★
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
◎
★
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.
2024-11-28:From Q1 2019 till Q3 2024, the
growth rates of
Pre-owned House (second-handed
house)
are: nation-wide 8.9%, Taipei city 5.8%, New Taipei 8.2%、TaoYuan
city 11%、HsinChu (新竹縣市)17.9%、TaiChung
city 10.1%、TaiNan city 12.9%、KaoHsiung
city 9.8%。
◎
★
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
◎
★
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.
◎
◎◎
★
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
◎
★
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 blamehigh
interest rates, the cost of housing in Taiwan's main cities is high byinternational
comparison. Inequality in Taiwan is still low compared to elsewhere, but it
hascrept
upthe
last decade.
csis.org/analysis/taiwans-2024-elections-results-and-implications
Brian HartScott Kennedy Jude Blanchette
andBonny
Lin
◎
★
United Daily (經濟日報社論), 2024-12-8:In
order to suppress Taiwan's stock market, the central bank raised the rediscount
rate (重貼現率)
from 4.5% to 7.75% which caused Taiwan's stock market to plummet 80% in
1990, and Taiwan's housing market to remain depressed until 2003. In
today, it is impossible to repeat the policies of the authoritarian era to tame
real estate prices significantly. The government may need to give up the
means of suppressing oil and electricity prices, thus forcing the central bank
to raise interest rates under the pressure of high inflation
◎
★ 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
R
oy
Ngerng
◎
★
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 tovote 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 houseschinatimes.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
◎
★
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
udn.com/news/story/7338/7883175?from=udn-catehotnews_ch2
★
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.
★
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.
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.
pic. : No.1
"comment Taiwan housing"
on Yandex Russia 2024-11-28, 2024-8-11, 2024-5-17, 2024-4-6, 2024-3-12, 2024-1-6, 2023-5-20; No.2 at 2023-12-4
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; No.4 at 2024-11-28
◎
★
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
The Least Affordable Housing Market, 2023-9-29
visualcapitalist.com/mapping-housing-market-affordability/
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
◎
★
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.
◎
★
Real Estate Asia,
2023-11-27:
Taiwan
real estate transaction volumes hit 5-year lows
Property 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 quartersmsn.com/en-xl/news/other/taiwan-real-estate-transaction-volumes-hit-5-year-lows/ar-AA1kDViQ
★
comparison
Taiwan's
cities with world metropolitan
Demographia / Major Housing Market Ranked by
Affordability, 2022 Q3
★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)
Demographia
/ Major Housing Market Ranked by Affordability 2020 Q3
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%.
Taipei now vies with Monaco for the lowest yields in the world. Taipei is not a
happy place to be a landlord. Currently, average rental yields in Taiwan hover
around 1.5%.Paradoxically Taiwan has one of the
highest home ownership rates in the world at 87%, while social housing accounts
for about 5% of households. And the trend towards home ownership is increasing.
Because of this, Taiwan's rental market is quite
small, around 8% of around nine million households.
★ Numbeo Property Prices Index by
country 2023 comparison among Asian
countries
numbeo.com/property-investment/rankings_by_country.jsp
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
★
comparison among Asia's
cities
numbeo.com/property-investment/in/Taipei
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
globalpropertyguide.com/Asia/Taiwan/price-gdp-per-cap
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.
★
《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 andunemployment.chinadaily.com.cn/a/202305/26/WS646fc82ea310b6054fad5234.html
★《
UnitedDaily
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
★
《China Times
》,
editorial ,
2023-5-21: When Tsai Ing-wen took office in 2016, the house price-to-income ratio is
9.32,
Mortgage Burdenis 38.34%，the
house price-to-income ratio in Q4 2022 is
9.61，Mortgage
Burdenis
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
★
《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
★
《
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
, 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
★
Economist, EIU, THE GLOBAL LIVEABILITY INDEX 2022
Biggest movers down the ranking in the past 12 month
Taipei (Taiwan) ranks world No. 53
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
劉明德/德國柏林自由大學政治學博士
★《
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.”
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
★
<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. chinatimes.com/opinion/20211015004819-262101?chdtv
★《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
udn.com/news/story/7338/5826401?from=udn_ch2_menu_v2_main_cate
★《
United Daily
聯合報》
, special
report, 2022-1-31:
opinion.udn.com/opinion/story/120626/6056006?form=udn_ch2_common3_cate
opinion.udn.com/opinion/story/120626/6056133?form=udn_ch2_common3_cate
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%.chinatimes.com/opinion/20211127003289-262101?chdtv
★《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
★《
Chinese Public Television
公視 》南部開講 , 2021-10-15: youtube.com/watch?v=BUQQwU4UHew
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
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
◎
★globalpropertyguide.com
House Prices/GDP per Capita in Taiwan compared to Asia
The formula is: (Price per square metre / GDP per capita)*100
《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.
udn.com/news/story/7340/5801156?from=udn-catehotnews_ch2
by 馬凱
★《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.
★◎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,
means you should save every penny of your salary, and
spend nothing for 15.29 years
to buy a house
in Taipei city
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
Taiwan's lawmakers
have close relationship with construction companies.
Now those companies have been trying to rolling up
housing price by all sort of means, the government's
measures to cap rising housing-price (such as
「預售屋納入實價登錄」、「揭露售價至門牌」、「增加查核權與罰則」etc ) won't work as long
as those lawmakers give slight influence to the issues.
(brief) https://www.chinatimes.com/opinion/20201204005012-262101?chdtv
◎
★《
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
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/
world's
most livable cities ... include
Taiwan's
?
Till 2020,
Taiwan has not been included in the top ranking list of
the world's most livable cities
EIU (Economist UK)'s
Global Liveability
Index
evaluates
stability, healthcare, culture&environment,
education, Infrastructure
★《
United Daily 聯合報》 8-8-2020
editorial: Taiwanese government most welcomes
international architecture works, but its double
standard angers local architects.
(
Chinese
text:
國際競圖原意是希望帶動台灣建築師創作力，但後來在執行面出現不少問題，最普遍的就是國外建築師不熟悉台灣歷史、地理，就把既有想法塞進來。尤其，國際競圖機制往往埋著國內建築師與國外相比的兩大不平等條約。各級政府國際競圖時，為吸引國外建築師，將設計費率提高二、三倍至百分之十三起跳，更可議的是，近年又冒出「變相國際標」，鼓勵國內建築師事務所找國外建築師設計，若獲選，設計費就可從原一般造價費的百分之四到五，略增到百分之六點二，評分總分還可加分。建築界痛批把國內建築師當「文化買辦、仲介」。)
★《
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" .
... 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 "Are Taiwan's architectures ready
for soil liquefaction ??" / 賴明煌
Those congested
area in Taiwan's western corridor along the coast, such
as 彰雲嘉南, about 20~30% of them are on high-potential
liquefaction
area......
and Taipei ――
located at high ground water level aggrading lake basin
...
◎
★《Apple
Daily》, Taiwan, 7-18-2018 According to gov. rpt., Taiwan's
vacancy rate (house) is 10.22%, the rate is too high since 2008, the normal rate
of a country should be about 5%. The ratio of House Price to Income
(Taipei) is 5.8 in 2002, 15 in 2016, which means if your annual income NT 1.6
million (about USD 55000), and don't eat anything for consecutive 15 years, thus
you can afford a new house (30 Ping, USD27000 per Ping, 1 Ping = 3.3057 sqr
feet) .
◎
★《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
Taipei ranks No. 58 in the 2018 survey "The world's most livable cities".
"The 2017 global least and most stressful
cities rankings" shows Taiwan's "gender equality" No.113, "race equality" No.
78, "green space" No. 115, "social security" No.140, "physical health"
No.15, "mental health" No. 96, "air pollution" No. 92, "noise pollution" No.110,
"Density", No. 127, "public transport" No.2, "Debt per Capita" No. 43,
etc. ref to https://www.zipjet.co.uk/2017-stressful-cities-ranking,《聯合報》, 10-3-2018
◎
★
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 .
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
★
<CTS
HD>,
5-23-2016 1:25pm,
"華視新聞雜誌"
17 million
Taiwanese people ( totally 23 million population) live in "potential danger" (潛在危險)
houses,
according to
<遠見>study,
Taiwanese people gave a "failure" score (53.5) on "living safety".
★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 .
◎
★《Liberty
Times》Taiwan, 12-19-2015
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.
The Misery Index is bit slow down - still take 15 years
without eating and drinking to buy a house in Taipei / Liberty Times 9-6-2016
◎
★《Liberty
Times》Taiwan, 5.12.2015
ps: Taipei's "the Ratio of
House Price to Income" of
Q4, 2014,
15.73, is higher than world No.1 Hong Kong's ratio 14.9 in 2014！
◎
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.
Directorate 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.
◎
★
The China Times,
10-12-2015
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.com
World'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
international
According 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 includedin 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).
◎
★
★
PS 1: Taiwan's architectural designs
★ Taiwanese architects were forced to be
"construction supervisors" instead of "designers" by the government's policy,
this finally rouse architects' angers after enduring 10 + years,
most major public architecture projects went to international architects for "unjust
treaties" made by the administration. / head-line news of The United Daily,
7-17-2017
pic. United Daily : Taiwanese architects protest "unequal treaty"
which benefits foreigners
★
PS 2: Taiwan's
architecture pricing /
7-20-2017 Apple Daily
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).
