| dc.description.abstract | In view of the US-China trade war, the return of Taiwanese businessmen to invest in Taiwan, and the concentration of excessive funds in the real estate market, the central bank has implemented several housing market policies since December 8, 2019. This article mainly discusses the selective credit controls implemented by the central bank on September 24, 2021 for Taipei City, New Taipei City, Taoyuan City, Taichung City, Tainan City, Kaohsiung City, Hsinchu County and Hsinchu City. In order to explore whether selective credit control can effectively restrain housing prices, this research collects housing price data for the first and last half years of the policy. The difference in difference measurement method is adopted this time. Eight cities where there is no grace period for second home purchase loans as the experimental group. The others of Taiwan as the control group. First of all, the entire sample has no significant impact on housing prices after the implementation of the policy. Secondly, for the four types of buildings, including apartments, residential buildings, suites and condominium. Buildings has a positive and significant impact on housing prices, condominium has a negative and significant impact, while the rest of the building types have no significant impact. Thirdly, individual analysis of housing prices in eight counties and cities. Taipei City and New Taipei City have a negative and significant impact on housing prices after the policy begins, Kaohsiung City had a positive and significant impact, and the rest of the counties and cities have no significant impact. | en_US |