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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Taiwan c.bank says inspected loans for 2nd properties Reuters - Thursday, April 22 Send IM Story Print * C.bank says aims to ensure bank risk controls * Property price gains in some areas at 66 pct - media TAIPEI, April 21 - Taiwan's central bank said it has inspected mortgage lending for purchases of second properties at local banks, the latest indication of its concern that a spike in property prices could impact the island's economy. Such loans may not exceed 70 percent of the purchase price, the central bank said in a statement on Wednesday, adding that the inspection was aimed at ensuring banks controlled risk, rather than tightening real estate market regulation. Pressure has been mounting on the government in the wake of sharp house price rises in Taipei and Taichung since late 2009, driven in part by expectations of an increase in investment from China and record low interest rates. The central bank is widely expected to hold interest rates steady at record lows for months at least, as the island's export-driven economy recovers slowly from the global financial crisis. [ID:nSGE62M07M] Last month, the central bank said it had asked banks for information on mortgage lending, lending rates, the ratio of home buyer debt to income, and details of purchases made as investments, among other information. [ID:nTOE62707O] Some media reports have put property price gains at as much as 66 percent in some areas compared with three years ago. Recommend Send IM Story Print Related Articles AmEx to issue travelers checks in Chinese yuan AFP - 26 minutes ago MIDEAST STOCKS-Zain falls on asset sale fears; Saudi stalls drop Reuters - 37 minutes ago UC RUSAL to limit capacity increases - CEO Reuters - 41 minutes ago METALS-Copper down as Greece fiscal concerns hit euro Reuters - 43 minutes ago Aramco looks to replace Conoco at Yanbu - sources Reuters - 43 minutes ago News Search Top Stories Global recovery patchy but quicker than expected: IMF Former IOC chief Juan Antonio Samaranch dead at 89 Greece cool as heat rises over debt rescue climate Boeing profit falls 15% in first quarter Iceland turns to jokes -- and soul-searching More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Apple engineer loses iPhone prototype Venezuelan boxer hangs himself after murder rap Goldman Sachs' profits surge amid fraud scandal Iceland turns to jokes -- and soul-searching EADS opts to compete against Boeing in US air tanker deal More Most Viewed » Two-million-year-old hominid sheds light on evolution Apple engineer loses iPhone prototype Taiwan's male 'Susan Boyle' a web sensation EU emergency talks as volcano cloud havoc worsens More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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