Reported 11 months ago
Following TSMC's announcement of setting up in Kaohsiung, housing prices have surged with rumors of Nvidia, ASML, and other tech giants also planning to move in, causing first-time homebuyers to lament being 'late by 3 months, facing a price increase of nearly one million, worrying about affordability'. Despite the price surge due to tech companies entering the market, Kaohsiung's historical lower property base prices compared to New Taipei and Taichung still make it relatively inexpensive, though future development should not be underestimated. Properties near tech hubs such as the Advanced Computing Center by Nvidia in the High-Tech Park have seen significant price increases, with about a 1 to 2 thousand appreciation over just 3 months. Advice is given to prospective buyers to prepare at least 20% self-funding when purchasing, emphasizing utilizing government-backed policies for new projects, easing the burden. Furthermore, utilizing a 30-year mortgage plan could provide more flexibility in payments, particularly suited for tech sector employees with stable income and lending ability.
Source: YAHOO