Reported 8 months ago
Not only are presale homes in high demand, but the secondary housing market is also facing a shortage. The real estate frenzy is evident from the balance of housing loans, which saw a historic high of over 105 billion yuan by December, with extreme fluctuations. Professionals and investors describe the current Taiwanese real estate market as the wildest ever, with a rush of buyers including first-time homebuyers and investors. Experts like investment columnist Yan Bozhi are baffled by the current craze and recommend selling weak properties now while prices are high, warning buyers to be cautious about choosing the right area amidst the heated market.
Source: YAHOO