Reported 11 months ago
The Taipei City's first funeral home, which has been in existence for 58 years, will begin demolition tomorrow (6/13). Surrounding property prices have risen by over 10% since 2021, but there has been a significant decrease in transaction volume. Real estate agents observe that the area's property prices have increased from NT$689,000 per ping to NT$769,000 per ping, with a hike of 11.7%. They point out that due to the benefits of demolition, local residents tend to hold onto assets and wait for further price increases. The analysis also shows a 45.3% drop in transaction volume from 274 transactions in 2021 to 150 in 2024, despite the 11.7% price increase. With the upcoming change in land use, property prices have reached an average of NT$700,000 per ping, causing transaction volume to plummet. The surrounding area used to consist of aged apartments with prices around NT$500,000 to 600,000 per ping. The funeral home's relocation is expected to have a significant impact on property prices in the area.
Source: YAHOO