Under the background of the lending ban and the central bank's implementation of the seventh wave of credit control, signs of cooling in Taiwan's housing market are becoming increasingly apparent. From August of this year to now, there have already been 349 cases of contract cancellations for pre-sale houses in the seven major cities within three months. (Background: Looking back at the history of the collapse of Japan's housing market, will Taiwan follow suit under the central bank's heavy-handed measures?) (Supplementary background: Signs of housing market collapse? The number of foreclosed homes in Taiwan increased by 10% in the first half of the year, experts: This group of people has already flipped.) Taiwan's housing market was very hot in the first half of this year due to the new housing loan incentive. A surge of investors borrowing from banks forced the central bank to act. After launching the bank lending ban in August, the seventh wave of credit control was implemented in September, which finally cooled the hot emotions in the housing market and gradually reduced the market's desire to purchase homes. Many pre-sale houses have also begun to show signs of contract cancellations. A wave of contract cancellations for pre-sale houses in the seven major cities According to data from (591 real estate registration), from August of this year to now, there have already been 349 cases of contract cancellations for pre-sale houses in the seven major cities within three months, with an average of over 110 cancellations per month. In order from most to least, the number of cancellations is as follows: Kaohsiung: 91 cases Taoyuan: 63 cases Taichung: 55 cases Hsinchu: 51 cases New Taipei and Tainan: 37 cases each Taipei: 15 cases Since the prohibition on changing contracts for pre-sale houses only came into effect in July of last year, early buyers still had a chance to trade in the market. However, those who bought pre-sale houses after the new system was implemented have only the option of cancellation left. In addition, according to 591's perspective, the central bank's policies not only block investors from speculating on housing prices but also affect some home buyers, reducing their willingness to buy recently. Real estate experts: It is nearly impossible for homeowners to avoid lowering prices In response to this situation, real estate expert Sway recently posted on Facebook, stating that the phenomenon of contract cancellations will continue to increase, and it is nearly impossible for homeowners to avoid lowering prices: "It has begun, first cancellations, then large-scale cancellations, followed by true stabilization, and lowering prices to seek pre-sale contract changes. If you want to be quick, you should realistically cut 20%; if you want to take it slow, realistically cut 10% but with fewer transactions. It is no longer possible for homeowners not to lower prices; it is just a matter of how much to lower them. However, if they lower it by more than 20% below the market price, if you bought more than five years ago, you probably won't lose money, unless you are in the areas I once mentioned, such as Tamsui or Xinzhuang. Homebuyers can really take their time now and work hard to negotiate with homeowners. Making money is not easy! Related reports: Warning signals from Taiwan's housing market? New housing loans increased by 900 billion "several banks stop lending", experts warn: borrowing costs will rise. Taiwan's "eighth wave of housing market regulation" comes with stronger measures! Experts predict: housing prices will definitely explode, with a drop of 5% every year. Bitcoin "today breaks 100,000" Polymarket betting odds surge to 79%, BTC milestone only 600 dollars away. "The impact of housing regulation is evident; the number of pre-sale house cancellations in the seven major cities has exceeded 100 in months, experts say: homeowners want to sell quickly and will cut prices by 20% first." This article was first published on BlockTempo (BlockTempo - the most influential blockchain news media).