Taiwanese Housing   -  high real estate price

                    
   world No.1 rankings :   2020~25,  2017~19,  2016 2015,  2014,  2013 2010~12         Top rankings since 1998    
 
 


fights for rights


home   TW  OP  tour  hospitals  restaurants  night-markets  love  personality  women  speech  corruption  rotten  Taiwan  mental-control  privacy  fraud  judiciary  police  net-army  univ  foreign-labor  death penalty  prosecutors  pres. Tsai  president Lai  happiness  housing  democracy  diplomacy  prostitutes  massage  soft power   human-rights   intl-Human rights  judicial-persecution  oppression  trans-justice  microwave-attacks 

《 United Daily 聯合報》 4-12-2019 headline news -  Lancet Planetary Health (April 10, '19): "The 4th worst for rate of kids getting Asthma from traffic air pollution" 中國時報 China Times》, Taiwan,  4-12-2019 : the government was criticized that lacking intention to improve air pollution.

 

《 United Daily 聯合報》 9-6-2019:  "the root of all evil - high real estate price", Taiwanese politicians kept trying to earn sudden huge profits by their secret weapons - distorting tax rates, land-value assessing,    changing land category, and wrongly using political power (在稅率、估價上,行種種遷就現實的扭曲,成為炒作地價法寶,配合變更地目千倍差價,借助公權力圖謀暴利,乃成大小政客的聚寶盆 ... / 馬凱)

Apple Daily 蘋果日報》, 9-28-2019:  "the root of all evil", the biggest injustice : land trades ( 台灣萬惡之源、台灣最大的不公不義: 土地交易... 很多避稅手段) , in the past decades, the richest Taiwanese earned huge fortune by land-trades.

《United Daily 》Taiwan,  7-2-2019   The Implementation of registering the "Actual Selling Price" of Taiwan's houses is still just a "gossip", giving little influence to the transparency of Taiwan's real estate price.

 

Apple Daily》, Taiwan,  4-3-2019  It's difficult for people earning less than NT one million (USD33 thousands) per year to buy a house in Taipei city.

 

《United Daily 》Taiwan,  8-26-2019,  headline news   "can't afford buying a house, salary remains, no solutions yet  since 1989"

 

China Times》, Taiwan,  4-11-2019  Home ownership scheme to slow down "fewer babies born" .

 

  <SETN, Taiwan, 三立新聞網>, 1-30-2019  "Chinese tourists :How lousy is Taiwan's housing ! (台灣人住好差) "
       

         
... Many Taiwanese live upstairs above loudly and messy night markets, even dirty traditional wet markets, most Taiwanese live not in a community with parking lots,  parks, and environmental greening designs,  it's, overall dirty and messy ! (「整個很髒亂」), very bad quality of living, very similar to backward towns in communist China.

  <The New York Times>, 2-27-2018

     Taiwanese are "in a near panic" over shortage of tissue paper, which highlights high price sensitivity, Taiwanese wages stagnated for years, but housing prices went up. (brief)

Apple Daily》, Taiwan,  9-23-2018
       
"Are Taiwan's architectures ready for soil liquefaction ??"   /  賴明煌
         
Those congested area in Taiwan's western corridor along the coast, such as 彰雲嘉南, about 20~30% of them are on high-potential liquefaction area...... and Taipei ――  located at high ground water level aggrading lake basin ...

Apple Daily》, Taiwan,  7-18-2018
        According to gov. rpt., Taiwan's vacancy rate (house) is 10.22%, the rate is too high since 2008, the normal rate of a country should be about 5%.  The ratio of House Price to Income (Taipei) is 5.8 in 2002, 15 in 2016, which means if your annual income NT 1.6 million (about USD 55000), and don't eat anything for consecutive 15 years, thus you can afford a new house (30 Ping, USD27000 per Ping, 1 Ping = 3.3057 sqr feet) .

《UDNApple Daily》Taiwan,  2-8-2018  The government has not well taken its fundamental responsibility of protecting the safety of people's life and property - why are there so many tall buildings located on the fault-zone? why are poor architectures everywhere on bad geologic grounds ? why are those shit-hole politicians doing nothing and ignoring urban renewal so as to risk millions of old houses and human beings? (ps: may face death in 6 magnitude quake)    (full text: https://udn.com/news/story/11321/2974813 聯合報社論/斷層帶上何以建了那麼多高樓?  2-8-2018,  https://udn.com/news/story/7338/2977079 勿讓軟腳樓成坑殺人命陷阱 2-9-2018,  https://tw.appledaily.com/headline/daily/20180209/37928659花蓮 都更 爛政客   2-9-2018)

《The Economist Intelligence Unit》, UK
     
Taipei ranks No. 58 in the 2018 survey "The world's most livable cities".  
       "The 2017 global least and most stressful cities rankings" shows Taiwan's "gender equality" No.113, "race equality" No. 78, "green space" No. 115, "social security" No.140,  "physical health" No.15, "mental health" No. 96, "air pollution" No. 92, "noise pollution" No.110,  "Density", No. 127, "public transport" No.2,  "Debt per Capita" No. 43, etc.  ref to https://www.zipjet.co.uk/2017-stressful-cities-ranking
,《聯合報》, 10-3-2018

 Forbes , 3-5-2017,  "3 Things Chinese Tourists Are Surprised To Find When They Travel Abroad To Taiwan" : "It's not very modern !",  " the wealth wasn’t invested in architecture.   So the cities are full of decayed apartment blocks.... the housing isn’t as good.”. 

Apple Daily》Taiwan,  4-18-2017   headline news

        It's the hardest ever time in Taiwan's history for citizens to buy a house ―  40% of their monthly salary is used for loan/mortgage.

《UDN》Taiwan,  7-13-2017  

        Nobel laureate professor Robert Shiller stated Taiwanese's 3 annoying things (1) high housing price  (2) disparity  between the rich and the poor  (3) tech replaces human labor .

Apple Daily》Taiwan,  7-9-2017   editorial  <建築的文化殖民地>

       Taiwan's architectures are nothing but cultural colony...  http://www.appledaily.com.tw/realtimenews/article/new/20170708/1156471/

China Times》,《United Daily》of Taiwan,  7-7-2017  

        Latest study shows rich Taiwanese ( with property more than USD30 million ) invested 39% of their money on real estate ― owned 4 houses in average,  which is ranked world no.2.

《The Liberty Times》Taiwan, 2-24-2017  

        Keep eating nothing and drinking nothing for 33+ years to buy a new house in Taipei !    Taipei's  Ratio of House Price to Income  is 33.3, New Taipei city is 20.25.

《IMF - International Monetary Fund, Global Housing watch 9-12-2017  

        Real house prices increased over the past year / 2017:Q1, annual % change : Taiwan ranks No.42  http://www.imf.org/external/research/housing/images/housepricesaroundtheworld_lg.jpg

<CTS HD>, 5-23-2016 1:25pm, "華視新聞雜誌"
  
    17 million Taiwanese people ( totally 23 million population) live in "potential danger" (潛在危險) houses, according to <遠見>study, Taiwanese people gave a "failure" score (53.5) on "living safety".

 

 Amnesty International (The London-based organization), 2-25-2015

The organization concerns Taiwan’s inhabitation (housing and land) rights issues, in addition to several other issues, e.g., prison conditions, the freedom of peaceful assembly, continued use of capital punishment, and gender discrimination.


<Lloyd's >, 9-17-2015

 Lloyd's City Risk Index 2015-2025 analyses the potential impact on the economic output (GDP risk) of 301 of the world's major cities, Taipei was ranked world No.1 - within the next 10 years, Taipei is estimated to loss 45% of GDP, about USD18120 billion, 44.78% of them is for typhoons, 16.38% earthquakes, 15.77% (global) financial markets are volatile .  


Liberty Times》Taiwan, 12-19-2015

 

Misery!  Nearly 90% Taipei's families can't afford Taipei's house price, according to Taiwanese government's latest research "Buying house opportunity index".

 

Liberty Times》Taiwan, 1-24-2016

 

    90% of Taiwanese landlords refuse to rent their house to the elder living alone.

 

Liberty Times》Taiwan, 8-4-2015

Keep eating and drinking nothing for 16+ years to buy a house in Taipei !

5 major cities' (Taipei, New Taipei, Taichung, Tainan, Kaohsiiung ) the Ratio of House Price to Income and house load affordability rate (房貸負擔率) all reach new high since Taiwan's first-time survey being conducted in 2002.  Besides, Taiwanese payroll (compensation level薪資) retreated, so it's even harder (higher misery index) for citizens to buy a house.

Ratio of House Price to Income (times) and house load affordability rate (%) of major cities in Qtr.1, 2015 : Taipei 16.16, 68.63,  New Taipei City 12.78, 55.27, Taoyuan 7.17, 30.44, TaiChung 8.53,36.22 ,TaiNan 6.69, 28.42, Kaohsiung 7.88, 33.46, all these are higher than the number published in 5-12-2015.

Asian City  the Ratio of House Price to Income
Hong Kong(Chn) 17
Taipei (Taiwan) 16.16
New Taipei City (Taiwan) 13.02
Tokyo(Japan) 11.79
Seoul首爾(Korea) 7.85
source: annual Demographia International Housing Affordability


ps:
The Misery Index is bit slow down - still take 15 years without eating and drinking to buy a house in Taipei / Liberty Times 9-6-2016

 


《Liberty Times》Taiwan, 5.12.2015 
           ps: Taipei's "the Ratio of House Price to Income" of Q4, 2014, 15.73, is higher than world No.1 Hong Kong's ratio 14.9 in 2014!

 Keep eating and drinking nothing for 16 years to buy a house in Taipei !

Taipei's the Ratio of House Price to Income 15.73 reach top since Taiwan's first-time survey being conducted in 2002

Ratio of other cities in 4th Qtr., 2014 :  New Taipei City 12.78, Taoyuan 7.11, TaiChung 8.35, TaiNan 6.54, Kaohsiung 7.72.
 

Asian City  the Ratio of House Price to Income
Hong Kong(Chn) 17
Taipei (Taiwan) 15.73
New Taipei City (Taiwan) 12.78
Tokyo(Japan) 11.79
Seoul首爾(Korea) 7.85
source: annual Demographia International Housing Affordability

The China Times, 9-21-2015

        Directorate General of Budget, Accounting and Statistics, Executive Yuan, R.O.C.  published rankings of OECD (2015), Taiwan's environmental quality was ranked No.35 within 37 countries, Taiwan's air pollution index, particulate matter - PM10 being up to 41 ug/m3, already was ranked No. 36 for consecutively 2 years.   Besides, a drinking water survey conducted by Taiwan's government last year found 57.2% of Taiwanese complained their water smelling stinky, or/and like liquid-medicine, 54.1% complained water containing precipitate, impurity and something else, 29.1% complained bad taste,  22.3% complained their water with color or turbidity,  5.6% don't even trust water quality.


The China Times, 10-12-2015

        Taipei's High house price led to extremely low (超低) fertility rate in Taiwan.

The China Times, CTS, SETN, etc ,  4-16-2014

According to annual Demographia International Housing Affordability Survey (USA), Hong Kong (14.9) tops the Ratio of House Price to Income in the world, the 2nd highest metro city is City of Vancouver, Canada (10.3), the 3rd is S.F., USA (9.2), 4th is Sydney, Australia (9.0) .

Taiwanese government just reported at April 15, 2014 that Taipei's Ratio of House Price to Income is 15.01, New Taipei city is 12.67, Taiwan's scholar (莊孟翰, Tam-kang university ) pointed out both cities should rank world No. 1 and No.3 if  Demographia's survey included Taiwan.    The meaning of the ratio number is how many years in average a resident of certain metro-city takes to have a house, so, a citizen of Taipei City needs to take 15.01 years without spending a penny on eating and drinking, anything, during that period to own a house.   The ratio of Taipei city is 6 times larger than that of Seoul Korea.

The ratio number of other Taiwan's major cities are: Pon-Ho 8.65, Tai-chung city 8.14, Hsin-Chu 7.62,  Kaohsiung city 7.34,  Hsin-Chu City 7.30, Hua-Lien 7.16, Kee-Lung 4.84, Pin-Tong 4.51.

internationalliving.com  

       World's best places to retire in 2015, see  http://internationalliving.com/2015/01/the-best-places-to-retire-2015/   , which includes Asian countries like Malaysia, New Zealand, Thai, Phil, Vietnam, but Taiwan is not included in there.

  ECA international

     According to 2009 ECA int'l "the Best Place to Reside", Taipei ranks No.57,  Asia top 3 are Singapore 、HK、Tokyo( both world No.15)。  2010 rank :  Taipei No.55、 Singapore is still global No. 1.

    Taiwan is not be included in top 30 countries in <Travel and tourism competitiveness report> from 2011 till 2015, In 2015's report, Japan No.9, Singapore 11th, HK 13th,  China No.17 ; 2011 ranking - No.10 Singapore, no.12 HK, no. 13 Australia, no. 19 New Zealand, no.22 Japan, no.32 Korea, no.35 Malaysia.

Taiwan's National Chung Cheng university survey, 1.27.2014

Is Taiwan or Taipei a living safety place? Low personal risk is the most important factor of criteria by The EIU's Liveability Ranking ( the Economist Intelligence Unit global “liveability” study), Monocle's Most Liveable Cities, Mercer Quality of Living Survey.  According to Taiwan's National Chung Cheng university survey (1.27.2014), nearly 70% Taiwanese people are not satisfy Taiwan's society security/public order (criminal rate,"治安狀況"), 50.4% Taiwanese worry becoming next victim in criminal/security cases("遭侵害"), which reach a new high within recent 5 years (<Apple Daily>, 1.27.2014). 


  PS 1:  Taiwan's architectural designs

  ★ Taiwanese architects were forced to be "construction supervisors" instead of "designers" by the government's policy,  this  finally rouse architects' angers after enduring 10 + years,  most major public architecture projects went to international architects for "unjust treaties" made by the administration. / head-line news of The United Daily, 7-17-2017

 

  PS 2:    Taiwan's architecture pricing  /  7-20-2017   Apple Daily

       http://www.moneycontrol.com/news/business/real-estate/pricing-for-hong-kong-skyscrapers-highest-in-the-world-report-2331353.html

       Knight Frank Active Capital study found :  

       Pricing for skyscrapers in Hong Kong has reached $8,000 per sq ft, over 60 per cent higher than tall buildings in Tokyo, where pricing is estimated at $4,900 per sq ft. Mumbai commands $600 per sq ft

       Pricing No.1 HK, No.2  Tokyo,  No. 3  NY, No.4 SF, No5 London, and then  Sydney, Singapore, Boston, Taipei (No.9).

 

     click for stories after 2020