Reported about 1 year ago
The Central Bank's Board of Directors meeting caused a stir even before it took place, focusing on how to curb rising house prices. Market insiders indicate that not only have house prices increased, but rental prices have also seen a considerable rise in recent years. Based on actual transaction records, residential rental unit prices in the seven major metropolitan areas have all risen since the beginning of this year, with Taipei and Hsinchu nearing a 10% increase, and Taoyuan exceeding 10%. This phenomenon indicates the increasing pressure on tenants due to factors such as inflation, rising property holding costs, and the transfer effects of government subsidy policies, surpassing the pressure on home buyers. Statistics show that the average rental unit price for a residential property in Taipei this year has surpassed NT$1,500 per ping, with a 10-ping studio apartment costing more than NT$15,000 and a 25-ping house nearing NT$40,000 in rent. The recent findings from the Directorate-General of Budget, Accounting, and Statistics show that the rental index skyrocketed by 2.6% in May, the highest increase in a single month in nearly 28 years. This increase in rental prices is expanding, with 21 out of the past 24 months exceeding a 2% increase, highlighting the growing rental price hikes.
Source: YAHOO