Reported about 1 year ago
The real estate market in Taiwan is currently experiencing high demand, with both existing homes and pre-sale properties in short supply. Sinyi Realty's Director of Sales Lin Wei-che describes the current market with the term 'FOMO' (Fear of Missing Out), emphasizing the appeal of pre-sale properties due to considerations of safety, health, lower down payment thresholds, and a wider range of options. However, consumers are advised to be cautious due to risks such as waiting periods, unknown factors post-purchase, and potential discrepancies between the actual space and expectations. Factors such as government policies, stock market performance, and high-profile developments have contributed to the frenzy in the pre-sale market. Lin also explains that the 'FOMO' mentality is driving many to purchase out of fear of missing out, ultimately contributing to the current overheated market.
Source: YAHOO