There has been a very lively topic about Taiwan’s real estate recently, but most of them revolve around housing prices and investment value. Today, the author takes a different approach and presents a few cold knowledge about Taiwan real estate for everyone to talk about after dinner. suggests likes, collections and saves !
01
Property rights
House in Taiwan is Permanent property rights. Without the 70-year land use rights in our mainland, houses can be inherited to future generations .
Because of this, many houses in Taiwan look very old and do not have any concept of community.
02
mortgage interest rate
Taiwan's mortgage interest rate is very low . According to public data, the interest rates of new mortgage loans in Taiwan's five major banks hit a record high in the past two years in June 2022, but the interest rate of is only just above 1.6%. Previously, the mortgage interest rate has been hovering between 1.2% and 1.5%.
Our mainland provident fund loan interest rate and commercial loan interest rate are quite different, while Taiwan uses different institutions (in fact, banks) to implement different mortgage interest rates for people of different professions. The difference is not particularly large. In essence, they are all " price discrimination against " in economics. Public officials have more advantages in terms of interest rates and application years.
Considering that banks make the difference between deposits and mortgages, if you study it further, you will know that the reason why Taiwan’s mortgage interest rate is so low is that Bank deposit interest is lower .
Taiwan Bank 2022.8.10 Announcement of deposit interest
Current interest rate is almost the same as Taiwan, but the fixed deposit interest rate mainland is much higher than Taiwan.
So next time someone yells that Taiwan's mortgage interest rate is low, you can tell the root cause.
03
loan method
apply for a mortgage loan in Taiwan, and there are three loan methods: fixed, one-stage, and segmented .
Fixed type is like the fixed interest rate in our mainland. Regardless of the market interest rate fluctuation, I will remain unmoved. The fixed interest rate will accompany you until you pay it off.
, and one-segment and segmented forms belong to the mobile interest rate , which is similar to the mainland's floating interest rate . The difference between a one-stage formula and a segmented formula is that the calculation method of increasing interest rates is different.
One-segment interest rate is calculated based on the index interest rate (similar to our LPR) plus a "fixed" increase in the amount of interest, and the same increase in the amount of interest is calculated during the repayment period.
Segmented also uses the index interest rate as the benchmark, but will calculate interest according to the time segment , and use different additional numbers to calculate interest. When drawing the relevant data into a table, it looks like a step-shaped shape, so it is also called a "stair-type mortgage".
is generally divided into two to three sections on the market. The increase interest rate increases with the repayment time, and the interest rate in the early stage is relatively low and the later stage is higher.
I made a table to give you a feel for the difference between the next paragraph and segmented :
In addition to the above three categories, there is also a special mixed fixed interest rate , that is, a fixed interest rate is executed in the first year, a fixed interest rate is slightly adjusted in the second year, and a mobile interest rate is executed in the third year...
In Taiwan, it can also exchange for lower interest rates by " transfer to loan " according to changes in the external environment. Generally speaking, credit is relatively loose.
. In terms of repayment method, you can choose equal principal or equal principal and interest , which is no different from the mainland.
04
House purchase discounts for young people
On major online real estate vertical websites in Taiwan, mortgage calculator is provided for everyone to calculate, one of which is "Qing'an Loan".
Its full name is " Youth Start a Family Home and Buying a Coupon Loan ", as the name implies, it is a housing purchase support policy for young people.
Generally speaking, it is for homeless households over 20 years old . After buying a house within 6 months after applying, you can enjoy at a minimum down payment of 20% , the highest , ml98 million NTD , the loan period is the longest 30 years, and contains a grace period of 3 years .
Here we focus on this grace period. You only need to repay the interest during the grace period, and you don’t need to repay the principal .
For young people who don’t have much savings after paying the down payment, the pressure to repay the loan in the early stage of the loan has been greatly reduced, but the principal of the mortgage will be concentrated on the remaining loan period.
So whether this grace period is required shall be decided by the buyer according to his or her own situation.
August 2022 latest "Qing'an Loan" execution interest rate
05
Property tax
, which is difficult for our mainland to launch, has been levied in Taiwan for decades, and is an important source of finance and taxation in various counties and cities.
Everyone should understand that property tax is not equivalent to real estate tax. Real estate tax is actually a kind of stock and property tax levied on the housing retention stage.
In Taiwan, in addition to generally recognized houses, it also contains buildings fixed on the land, such as rooftops, garages, mezzanine houses, etc., which have improved building items for residential, work, and business use. Even if the building is illegally illegal without a license, property tax will still be paid.
Property tax and fee formula: Taxable amount = Current value of house tax × tax rate .
House tax present value =Certified unit price × area × (1-depreciation rate × depreciation years) × house street level adjustment rate (road section rate) .
Basically, the larger the square footage, the newer the house age, the better the location, the higher the floor, and the better the building materials, the higher the current assessment value will be. The specific value can be checked from the tax collection authority of the location of the house.
By the way, Taiwan's 1 ping ≈ 3.3㎡ of mainland China. If the exchange rate of between the RMB and the New Taiwan Dollar is included, roughly, the housing price in Taiwan is 300,000 NTD/ping, which is equivalent to the housing price in mainland China of 20,000 RMB/㎡.
Tax rate , depending on the actual use of the house, whether the house is self-occupied or not, it will affect the tax rate.
The current tax rate for self-occupied is 1.2%, non-self-occupied 1.5%-3.6%, non-residential non-business 1.5%-2.5%, and non-residential non-business 3%-5%.
own living 1.2% tax rate must meet three conditions: 1. The house is not for rent. 2. For actual residence of the person, spouse or immediate family. 3. The person, spouse and minor children are within three households in Taiwan.
Moreover, Taiwan property tax is levied on a monthly basis by .
It sounds like this very scary. If you keep paying money in the maintenance process, who will buy a house?
But in fact, Taiwan also has factors such as mortgage interest deduction and deposit interest reversal in terms of real estate tax. At present, the maximum deduction for Taiwan's mortgage interest rate can reach 300,000 taxes.
06
regulating policy to crack down on housing speculation
Just like when our real estate in mainland China was at its peak, there were " tea and water fees " and " number selling " phenomena, the most popular places in Taiwan (such as Hsinchu and Zhubei) are hard to find a house, and various industry chaos will also occur.
is a typical example of "red order transfer", which means that the related household signs the subscription order in advance, and then transfers at an extra price. When the market is good, a red order can make a net profit of more than 200,000 yuan with just a transfer.
and even developers will choose to legally publicly breach the contract. When housing prices are rising well, they would rather compensate the liquidated damages for the buyers who signed the contract before, than take the house back and sell it at a higher price, because the price difference here is really tempting.
In response to this real estate chaos with Taiwan characteristics, of course, some regulation policies have been introduced .
In June 2011, Taiwan added luxury tax . For speculative behaviors in short-term resale, will be charged 15% within 21 years and 10% within 2 years.
For example, in the first quarter of 2022, the " 5 tricks to beat houses " was introduced to curb housing speculation. prohibits pre-sale houses for about for resale (i.e. "red order transfer" is prohibited), restricts companies from purchasing residential houses, fines up to NT$50 million for real estate speculators, and even sentences 3 years in prison, and establishes a reporting bonus system to strengthen mutual supervision.
There are many regulatory methods here, which are of positive significance for suppressing hype in the short term and will not cause a critical blow to the real estate industry. It is worth learning from.
07
Mainland people buy houses
The last content is that the author has seen that many marketing accounts have been advocating to invest in Taiwan recently. We do not make future assumptions, just as the current rules.
Although Taiwan allows mainlanders to buy houses, it also sets up many obstacles . There are several items to briefly sort out:
- purchase restricted : Mainland people restricted to purchase one set of , and buying a house in a single area shall not exceed 10% of the total.
- restricted : The house you bought is not allowed to be sold for within 33 years.
- Limited loan : Mainland people think that the maximum loan is 50%, and few banks in accept . Basically, they require full payment to buy a house
- Limited rent : The house bought by mainlanders can only be owned or stored, cannot be rented for .
At the same time, a single house can only be registered in in 1 person . There are many requirements for the identity and occupation of the buyer . If you don’t explain it in detail, you know.
So many marketing accounts sent to Taiwan to invest in real estate, but they simply didn’t understand the most basic policies.
Due to space, today I will bring you 7 cold knowledge about Taiwan real estate, and more content will not be expanded.
What questions do you have about Taiwan real estate, or what information do you have? Please see in the message area.
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