Reported 11 months ago
Amid the bustling real estate market in Taiwan, the high prices of pre-owned homes have led to a surge in demand for new developments, according to housing expert He Shichang. Despite government measures to curb speculation, housing prices and transaction volumes remain robust, with May transactions in the six major cities reaching a record high. He points out exorbitant prices, citing examples like a 41-year-old 2-bedroom unit in Taipei selling for approximately $89.8 million, emphasizing that many older properties are priced higher than new developments. He questions the rationale behind these high prices and warns buyers to be cautious, suggesting that emotional attachment often leads owners to overvalue their properties. Consequently, many potential buyers are turning to new projects instead of haunted-by-the-price 'ghost houses.'
Source: YAHOO