Reported 7 months ago
The housing market in North Taiwan is heating up rapidly, with pre-sale project sales reaching nearly 150 billion in May, a 192.9% year-on-year increase. This surge is attributed to last year's lower comparison base due to average land rights restrictions. The market indicator, 'Wind Indicator,' switched to a yellow-red light in May, signaling increased activity. With various large-scale projects driving the market, including 'RiVER PARK' in New Taipei City's Sanchong District and others, developers are capitalizing on the high demand to avoid rumors of market cooling and plan to seize opportunities. The strong market demand has led to successful sales at non-negotiable prices and increased buyer confidence, especially in new home projects following the policy adjustments, indicating a robust market outlook in North Taiwan.
Source: YAHOO