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Taiwan's Housing , house prices, safety ★ this site's world No. 1 in 2020~24, 2017~19, 2016, 2015, 2014, 2013, 2010~12 ★ Top since 1998 ★ |
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Taiwan |
Taiwan house |
ugly, but more expensive than Japan Tokyo's |
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★ New York Times, 2024-4-4: The government had also helped reinforce private apartment buildings over the past six years by adding new steel braces and increasing column and beam sizes, some of the older buildings that had been retrofitted in this way survived Hualien's quake. Taipei 101, once the tallest building in the world, still, some experts say that more needs to be done to either strengthen or demolish structures that don't meet standards, and such calls have grown louder in the wake of the magnitude-7.4 earthquake. nytimes.com/2024/04/04/world/asia/taiwan-hualien-earthquake-prepared.html
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★ CNN, 2024-4-1: Taiwan shaken but unbowed as biggest quake in 25 years / When the earthquake struck in 1999, Taiwan was very unprepared, citing corruption in the construction industry, the lack of building regulations, and inadequate coordination in rescue efforts. What we've seen since then are massive upgrades across the board, from the top down, the government strengthened disaster management laws, improved coordination for rescue and relief, and enforced stricter building codes for earthquake resistance. edition.cnn.com/2024/04/05/asia/taiwan-hualien-earthquake-resilience-dst-intl-hnk/index.html |
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◎ ★ WSWS.org, 2024-4-6: 《Japan Times》says some developers were still cutting corners. “The focus when it comes to development is still the lowest price, so in that case you can't have the best quality”. The areas of Taiwan's Hualien city worst affected are most likely to have been in poorer areas where older buildings have not been strengthened and newer shoddy ones have been constructed by developers cutting corners. An earthquake in one area of the island has the potential to destabilise faults in other parts. One area of particular concern was Chiayi County in southern Taiwan, where the Meishan Fault is nearing its once-in-a-century activity cycle wsws.org/en/articles/2024/04/06/cyab-a06.html Peter Symonds ◎ |
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★ Financial Times, 2024-3-11: one of the main headaches for Taiwan is a boom in high-end housing. Executives heading back from mainland China have pushed up prices. |
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★
Bloomberg, 2024-1-11:
The government has
estimated 2023 growth would be the slowest since the 2009 global financial
crisis. It costs 16 years of annual income to afford a home in Taipei — one of
the highest such ratios globally.
uk.news.yahoo.com/taiwan-voters-head-polls-ties-220000046.html
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★ CSIS.org, 2024-1-19: Yet recent volatility and some chronic problems—housing costs chief among them—made the economy's performance a central issue in the elections... A key concern for voters is the cost of living. Though some blame high interest rates, the cost of housing in Taiwan’s main cities is high by international comparison. Inequality in Taiwan is still low compared to elsewhere, but it has crept up the last decade. csis.org/analysis/taiwans-2024-elections-results-and-implications Brian HartScott Kennedy Jude Blanchette and Bonny Lin
★
international.thenewslens
, 2024-9-3:
Over the last two decades,
Taiwan’s rising housing prices are one of the fastest among the advanced
countries，Taiwan's
housing market is being driven by profits and the housing speculation of the
rich, more so than by the housing needs of average workers.。among
advanced countries, Taiwan has one of the highest proportions of households
owning more than one home,
signifying high levels of housing speculation.
Taiwan
has one of the fewest dwellings and social housing among advanced countries.
international.thenewslens.com/article/187144
Roy
Ngerng
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★ United Daily (聯合報) , 2024-8-24: The ratio of real estate loan to total loan (全體銀行不動產貸款占總放款比率) is as high as 37.4％, almost reaches all-time high; House prices across Taiwan therefore have skyrocketed, which is entirely due to vote buying policy 「新青安」；it seems favor large number of youths, but actually sent them into a quagmire that would be difficult to escape for life; bankers were lured into a "black hole" too.
★ China Times (中國時報), 2024-9-23 : In order to curb the overheated real estate market, the central bank introduced the most stringent real estate market control measures. In the future, it will become a distant dream for young people to buy a house; it will be even more difficult for small families to change their houses chinatimes.com/opinion/20240923003957-262101?chdtv
★ China Times (中國時報), 2024-4-7:
"housing safety" is more important than "the right of adequate and affordable housing". Taiwan has 9.04 million houses with average age 32, 51% houses are aged over 30 years. The average age of Taipei houses is 36.8; 72% of Taipei's houses are aged over 30 years; 14% of them are aged over 50 years. chinatimes.com/opinion/20240407002867-262101?chdtv◎
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★ United Daily (聯合報) , 2024-4-8: Some red-ticket and yellow ticket houses being reinforced were still deemed impossible to save. There are so many old houses crowded together in Taipei have bad seismic resistance. Taipei got serious soil liquefaction issue, besides, the basins and flatlands in YiLan, Taipei and Hualien, are basically "a big bowl of loose sediment" that can amplify movement★ China Times (中國時報), 2024-8-22: More than 90% of people who want to buy a house is for demand for housing. The government should not regard all mortgage holders as speculators.
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★ New York Times, new briefing, 2023-12-5: many voters, especially those in their 20s and 30s, say they are weary of geopolitics and yearn for a campaign more focused on their concerns, like rising housing costs, slow income growth and narrowing career prospects. Whom young people ultimately vote for — and how many vote at all — could be a crucial factor in deciding the presidential election. ◎ ★ L.A. Times, 2024-4-4: Some Taiwan's residents voiced concerns about the earthquake alert system because not everyone was notified. |
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★
economist /
The world's most liveable cities in 2023
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| score |
cities in Asia |
| 90+ | Melbourne, Sydney, Aucland, Adelaide, Osaka(Japan), Perth, Tokyo(Japan), Brisbane, Wellington, Singapore |
| 80-90 | Seoul(Korea), Hong Kong(Chn), Busan(Korea), Taipei (Taiwan), Kaohsiung, Taichung |
| 60-80 | Noumea, Nantong, SuZhou, Beijing, ShenYang, Shanghai, etc |
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top 5 cities:
Vienna 98.4, Copenhagen,
Melbourne, Sydney, Vancouver ... No.10 Osaka, Aucland 96 Score out of 100* five categories: stability, health care, culture and environment, education and infrastructure. |
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pic. :
No.1 "comment Taiwan housing" on
Microsoft Bing, 2024-3-12, 2023-5-26. 2023-5-21, 2023-1-24, 2022-9-22, 2022-6-25, 2022-6-13, 2022-5-5, 2022-1-22,
2021-11-30,
2021-10-8, 2021-7-8, 2021-1-24
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 pic. : No.2 "comment Taiwan housing" on US Google, 2024-4-6, 2024-3-12, 2024-1-6, 2023-12-4, 2022-1-22; No.3 at 2024-8-11, 2024-5-17 |
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★ United Daily (Taiwan), 2024-5-17: The surge in the stock market and real estate market has mainly benefited the rich and capitalists. The Tsai administration has never carried out meaningful financial or fiscal and tax reforms. It only makes the rich "get richer and richer" while the disadvantaged classes are increasingly trapped in an environment of deprivation. A recently released survey of household income in Taiwan shows that the gap between the top and bottom 20% is as high as 66.9 times, which is a serious deterioration compared to 16.8 times 30 years ago.
| ★ Taiwan VS. world least affordable housing market | ||
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The Least Affordable Housing Market, 2023-9-29
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| RANK | Metro. Market |
Median Multiple (median house price / median household income) |
| 1 | Hong Kong, China (most expensive) | 18 |
| Taipei, Taiwan (2023 Q2 ) | 15.5 | |
| 2 | Sydney, NSW, Australia | 13.3 |
| New Taipei , Taiwan (2023 Q2) | 12.9 | |
| 3 | Vancouver, BC, Canada | 12.0 |
| 4 | Honolulu | 11.8 |
| 5 | San Jose | 11.5 |
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★
SCMP (2024-1-6):
Government statistics show the minimum living
cost in Taipei is around NT$24,000 (US$780) per month- excluding rent, which can
easily reach at least NT$15,000 (US$480) for a small one-person flat, or
NT$30,000 (US$960) for a two-room flat.
UDN (聯合報), 2023-12-14: The
Median number of monthly salary in Taiwan
is about NT$43,000.
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★ Real Estate Asia, 2023-11-27:
Taiwan real estate transaction volumes hit 5-year lowsProperty investments plummeted by 60% in Q3 2023. The market momentum in Taiwan’s real estate sector turned weak in the third quarter of 2023 with transaction volumes recorded at NT$15.4 billion, down 72% QoQ and 60% YoY, the lowest level in the past 20 quarters msn.com/en-xl/news/other/taiwan-real-estate-transaction-volumes-hit-5-year-lows/ar-AA1kDViQ
★ comparison Taiwan's cities with world metropolitan
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Demographia / Major Housing Market Ranked by Affordability, 2022 Q3 |
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| World Rank | Metro. Market | Median Multiple |
| 94 | Hong Kong, China | 18.8 |
| Taipei, Taiwan (2022 Q4, pip.moi.gov.tw/v3/e/scre0105.aspx) | 15.77 | |
| 93 | Sydney, NSW, Australia | 13.3 |
| New Taipei , Taiwan (2022 Q4, pip.moi.gov.tw/v3/e/scre0105.aspx) | 12.68 | |
| 92 | Vancouver, BC, Canada | 12.0 |
| 89 | L.A., USA | 11.3 |
| TaiChung , Taiwan (2022 Q4, pip.moi.gov.tw/v3/e/scre0105.aspx) | 11.11 | |
| 87 | San Francisco, USA | 10.7 |
| City average, Taiwan (2022 Q4) | 9.61 | |
| 83 | London , UK | 8.7 |
| 47 | Singapore | 5.3 |
| demographia.com/dhi.pdf Taiwan gov. pip.moi.gov.tw/v3/e/scre0105.aspx | ||
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★globalpropertyguide.com
Residential Real Estate Market Analysis 2022,
2022-12-6 Taiwan's house price growth continues to accelerate, amidst robust demand buoyed by the ultra-low interest rate environment. Lutheran home price index rose strongly by 14.77% (10.79% inflation-adjusted) in during the year to Q2 2022, the biggest y-o-y growth recorded since Q4 2013. Taipei is one of the world's most expensive cities. Taipei's house price-to-income ratio has risen sharply from just 6.4 in 2004 to about 15.8 in 2021– higher than most world metropolitan (except Hong Kong)
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Demographia / Major Housing Market Ranked by Affordability 2020 Q3 |
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| Rank | Metro. Market | Median Multiple |
| 92 | Hong Kong | 20.7 |
| Taipei | 15.8 | |
| 91 | Vancouver, BC, Canada | 13.0 |
| 90 | Sydney, NSW, Australia | 11.8 |
| 85 | San Francisco, USA | 9.6 |
| 83 | L.A., USA | 8.9 |
| 82 | London , UK | 8.2 |
| 50 | Singapore | 4.7 |
| demographia.com/dhi2021.pdf Taiwan gov. pip.moi.gov.tw | ||
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Unmonitored speculation, low housing supply, and a long tradition of
homeownership pushed house prices in Taiwan, particularly in the capital
city, and particularly on high-end properties. buying
a home remains unaffordable for most young Taiwanese, a situation we don’t
expect to change in the medium term,” said Emily Dabbs of Moody’s Analytics. An
average household in Taipei needs to pay two-thirds of income for a mortgage
loan, far above the affordable limit of 30%. |
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★
Numbeo Property Prices Index by
country 2023 |
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| world rank | country | Price to Income ratio | Gross Rental Yield City Centre | Affordability Index |
| 3 | Hong Kong | 44.9 | 1.7 | 0.1 |
| 5 | China | 34.6 | 1.6 | 0.4 |
| 11 | S. Korea | 26.0 | 0.9 | 0.5 |
| 16 | Taiwan | 20.1 | 1.5 | 0.8 |
| 32 | Singapore | 15.5 | 3.3 | 1.0 |
| 72 | Japan | 10.3 | 2.5 | 1.7 |
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★
comparison among Asia's
cities |
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| city | Price to Income ratio | Price to Rent ratio city center | Loan Affordability Index |
| Taipei | 29.68 | 87.01 | 0.57 |
| New Taipei City | 35.45 | 37.11 | 0.48 |
| Taichung | 17.77 | 53.61 | 0.95 |
| Kaohsiung | 12.49 | 47.37 | 1.28 |
| Tokyo (日本) | 12.65 | 32.18 | 1.41 |
| Singapore (新加坡) | 15.73 | 29.11 | 0.96 |
| Shanghai (大陸) | 47.11 | 60.75 | 0.27 |
| Beijing | 46.06 | 61.61 | 0.27 |
| Seoul (韓) | 30.40 | 90.68 | 0.47 |
★globalpropertyguide.com
House Prices/GDP per Capita in Taiwan compared to Asia
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rank |
country |
data |
| 1 | Cambodia | 139.08x |
| 2 | India | 93.39x |
| 3 | Philippines | 92.29x |
| 4 | Vietnam | 50.94x |
| 5 | Taiwan | 48.70x |
| 6 | Hong Kong | 45.19x |
| 7 | China | 42.79x |
| 8 | Thailand | 37.36x |
| 9 | Japan | 23.63x |
| 10 | Indonesia | 20.05x |
| 12 | Singapore | 17.69x |
| 13 | Malaysia | 13.25x |
| Taiwan does not publish official house price statistics. Sinyi Realty has quarterly and monthly house price indices. | ||
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《 China Daily 》 , 2023-5-26: Taiwan people unhappy with DPP, polls show / Taiwan's residents are disillusioned with Tsai Ing-wen's performance and the DPP administration's reluctance to address important issues such as the income gap, affordable housing and unemployment.chinadaily.com.cn/a/202305/26/WS646fc82ea310b6054fad5234.html
★ 《
United
Daily
經濟日報》,
2023-5-20:
The price index of houses in Q4, 2022 reaches 127.5,
which increases 28% since Tsai Ing-wen took office in 2016。The
prices of pre-sale houses increase even much more ( 87%
)。 The young people cannot afford buying a
house, therefore more and more choose not to get married and not to have baby,
which is called national security crisis (risk).
udn.com/news/story/7338/7177628?from=udn_ch2cate6643sub7338_pulldownmenu_v2
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★
《
China Times
》,
editorial ,
2023-5-21: When Tsai Ing-wen took office in 2016,
the house price-to-income ratio is
9.32,
Mortgage Burden
is 38.34%，the
house price-to-income ratio in Q4 2022 is
9.61，Mortgage
Burden
is
40.25,
showing an obvious upward trend.
As of April this year, the supply of new housing projects in the metropolitan
area has decreased by about 10% compared with the same period last year, but
prices have even continued to rise
。Given
the low wages of young people in Taiwan, what kind of price and area "suits
young people's ability" as Minister of Interior said?
？
Single renters in Taipei spend an average of 35%
of their monthly salary on renting a suite. How can they save some money to buy
a house? The current unemployment rate among young people aged 25 to 29 is as
high as 6.13%. Young people can't even find a job, let alone buying a house?
chinatimes.com/opinion/20230520003246-262101?chdtv
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★ 《 China Times 》, editorial , 2023-5-19: According to governmental statistics, nearly 80% of young people's salary is to pay home loan, how can they have enough money to live ? DPP's 2024 presidential election candidate Lai (賴清德) gave a wrong saying to youngsters "house price is dropping"。Minster Lin (林右昌) gave a tricky word : Young people can buy a house if they make planning or not to pick "high-price location". chinatimes.com/opinion/20230519004400-262101?chdtv
★ 《 Taipei Times》 , 2022-12-13: Soft landing possible for housing in Taiwan / The property market might need more time to assimilate the previous three rate hikes, which were intended to tame inflation but help cool property transactions, "A drop in transactions usually precedes price corrections" central bank Governor Yang Chin-long (楊金龍) said; Unaffordable housing is the public’s biggest complaint, especially among young people, surveys have shown.The number of housing transfers in the nation’s six special municipalities shrunk by double-digit percentage points in the second half of this year, with the pace of retreat accelerating each month, government statistics showed. .taipeitimes.com/News/biz/archives/2022/12/13/2003790598
★ 《 National Interest》
, 2022-7-9: Taiwan faces many internal problems. First, low wages and high housing costs are affecting the marriage rate and leading to decreases in fertility. nationalinterest.org/blog/buzz/why-china-cant-afford-attack-taiwan-203504
★ 《 New York Times》
, 2022-1-21: At the time of the fire, the deadly "ghost building" had suffered years of neglect ... Piles of garbage had accumulated on lower floors and in the stairwells, which fire officials said had accelerated the fire’s spread and impeded rescue efforts. The blaze also highlighted the lack of support for poor and older people who are desperate for housing and often have no choice but to live in dilapidated buildings. nytimes.com/2022/01/21/world/asia/taiwan-fire-ghost-building-suspect.html
★ 《 VOAnews》
, 2022-4-1: Taiwanese investigative magazine Commonwealth reported last year that Taiwan is undergoing its biggest real estate boom since the 1980s. Today, even small housing units in Taipei can command prices exceeding $1 million,...housing prices across six cities including Taipei rose more than 30% between 2019 and 2021. Much of the inflated prices in housing is fueled by the long running problem of property speculation in Taiwan and very little social housing. voanews.com/a/survey-shows-young-taiwanese-lack-savings-are-highly-indebted-/6510937.html
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《 經濟日報 United Daily》 , editorial, 2022-10-2: The government praising real estate industry is "the shield to protect the country"(「護國群山」)、" the engine of economic development" (「經濟發展的火車頭」) triggers anger of law-makers, scholars, and civil communities. Taiwan's Ratio of house price to income (房價所得比) in 1st Qtr. rises to 9.58 which is 8.97 times of that in 2nd Qtr. 2016, and hits record high in 20 years. Mortgage Burden (房屋貸款負擔率) hits record high as well. Besides, the housing rental index (住房租金指數) reaches 106.64。 udn.com/news/story/7338/6655387?from=udn_ch2cate6643sub7338_pulldownmenu_v2 brief★
《 經濟日報社論 》 , 2022-11-26: "Cold winter" is coming (房市量比價先行 寒冬將近) udn.com/news/story/7338/6793835?from=udn-catehotnews_ch2★ 《 United Daily》
, editorial, 2022-4-6: Taiwan president Tsai Ing-wen reneges on her main policy, housing justice - failures on building social houses, and the housing price has been rapidly soaring... udn.com/news/story/7338/6217258?from=udn_ch2cate6643sub7338_pulldownmenu_v2
★ 《 New York Times》
, 2021-10-16: The Kaohsiung building (46 killed in a fire) is one of many aging structures across the island that have fallen into severe disrepair as a result of weak management and government neglect. Skyrocketing housing costs in Taiwan’s cities — and a rapidly aging population — have exacerbated these issues in recent years and have outpaced the government’s efforts to resolve them... the lack of support for Taiwan’s rapidly aging population... older buildings that had been constructed under outdated safety guidelines were often overlooked nytimes.com/2021/10/15/world/asia/taiwan-building-fire.html
★ 《 OECD,org》 . 《 United Daily》
, 2022-4-9:|
The percentage of social housing representing all dwellings |
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| Singapore | 80% | Holland | 34.1% |
| Hong Kong | 30.4% | Denmark | 21.4% |
| UK | 16.7% | S. Korea | 8.9% |
| EU | 7.5% | Taiwan | goal: 2% |
| oecd.org/social/social-housing-policy-brief-2020.pdf , udn.com/news/story/121823/6220288?from=udn_ch2cate6643sub121823_pulldownmenu_v2 | |||
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★ Economist, EIU, THE GLOBAL LIVEABILITY INDEX 2022 Biggest movers down the ranking in the past 12 month Taipei (Taiwan) ranks world No. 53 |
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| City | Location | World Rank | Index | Rank Move | Index Move | |
| 1 | Wellington | New Zealand | 50 | 85.7 | -46 | -8.0 |
| 2 | Auckland | New Zealand | 34 | 89.2 | -33 | -6.8 |
| 3 | Adelaide | Australia | 30 | 90.7 | -27 | -3.3 |
| 8 | Taipei | Taiwan | 53 | 85.1 | -20 | 1.2 |
★
《 United Daily 經濟日報 》 editorial, 2022-6-25: From Jan. 2021 till March 2022, the average housing price rose 11.5% ( TaiNan 21.7%，TaiChung 18.9%, Kaohsiung 13.3%)，the most important factor is low interest rate in recent years... udn.com/news/story/7338/6413909?from=udn-catehotnews_ch2
★ 《 聯合報 United Daily》 , 2022-9-23: The government has not been very active on Tsai's political views declared during running for president - social housing construction (1) electoral considerations, not to offend the builders. (2) Encourage house purchasing (3) Not to spend money on “charity” (4) Government values entrepreneurs over civilians udn.com/news/story/121823/6634051?from=udn_ch2cate6643sub121823_pulldownmenu_v2
★ 《 New York Times》 , 2021-10-15: At least 46 die in a Taiwan apartment fire...alarming safety conditions inside the building, including exposed electricity cables, corroded water pipes and heaps of detritus obstructing dark stairwells...Taiwan has a spotty record when it comes to fire safety. The tragedy on Thursday was Taiwan’s deadliest building fire since 1995, when a blaze broke out in a karaoke club in the central city of Taichung, killing 64 people... to raise questions about whether the self-governing island,... had overlooked basic safety concerns in the rush to develop nytimes.com/2021/10/14/world/asia/taiwan-apartment-fire.html
★ 《 Bloomberg》 , 2021-7-1 (bloomberg.com/news/articles/2021-07-01/taiwan-s-red-hot-housing-defies-challenges-from-covid-to-china?srnd=prognosis) : Taiwan’s Red-Hot Housing Defies Challenges From Covid to the constant threat of invasion from China / Prices defy sale curbs, falling population, high vacancy rate, Covid outbreak slows deals, but low rates drive prices higher. Taiwan home prices jumped the most in six years in the first quarter and may reach new highs by the end of the year, residential and office deals in Taiwan’s six largest cities surged 27.9% in April from a year earlier, smaller families are creating new demands, such as for small- and medium-sized apartments....The government is not bringing its ultimate game to fight the overly-hot market. “The real solution for restraining prices lies in raising property taxes.”
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pic. : No.1 "comment Taiwan housing" on Yahoo Taiwan,2022-9-22, No.1 "comment Taiwan housing" on US Yahoo, 2022-6-25, 2022-6-13, 2022-5-5, 2022-3-21, 2022-1-22, 2021-11-30, 2021-10-8, 2021-8-22
No.3 "comment Taiwan housing" on US Google, 2021-11-30, 2021-11-1
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★ <United Daily > editorial
, 2022-3-27: In a seminar in National Cheng Kung University, 41% students chose to embrace ‘Lying Flat’( lie around like a couch potato)...Soaring housing prices have become the biggest pain for young people...the real wage is pretty low...The central government is reluctant to promote the Taxes on Housing Speculators , and is passive and perfunctory to adjust the housing policy udn.com/news/story/7338/6194409?from=udn-catehotnews_ch2
★ 《 China Times, 中國時報 》
editorial , 2022-1-31: To solve the lowest birthrate (world lowest "Fertility Rate", 1.1, by The World Fact Book (cia.gov/the-world-factbook/field/total-fertility-rate/country-comparison) ), the first thing is to reduce the financial pressure of the common people; and the most important among all is housing prices or rent price. However, the more new restrictions by the Central Bank to curb rising housing prices, the higher the housing prices rise. chinatimes.com/opinion/20220129003035-262101?chdtv
★ 《 China Times, 中國時報 》
editorial , 2021-10-15: Behind the fire sea in Kaohsiung building (城中城) is the government's discrimination and indifference to those underprivileged group who can not afford buying fire-fighting equipments, the Kaohaiung city hall was not intend to purchase the equipment for them, and just gave them up and let them live their own lives.
★ 《 United Daily 經濟日報 》editorial , 2021-10-19: The Kaohsiung apartment fire reflects not only the tragedy of the elderly living alone and low-income households but also the real estate marketing failure (The housing market is clearly oversupply, but the housing price-to-income ratio has risen ) and gov's not imposing house taxes, not establishing a sound leasing system, not working well on urban renewal, not revising the housing law, not imposing house tax version 2.0, and failures on social housing , apartment building management, land use zoning control, housing justice, population policy, etc
Since 2014, fire accidents similar to Kaohsiung ghost building tragedy have occurred almost once per one to two years. In the past seven years, there have been 67 deaths in fire accidents ....without more active resources from the central government and the stronger determination from local governments, the poor and homeless still have no place to stay...Those homeless tramps from the lowest stratum of society wander from one district or one system to another, become un-welcomed "soccer balls" kicked by various bureaucracy governments. (在中央角色薄弱、地方各自發揮下，底層貧窮者則在系統間流浪，成為被官僚體制拋接的人球。) |
★ 《 China Times, 中國時報 》editorial , 2021-11-29: Since the assessed land value (officially announced land price) is much lower than the actual market price, the "effective tax rate" for tenancy (real estate) in Taiwan is only about 0.1%, which is about 1/10 of that in the US, 1/4 in UK, 1/2 in Japan, or Singapore. The number of Non - occupier owner (nature person) for real estate speculation increases 7%.
★ 《 中國時報 》 2021-12-17: The price of house may continue to rise in 2022. The Central Bank does not rule out the possibility to target the hoarders and take measures to control the situation ( 央行不排除再出手管制 瞄準囤房族 第3戶房貸降至4成) chinatimes.com/newspapers/20211217000456-260110?chdtv
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| pic.: The Real estate price index of TaiNan, Kaohsiung, Taiwan in recent years | pic.: The Real estate price index of TaiPei, Tai-chung, TaiNan, Kaohsiung |
| ★ 《 經濟日報 》社論 , 2022-1-26: 金融市場流動性太高、人們預期心理與興建成本太高等，台灣房價上漲的幅度遠遠高於物價漲幅，充分顯示房市熱絡情況。房價大漲主因：一，疫情下的貨幣量化寬鬆政策。 二，電子產業股價大幅上升使對不動產需求大增。三，台積電帶頭投資。 四，全球原物料大漲，建商不調整價格都很難。udn.com/news/story/7338/6060732?from=udn-catehotnews_ch2 | |
◎
★ 《 China Times 中國時報 》
editorial , 2021-10-9: The Real estate price index of all cities except Taipei in Q2 hit new high; in recent 5 years the index of Taiwan rises 11+%, TaiNan city even rises 22%, Taipei 6.5%，Taipei's ratio of housing prices to income (Q2) reaches 15.79，the ratios of Taiwan、New Taipei City are one among top of the world。 Taiwan president wrote a bad check about "building 200 thousands of social housing within 8 years". brief : chinatimes.com/opinion/20211008004276-262101?chdtv◎
House Prices/GDP per Capita in Taiwan compared to Asia
|
||
| rank | country | ratio |
| 1 | India | 627.55x |
| 2 | Cambodia | 227.93x |
| 3 | China | 145.62x |
| 4 | Philippines | 135.02x |
| 5 | Vietnam | 104.97x |
| 6 | Thailand | 89.22x |
| 7 | Indonesia | 72.00x |
| 8 | Hong Kong | 65.59x |
| 9 | Taiwan | 46.11x |
| 10 | Japan | 41.98x |
| globalpropertyguide.com/Asia/Taiwan/price-gdp-per-cap | ||
★
《 United Daily 聯合報 》 , 2021-10-8: Taiwan's housing prices continue to rise, the ratio of housing prices to income has risen for three consecutive years, making it one of the top nine in the world.
★ 《 TTV news 台視 》 , 2021-10-1: Taiwan's house prices rising is unstoppable, Q2 index hits record high
★ 《 Taipei Times 》 , 2021-8-25: Luxury house prices in Taipei last quarter increased 14.9 percent year-on-year, the 10th-highest rise globally, as upscale housing around the world recovered amid monetary easing and a surge in safe-haven purchases, a survey by London-based property consultancy Knight Frank LLP showed. taipeitimes.com/News/biz/archives/2021/08/25/2003763171
★ 《 China Times 》 , 2021-8-19: House price in entire Taiwan is rising "crazily"， particularly, Taipei city, New Taipei city, HsinChu city (新竹市) hit top ever。 chinatimes.com/opinion/20210818003931-262104?chdtv
★ 《 Global Property Guide》 , 2021-8-2 : Taiwan’s house prices are surging again, buoyed by a strong economy and ultra-low interest rate environment.
★ numbeo.com/property-investment/country_result.jsp?country=Taiwan
| city | Price to Income ratio | Price to Rent ratio city center | Affordability Index |
| Taipei | 32.09 | 72.56 | 0.53 |
| New Taipei City | 21.48 | 63.59 | 0.77 |
| Taichung | 21.07 | 64.02 | 0.79 |
| Kaohsiung | 13.61 | 39.95 | 1.20 |
◎
★◎United Daily, Economy Daily (經濟日報) , 2021-7-15, editorial: Low interest rate keeps rising housing price. 5.66% yearly growth rate runs faster than the growth rate of retail price and growth of salary, deeply influence the marriage willing of youngster generation. udn.com/news/story/7338/5602301?from=udn-relatednews_ch2
◎
★
◎China Times (中國時報) , 2021-4-18, opinion: The crucial reason that young couples are not willing to and do not dare to have baby is high housing price. The legislative measure "tax version 2.0 (房地合一稅2.0)" was once called "nuclear bomb to high housing price", but actually promoted the price of pre-sold house and newly built house in Northern Taiwan (北台灣第一季新成屋、預售屋平均成交價全面走揚，基隆、新竹改寫歷史新高價，台北、新北及桃園則創下反彈以來最高點，北市每坪均價更暌違5年重返9字頭)。The point is driving interest rate down leads to higher housing price. chinatimes.com/opinion/20210417003637-262101?chdtv◎
purchasing an apartment in Taiwan, is significantly more expensive than in the U.S. An apartment in a city center in the U.S. will cost an average of $292 per square foot, according to Numbeo. In Taiwan, it costs an average of $761 per square foot to purchase an apartment in a city center
. When it comes to renting, Taiwan is still significantly cheaper than in the U.S. In the average city center in America, a one-bedroom apartment costs an average of $1,346 per month. In Taiwan, the same apartment costs about $485 per month. If you were to choose a three-bedroom apartment, it would cost $2,156 in the U.S. and $1,132 in Taiwan.◎
◎
★◎《ＳＥＴＮ ｎｅｗｓ》, 1-1-2021 :
| Ratio of house price to income |
The
"Ratio of house price to income" (Q3,
2020) rises again !
"Ratio of house price to income" of Taipei,
15.29,
|
|
| Taiwan | 9.19 | |
| Taipei (Taiwan) | 15.29 | |
| New Taipei City (Taiwan) | 12.16 | |
| Tai-Chung | 9+ | |
| Chang-Hua | 9+ | |
◎
★《United Daily - Economy Daily》editorial, Dec. 7, 2020 : https://udn.com/news/story/7338/5071620
| Ratio of house price to income |
Low interest rate environment is core factor to drive Taiwan's housing price higher and higher
The "Ratio of house price to income" of Taipei, 14.39,means you should eat & drink nothing for 14.39 years to buy a house in Taipei |
|
| Taiwan | 8.66 | |
| Taipei (Taiwan) | 14.39 | |
| Kao-hsiung (Taiwan) | 7.27 | |
| Tokyo (Japan) | 5 | |
| Singapore | 4.5 | |
◎
★《 SET i News》 Dec. 4, 2020 :
| world top 5 - House price grows % | world top 3 - office & commercial building rent grows % | ||
| No. 1 Taipei Taiwan (台北) | 3.4% | No.1 Ho Chi Minh City, Vietnam (胡志明) | 1.0% |
| No. 2 Seoul Korea (首爾) | 2.3% | No.2 Taipei (台北) | 0.6% |
| No.3 Ho Chi Minh City, Vietnam (胡志明) | 0.8% | No.3 Seoul Korea (首爾) | 0.2% |
| No.4 Osaka (大阪) Japan 0.7%, No.5 Shanghai 0.5% | rent drops most - Hong Kong, New York | ||
◎
◎
★ 《 United Daily》, 2021-6-17: udn.com/news/story/7340/5537697?from=udn-catehotnews_ch2 medical expert 楊志良project found out: under the circumstances of low salary and high housing price, it will be less and less marriage and child born。
◎
★《 China Times 》 Dec. 5, 2020:
editorial／ Taiwan's lawmakers can not give Residence Justice◎
★《 中國時報》 12-19-2020: editorial／Taiwan's government ― the more to cap rising housing-price, the higher the housing-price rises (打房 為何越打越漲？) https://chinatimes.com/opinion/20201219003613-262101?chdtv
★《United Daily - Economy Daily》, editorial, Dec. 18, 2020 :
immediately reform the Taxes on Housing Speculators ! https://money.udn.com/money/story/5628/5101686
★
遠見 Dec. 2020: Taiwan's house price is growing， if the government will not modify the tax system, those measures (e.g.,「實價登錄2.0」) to cool off the housing market or to reduce property speculation，are nothing but "cure the symptoms, not the disease"， the administration's policy becomes a "paper tiger" 。www.msn.com/zh-tw/lifestyle/other/房市買氣六年新高-行政院打擊炒房五大招-恐淪為紙老虎/ar-BB1bCCvk?ocid=msedgdhp
★《 China Times 》 12-5-2020: Government's 'phony' measures to blasts real estate speculation should focus on Property Tax, otherwise the administration's policy in this time is just a propaganda 。https://www.chinatimes.com/opinion/20201204005133-262105?chdtv周信佑》"政府打房 只是打太極"
★《Apple Daily》editorial, Dec. 7, 2020 : Try to get an balance between "residence justice" and marketing mechanism. The sharply rise of Taiwan's house recently is because the foreign money and the hot money have kept flowing back into Taiwan to hit history top. https://tw.appledaily.com/headline/20201208/SPFEDEHQCBEVJAFQXESCWJW4JU/
★《Apple
Daily》editorial,
Dec.
9, 2020
Rising housing price recently will make the rich are richer, but those
youngsters struggling minimum wage even do not dare to have housing dream...
today's Taiwan has been polarizing
the differences
between the rich and poor, the middle class is moving downward, not to mention
the situation of service industry's
furlough
and being jobless is getting worse and worse.
tw.appledaily.com/headline/20201209/KPGCQUPML5FAXIRHL3ZDRXXPGY/
|
Till 2020,
Taiwan has not been included in the top ranking list of
the world's most livable cities
|
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★《
United Daily 聯合報》 8-8-2020
editorial: Taiwanese government most welcomes
international architecture works, but its double
standard angers local architects.
(
★《 United Daily 聯合報》 4-12-2019 headline news - Lancet Planetary Health (April 10, '19): "The 4th worst for rate of kids getting Asthma from traffic air pollution" 《中國時報 China Times》, Taiwan, 4-12-2019 : the government was criticized that lacking intention to improve air pollution.
★《 United Daily 聯合報》 9-6-2019: "the root of all evil - high real estate price", Taiwanese politicians kept trying to earn sudden huge profits by their secret weapons - distorting tax rates, land-value assessing, changing land category, and wrongly using political power (在稅率、估價上，行種種遷就現實的扭曲，成為炒作地價法寶，配合變更地目千倍差價，借助公權力圖謀暴利，乃成大小政客的聚寶盆 ... / 馬凱)
★
★ 《Apple Daily 蘋果日報》, 9-28-2019: "the root of all evil", the biggest injustice : land trades ( 台灣萬惡之源、台灣最大的不公不義: 土地交易... 很多避稅手段) , in the past decades, the richest Taiwanese earned huge fortune by land-trades.
★
★
《United Daily 》Taiwan, 7-2-2019 The Implementation of registering the "Actual Selling Price" of Taiwan's houses is still just a "gossip", giving little influence to the transparency of Taiwan's real estate price.
★ 《Apple Daily》, Taiwan, 4-3-2019 It's difficult for people earning less than NT one million (USD33 thousands) per year to buy a house in Taipei city.
★《United Daily 》Taiwan, 8-26-2019, headline news "can't afford buying a house, salary remains, no solutions yet since 1989"
|
|
|
| pic.: UDN, headline news, 8-26-2019: still can't afford a house, salary remains the same as 30 yrs ago, |
★ 《China Times》, Taiwan, 4-11-2019 Home ownership scheme to slow down "fewer babies born" .
★
<SETN,
Taiwan, 三立新聞網>, 1-30-2019
"Chinese tourists
：How lousy is Taiwan's housing
! (台灣人住好差)
"
... Many Taiwanese live upstairs above loudly and
messy night markets, even dirty traditional wet markets, most Taiwanese live not
in a community with parking lots, parks, and environmental greening
designs, it's, overall dirty and messy ! (「整個很髒亂」),
very bad quality of living, very similar to backward towns in communist China.
◎
★★ <The New York Times>,
2-27-2018★ Taiwanese are "in a near panic" over shortage of tissue paper, which highlights high price sensitivity, Taiwanese wages stagnated for years, but housing prices went up. (brief)
◎
★ 《Apple Daily》, Taiwan, 9-23-2018
◎
★《Apple Daily》, Taiwan, 7-18-2018
◎
★《UDN》
《Apple Daily》Taiwan, 2-8-2018 The government has not well taken its fundamental responsibility of protecting the safety of people's life and property - why are there so many tall buildings located on the fault-zone? why are poor architectures everywhere on bad geologic grounds ? why are those shit-hole politicians doing nothing and ignoring urban renewal so as to risk millions of old houses and human beings? (ps: may face death in 6 magnitude quake) (full text: https://udn.com/news/story/11321/2974813 聯合報社論／斷層帶上何以建了那麼多高樓？ 2-8-2018, https://udn.com/news/story/7338/2977079 勿讓軟腳樓成坑殺人命陷阱 2-9-2018, https://tw.appledaily.com/headline/daily/20180209/37928659花蓮 都更 爛政客 2-9-2018)◎
★《The Economist Intelligence Unit》, UK
◎
★
Forbes , 3-5-2017, "3 Things Chinese Tourists Are Surprised To Find When They Travel Abroad To Taiwan" : "It's not very modern !", " the wealth wasn’t invested in architecture. So the cities are full of decayed apartment blocks.... the housing isn’t as good.”.◎
★《Apple Daily》Taiwan, 4-18-2017 headline news
It's the hardest ever time in Taiwan's history for citizens to buy a house ― 40% of their monthly salary is used for loan/mortgage.
◎
★《UDN》Taiwan, 7-13-2017
Nobel laureate professor Robert Shiller stated Taiwanese's 3 annoying things (1) high housing price (2) disparity between the rich and the poor (3) tech replaces human labor .
◎
★《Apple Daily》Taiwan, 7-9-2017 editorial <建築的文化殖民地>
Taiwan's architectures are nothing but cultural colony... http://www.appledaily.com.tw/realtimenews/article/new/20170708/1156471/
◎
★《China Times》,《United Daily》of Taiwan, 7-7-2017
Latest study shows rich Taiwanese ( with property more than USD30 million ) invested 39% of their money on real estate ― owned 4 houses in average, which is ranked world no.2.
◎
★《The Liberty Times》Taiwan, 2-24-2017
Keep eating nothing and drinking nothing for 33+ years to buy a new house in Taipei ! Taipei's Ratio of House Price to Income is 33.3, New Taipei city is
20.25.◎
★《IMF - International Monetary Fund》, Global Housing watch 9-12-2017
Real house prices increased over the past year / 2017:Q1, annual % change : Taiwan ranks No.42
http://www.imf.org/external/research/housing/images/housepricesaroundtheworld_lg.jpg◎
★ <CTS HD>, 5-23-2016 1:25pm, "華視新聞雜誌"
★ Amnesty International (The London-based organization), 2-25-2015
The organization concerns Taiwan’s inhabitation (housing and land) rights issues, in addition to several other issues, e.g., prison conditions, the freedom of peaceful assembly, continued use of capital punishment, and gender discrimination.
◎
★
<Lloyd's >, 9-17-2015
Lloyd's City Risk Index 2015-2025 analyses the potential impact on the economic output (GDP risk) of 301 of the world's major cities, Taipei was ranked world No.1 - within the next 10 years, Taipei is estimated to loss 45% of GDP, about USD18120 billion, 44.78% of them is for typhoons, 16.38% earthquakes, 15.77% (global) financial markets are volatile .
◎
Misery! Nearly 90% Taipei's families can't afford Taipei's house price, according to Taiwanese government's latest research "Buying house opportunity index".
★《Liberty Times》Taiwan, 1-24-2016
90% of Taiwanese landlords refuse to rent their house to the elder living alone.
★《Liberty Times》Taiwan, 8-4-2015
Keep eating and drinking nothing for 16+ years to buy a house in Taipei !
5 major cities' (Taipei, New Taipei, Taichung, Tainan, Kaohsiiung ) the Ratio of House Price to Income and house load affordability rate (
房貸負擔率) all reach new high since Taiwan's first-time survey being conducted in 2002. Besides, Taiwanese payroll (compensation level薪資) retreated, so it's even harder (higher misery index) for citizens to buy a house.Ratio of House Price to Income
(times) and house load affordability
rate (%)
of major cities in Qtr.1, 2015 : Taipei 16.16, 68.63, New Taipei City 12.78,
55.27, Taoyuan 7.17, 30.44, TaiChung 8.53,36.22 ,TaiNan 6.69, 28.42, Kaohsiung 7.88,
33.46, all these are higher than the number published in 5-12-2015.
| Asian City | the Ratio of House Price to Income |
| Hong Kong(Chn) | 17 |
| Taipei (Taiwan) | 16.16 |
| New Taipei City (Taiwan) | 13.02 |
| Tokyo(Japan) | 11.79 |
| Seoul首爾(Korea) | 7.85 |
| source: annual Demographia International Housing Affordability | |
ps:
◎
◎
Keep eating and drinking nothing for 16 years to buy a house in Taipei !Taipei's the Ratio of House Price to Income 15.73 reach top since Taiwan's first-time survey being conducted in 2002
Ratio of other cities in 4th Qtr., 2014 : New Taipei City 12.78, Taoyuan 7.11, TaiChung 8.35, TaiNan 6.54, Kaohsiung 7.72.
| Asian City | the Ratio of House Price to Income |
| Hong Kong(Chn) | 17 |
| Taipei (Taiwan) | 15.73 |
| New Taipei City (Taiwan) | 12.78 |
| Tokyo(Japan) | 11.79 |
| Seoul首爾(Korea) | 7.85 |
| source: annual Demographia International Housing Affordability | |
◎
★
The China Times, 9-21-2015Directorate General of Budget, Accounting and Statistics, Executive Yuan, R.O.C. published rankings of OECD (2015), Taiwan's environmental quality was ranked No.35 within 37 countries, Taiwan's air pollution index, particulate matter - PM10 being up to 41 ug/m3, already was ranked No. 36 for consecutively 2 years. Besides, a drinking water survey conducted by Taiwan's government last year found 57.2％ of Taiwanese complained their water smelling stinky, or/and like liquid-medicine, 54.1％ complained water containing precipitate, impurity and something else, 29.1％ complained bad taste, 22.3% complained their water with color or turbidity, 5.6％ don't even trust water quality.
◎
Taipei's High house price led to extremely low (超低) fertility rate in Taiwan.
◎
★
The China Times, CTS, SETN, etc , 4-16-2014 According to annual Demographia International Housing Affordability Survey (USA), Hong Kong (14.9) tops the Ratio of House Price to Income in the world, the 2nd highest metro city is City of Vancouver, Canada (10.3), the 3rd is S.F., USA (9.2), 4th is Sydney, Australia (9.0) . Taiwanese government just reported at April 15, 2014 that Taipei's Ratio of House Price to Income is 15.01, New Taipei city is 12.67, Taiwan's scholar (莊孟翰, Tam-kang university ) pointed out both cities should rank world No. 1 and No.3 if Demographia's survey included Taiwan. The meaning of the ratio number is how many years in average a resident of certain metro-city takes to have a house, so, a citizen of Taipei City needs to take 15.01 years without spending a penny on eating and drinking, anything, during that period to own a house. The ratio of Taipei city is 6 times larger than that of Seoul Korea.The ratio number of other Taiwan's major cities are: Pon-Ho 8.65, Tai-chung city 8.14, Hsin-Chu 7.62, Kaohsiung city 7.34, Hsin-Chu City 7.30, Hua-Lien 7.16, Kee-Lung 4.84, Pin-Tong 4.51.
◎
★
internationalliving.comWorld's best places to retire in 2015, see http://internationalliving.com/2015/01/the-best-places-to-retire-2015/ , which includes Asian countries like Malaysia, New Zealand, Thai, Phil, Vietnam, but Taiwan is not included in there.
◎
★
ECA internationalAccording to 2009 ECA int'l "the Best Place to Reside"
, Taipei ranks No.57, Asia top 3 are Singapore 、HK、Tokyo( both world No.15)。 2010 rank : Taipei No.55、 Singapore is still global No. 1.Taiwan is not be included in top 30 countries in <Travel and tourism competitiveness report> from 2011 till 2015, In 2015's report, Japan No.9, Singapore 11th, HK 13th, China No.17 ; 2011 ranking - No.10 Singapore, no.12 HK, no. 13 Australia, no. 19 New Zealand, no.22 Japan, no.32 Korea, no.35 Malaysia.
◎
★ Taiwan's National Chung Cheng university survey, 1.27.2014
Is Taiwan or Taipei a
living safety place? Low personal risk is the most important factor of criteria
by
The EIU's Liveability Ranking
( the Economist
Intelligence Unit global “liveability” study),
Monocle's Most Liveable
Cities,
Mercer Quality of Living Survey.
According to
Taiwan's National Chung
Cheng university survey (1.27.2014), nearly
70% Taiwanese people are not satisfy
Taiwan's
society
security/public order (criminal rate,"治安狀況"),
50.4% Taiwanese worry becoming next victim
in criminal/security cases("遭侵害"), which reach a
new high within recent 5 years (<Apple
Daily>, 1.27.2014).
◎
★
★
|
|
|
| pic. United Daily : Taiwanese architects protest "unequal treaty"
which benefits foreigners
|
★
PS 2: Taiwan's architecture pricing / 7-20-2017 Apple Daily
http://www.moneycontrol.com/news/business/real-estate/pricing-for-hong-kong-skyscrapers-highest-in-the-world-report-2331353.html
Knight Frank Active Capital study found :
Pricing for skyscrapers in Hong Kong has reached $8,000 per sq ft, over 60 per cent higher than tall buildings in Tokyo, where pricing is estimated at $4,900 per sq ft. Mumbai commands $600 per sq ft
Pricing No.1 HK, No.2 Tokyo, No. 3 NY, No.4 SF, No5 London, and then Sydney, Singapore, Boston, Taipei (No.9).
PS 3: Taiwan's architectural designs
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pic: The sites were ranked both
No.1, 2 ps: the top one is an ad
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pic: The sites were ranked No.1,
2 ,3 ps: the top one is an ad
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○
7/◎
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|
|
pic: The sites were ranked both
No.1,
ps: the top one is an ad
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pic: The sites were ranked No.1
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