Reported about 1 year ago
FTNN News Network, July 8, 2024, 5:15 AM. Despite the hot property market in Taiwan, luxury residences near Taiwan University, such as 'Kitei NTU,' saw a significant drop in value over the past 10 years, with one unit resold at 93.06 million, down from the acquisition price of 111.60 million in 2014, resulting in a loss of 18.54 million. Recent transactions in the area have all ended in losses despite the thriving property market, with the focus shifting towards smaller properties. This trend may lead to high-value properties transitioning to the market at lower prices as property taxes increase, impacting owners of multiple luxury homes who might choose to sell weaker assets and retain stronger ones.
Source: YAHOO