Reported about 1 year ago
Taipei City's small-sized property prices are rising sharply, with councilors criticizing the 'New Taipei' policy as the catalyst for the disproportionate surge in house prices. Due to the influx of population and the dual ignition of 'New Taipei,' the current per ping price of new cases in prime areas is approaching that of Banqiao and Sanchong in New Taipei. Councilor Chen Wen-zheng stated that the reckless promotion of the 'New Taipei' project has resulted in a stagnation of Taipei's 40 million housing loan threshold for 10 years, leading to smaller and more expensive new housing units and making it impossible for home swappers, causing Taipei's housing prices to soar disproportionately.
Source: YAHOO