The Central Bank has been attempting to control the rising property prices with various measures, including investigating to see whether the banks are secretly assisting investors by giving out higher loans. However, some legislators are skeptical about the effort, and its long-term effect on the real estate market.

The Central bank has implemented several control measures to contain speculations on property market.

But legislators are not convinced that the measures were effective.

The Central Bank governor prepared figures to back his claim that the mortgage risk control measures worked fine.

Some legislators point out that the percentage of property loans in the overall loans is only lowered by 0.7%, which doesn't make any difference.

Legislators discovered that some speculators would ask realtors to jack the transaction price on the contract to get excessive loans.

While the Central Bank admits the situation happened, it has targeted on 15 banks and enhanced the financial supervision efforts.

Although the hot money for currency speculation has been withdrawn temporarily, the bank would focus on how to suppress speculators and solve the problem of imported inflation in this year's first board meeting held at the end of this month.

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