrictions do not apply to first-time buyers or specific urban renewal projects, they are expected to have a cooling effect on the overall property market, further impacting related industries.
