Reported about 1 year ago
Recently, there has been a frenzy in Taiwan's real estate market with examples of new properties being sold out in a day, long queues, lotteries, and rapid price increases. The demand for homes has spread from presale properties to the second-hand market, causing prices to skyrocket and properties to be sold within hours. Experts express astonishment at the unprecedented level of confidence among buyers. Data shows a record-breaking number of property transactions in the past months, with a significant increase in sales volume compared to recent years. The escalating situation has led to the implementation of credit control measures by the central bank in an attempt to address the surging housing market.
Source: YAHOO