Reported 12 months ago
In the first half of the year, the housing market in Taiwan was active, with a record number of property transfers in Tainan after its upgrade. The total number of property transfers in June across the six major cities was 24,000, an increase of 17% compared to the previous year. Tainan stood out with a significant increase of over 40%, marking the highest in 14 years. Factors contributing to this trend include the Nanke effect, increased buying interest due to government initiatives like Xin Qing'an, a new high in the stock market, and anticipation of inflation and property tax changes. Experts are uncertain if the market activity will continue in the second half of the year, as credit controls by the central bank, stricter monitoring of Xin Qing'an applications, and the implementation of a property hoarding tax may impact buyer enthusiasm.
Source: YAHOO