Monthly Average of 4119 Applications in First Two Months After Launch
The government youth Anshin home purchase loan program continues to advance, with Qingan 3.0 launched in August this year and its application performance drawing close attention. According to statistics from the National Treasury Administration, Ministry of Finance, compiled by Yungching Real Estate Group, covering the New Qingan period from August 2023 to July 2026 and the first 2 months after Qingan 3.0 took effect, Qingan 3.0 averaged 4119 applications accepted per month, down 845 from 4964 per month during the New Qingan period, a decline of about 17%, or nearly 20%. Its research center said the drop may be related to new eligibility restrictions, as the government aims to focus limited resources on first-time and owner-occupier buyers who truly need assistance.
177,000 Households Disbursed Under New Qingan Over Three Years
Over the 3-year New Qingan period, a total of 177,000 households received disbursements, averaging 4917 households per month; cumulative disbursements reached NT$1.38 trillion, averaging NT$38.5 billion per month, with an average loan of NT$7.82 million per household. The 3-year cumulative data shows that applications and disbursements under New Qingan both reached a considerable scale, reflecting that many homebuyers have benefited from the program. Chen Jin-ping, associate manager at the Yungching Realty Research Center, noted that the youth Anshin home purchase loan offers eligible homebuyers another loan option, but actual applications and disbursements are still affected by personal financial conditions, bank reviews, and case processing timelines.
Average Disbursement of NT$8.43 Million Per Household, Up 8%
For Qingan 3.0 launched in August this year, only 1862 households received disbursements in the first 2 months combined, totaling NT$15.7 billion, or about NT$8.43 million per household on average, up about 8% from NT$7.82 million per household under New Qingan. This shows that although the new program has fewer monthly applications on average, the average loan per household is higher than under New Qingan due to higher loan caps for newly married couples and families with children. Chen Jin-ping noted that it often takes 1 to 3 months from loan acceptance to actual disbursement, so when assessing the policy impact, in addition to current cumulative acceptances and disbursements, subsequent application numbers, actual disbursements, and changes in average loan amounts should also be tracked for a more complete picture.
New Thresholds Aim for Targeted Subsidies
Chen Jin-ping said Qingan 3.0 currently has only 2 months of statistics, a relatively short observation period, and there may be time lags between application, review, and actual disbursement, so it is still premature to judge the policy appeal or changes in youth homebuying demand based solely on application numbers. Moreover, Qingan 3.0 added income, total price, and age requirements, as the government seeks to subsidize first-time buyers who truly need help, moving toward targeted subsidies, owner-occupancy, and preventing misallocation of resources. In addition, many eligible first-time buyers had already used the New Qingan preferential program, leaving relatively fewer applications under the new program, and data from the coming months will need to be observed.