Reported 12 months ago
The Control Yuan recently launched an investigation into the fault line running through New Taipei's Wugu Zhaoyi Yang and Yanziyang redevelopment areas, sparking discussions. Real estate industry professionals believe that property prices will not decrease significantly due to high demand in the greater Taipei area. The fault line is characterized as a normal fault, with only a 6% probability of experiencing a magnitude 7 earthquake in the next 50 years, indicating a low chance of a major quake occurring and reassuring the public. However, experts expressed differing opinions on the risks posed by the fault line, with concerns over the seismic resilience of old buildings in the densely populated area. The investigation by the Control Yuan has impacted property purchasing sentiment in the two major redevelopment areas, but experts believe that prices will remain stable.
Source: YAHOO