Last night, Speaker of the US House of Representatives Pelosi ignored China's repeated solemn warnings and insisted on visiting Taiwan, China. Under her provocation, the Chinese People's Liberation Army has carried out a series of military exercises around Taiwan Island.
It can be said that the situation in the Taiwan Strait is becoming increasingly tense.
Taking this opportunity, the director paid attention to Taiwan's real estate market and found that buying a house in Taiwan after reunification is also a good choice. After all, houses in Taiwan are still much cheaper than those in Hong Kong!
Current status of Taiwan's property market
Taiwan Province can be roughly divided into four major regions: Taipei, Taichung , Tainan , and Taitung . It can be roughly divided into three economic circles: Taipei Economic Circle, Taichung Economic Circle, and Tainan Economic Circle.
There are 6 important cities in these three major economic circles, namely New Taipei , Taipei, Taoyuan, Taichung, Kaohsiung , and Tainan. If you want to buy a house, you can choose from these 6 cities.
So what are the housing prices in Taiwan now?
In the third quarter of last year, the average property price in Taiwan was NT$11.545 million , which is about HK$3.24 million when converted into Hong Kong dollars.
In other words, you can buy a suite with more than 3 million yuan. How big is the area?
is about 42.9 square feet (1 square meter in Taiwan is equal to 3.3 square meters) , more than 1,400 feet, more than 140 square meters.
Calculated in this way, a house in Taiwan is about 2,300 Hong Kong dollars per square foot (of course this is an average figure, and it varies greatly in different cities) . The price per square foot in the urban area of Hong Kong is about HK$20,000, a price difference of nearly 10 times.
This is much cheaper than Hong Kong!
is cheap. How is the housing price in Taiwan?
In the past 10 years, Taiwan's housing prices have increased by nearly 50%, especially in recent years. The increase has been significant. In 2021, the average annual increase in Taiwan's six major cities was 11%. Director
estimates that housing prices in Taiwan still have room for growth.
The price is cheap and there is still room for growth. What about the loan situation?
In Taiwan, if you want to buy a new building, you can borrow up to 80% from the bank. If you want to buy a second-hand building, it will be affected by the age of the building. You can only borrow about 70%. The repayment period is generally 30 years. The interest rate is about 1.5%-1.7%.
In other words, you can buy a house in Taiwan with a down payment of more than 600,000 .
But now Taiwan requires that non-Taiwanese people need a 50% down payment to buy a property.
Of course, after unification, there should be no distinction between them!
However, Taiwan is not small in area. Where should I buy it? Where to buy
?
Director has already said at the beginning that there are 6 important cities in Taiwan: New Taipei, Taipei, Taoyuan, Taichung, Kaohsiung, and Tainan.
If you want to buy, it’s best to choose from these 6. Let’s analyze them one by one.
. Taipei
Recommendation index: Not recommended
Taipei is the city with the highest housing prices in Taiwan. New houses have reached 88,000 Hong Kong dollars per square meter, and second-hand houses are about 73,000 Hong Kong dollars per square meter.
housing prices are lower than other cities in Taiwan.
House prices in Taipei are high, but rents are not high. Relatively speaking, the return on investment is poor.
Moreover, the houses in Taipei are very old, 7% of the houses are more than 30 years old.
Taipei’s development is also close to saturation. There is no spare open space for development. If you want to build new buildings, you have to demolish them, but demolition is too difficult.
The supply of new buildings is small, housing prices are too high, and rental returns are poor. Directors do not recommend Taipei.
. New Taipei
recommendation index: ★★★★
The property price of in New Taipei City is about 40,000 Hong Kong dollars/square meter , which is much cheaper than Taipei. In Taiwan Province, it is considered the second gradient.
New Taipei City is like the New Territories area of Hong Kong. Many places are accessible by subway, and the transportation is convenient. It also has the advantages of dual seaports (Taipei Port, Keelung Port), and dual airports (Taoyuan International Airport, Songshan Airport). It has great development potential. It ranks first in economic power with Taipei City, but property prices are lower than Taipei.
Affected by the subway construction project, housing prices in New Taipei have increased significantly in the past two years!
. Taoyuan
recommendation index: ★★★
Taoyuan is now about 22,000 Hong Kong dollars per square meter , which is almost the cheapest among the 6 cities.
However, Taoyuan's development potential is limited, and due to the cold wave in winter, the temperature is relatively low, so it may not be as livable as other cities.
. Kaohsiung
Recommendation index: ★★
Kaohsiung is the economic center of southern Taiwan Province and has always been the second largest city in Taiwan. It has strong economic strength, but the housing price is much lower than that of Taipei, 24,000 Hong Kong dollars per square meter.
However, Kaohsiung and Taipei have the same problem. They developed earlier and the urban areas are older. Most of them are old buildings that are more than 30 years old, and it is difficult to demolish them.
Moreover, Kaohsiung is relatively far from the mainland, and it is not very convenient to travel back and forth.
. Taichung
Recommendation index: ★★★★
Taichung City’s population continues to increase, and there is room for growth. It has also established a scientific industrial park and has strong scientific research capabilities.
The tourism industry is also very developed, and it is a very popular area among mainlanders.
Housing prices in Taichung are also very cheap, is nearly 30,000 Hong Kong dollars per square meter.
Moreover, Taichung has developed relatively late, has huge room for development, and has potential for growth in the future.
. Tainan
Recommendation index: Not recommended
The housing prices in Tainan are similar to those in Taoyuan, both at around HKD 22,000 per square meter.
However, Tainan is a small city, has no subway, and the transportation is not convenient enough.
In short, the director of believes that Taichung and New Taipei are good choices. After unification, everyone can consider buying them.
Finally, let me ask you, will you buy a house in Taiwan?
*The images and videos come from the Internet. This article is original by the Hong Kong Housing Research Institute. For reprinting, please contact the Hong Kong Housing Research Institute WeChat official account (ID: fanginhk).
. New Taipei
recommendation index: ★★★★
The property price of in New Taipei City is about 40,000 Hong Kong dollars/square meter , which is much cheaper than Taipei. In Taiwan Province, it is considered the second gradient.
New Taipei City is like the New Territories area of Hong Kong. Many places are accessible by subway, and the transportation is convenient. It also has the advantages of dual seaports (Taipei Port, Keelung Port), and dual airports (Taoyuan International Airport, Songshan Airport). It has great development potential. It ranks first in economic power with Taipei City, but property prices are lower than Taipei.
Affected by the subway construction project, housing prices in New Taipei have increased significantly in the past two years!
. Taoyuan
recommendation index: ★★★
Taoyuan is now about 22,000 Hong Kong dollars per square meter , which is almost the cheapest among the 6 cities.
However, Taoyuan's development potential is limited, and due to the cold wave in winter, the temperature is relatively low, so it may not be as livable as other cities.
. Kaohsiung
Recommendation index: ★★
Kaohsiung is the economic center of southern Taiwan Province and has always been the second largest city in Taiwan. It has strong economic strength, but the housing price is much lower than that of Taipei, 24,000 Hong Kong dollars per square meter.
However, Kaohsiung and Taipei have the same problem. They developed earlier and the urban areas are older. Most of them are old buildings that are more than 30 years old, and it is difficult to demolish them.
Moreover, Kaohsiung is relatively far from the mainland, and it is not very convenient to travel back and forth.
. Taichung
Recommendation index: ★★★★
Taichung City’s population continues to increase, and there is room for growth. It has also established a scientific industrial park and has strong scientific research capabilities.
The tourism industry is also very developed, and it is a very popular area among mainlanders.
Housing prices in Taichung are also very cheap, is nearly 30,000 Hong Kong dollars per square meter.
Moreover, Taichung has developed relatively late, has huge room for development, and has potential for growth in the future.
. Tainan
Recommendation index: Not recommended
The housing prices in Tainan are similar to those in Taoyuan, both at around HKD 22,000 per square meter.
However, Tainan is a small city, has no subway, and the transportation is not convenient enough.
In short, the director of believes that Taichung and New Taipei are good choices. After unification, everyone can consider buying them.
Finally, let me ask you, will you buy a house in Taiwan?
*The images and videos come from the Internet. This article is original by the Hong Kong Housing Research Institute. For reprinting, please contact the Hong Kong Housing Research Institute WeChat official account (ID: fanginhk).
