Taiwan's Central Bank has held its policy rate steady for ten consecutive quarters while making minor adjustments to selective credit controls and construction-start requirements for land acquisition loans. A recent survey by a major real estate brokerage found that mortgage borrowers' actual funding costs have continued to climb since the seventh round of selective credit controls was implemented. The divergence underscores that an unchanged policy rate has not eliminated financing pressure for households or developers. The measures are gradually reducing policy uncertainty and may help Taiwan's presale market move beyond its broad wait-and-see phase, with competition increasingly focused on owner-occupier demand and product quality. Analysts say the changes provide developers and buyers with a time buffer rather than removing funding risks. Tung Li-ting, assistant vice president of the Sustainable Research and Development Group at Sinyi Real Estate Agency, said the changes could help move-up buyers bridge the financing gap between selling existing homes and taking delivery of presale properties. They also allow developers to adjust launch timing to actual demand. Large developers with stronger finances and land inventories may phase or delay launches, while small and mid-sized developers still face construction-payment obligations and the need to sell projects already under construction. The threshold for high-priced residential properties remains unchanged, so expensive homes continue to depend on buyers with substantial down payments and low leverage. Luxury properties with prime locations and scarce brands may still attract long-term asset-allocation buyers, while some move-up households may favor practical products near the high-price threshold. From the fourth quarter through 2027, the market is expected to shift from excessive caution toward moderate replenishment. Project launches, subdued during the conservative 2026 buying environment, may gradually recover as policy concerns recede and funding conditions stabilize. Strong branding, prime locations, reasonable total prices and product quality are expected to gain traction first. The first-quarter credit-control fine-tuning, the deepening of the New Youth Housing Policy, recovering presale transactions and stabilizing prices in Taipei and New Taipei City have provided positive signals. The adjustment further reduces concerns over funding costs and policy direction, encouraging owner-occupier and move-up buyers who postponed decisions to reassess purchases and handover arrangements. Industry participants view the move as more significant for signaling than for substantive easing. Competition is shifting from the availability of inventory to which projects best meet owner-occupier preferences, including floor plans, building materials, community management and nearby amenities. Projects in Taipei and New Taipei City with strong brands and locations have recently shown steadier foot traffic and transaction performance, while poorly positioned products or those with unclear total prices face longer sales cycles. Future launches are expected to concentrate on areas and product types with clear owner-occupier demand, while investment buying remains constrained by credit controls and holding costs. The recovery will still depend on economic performance, the stock-market wealth effect and real wage growth rather than any single policy adjustment.