Taiwan's Housing      this site's world No. 1 in   2020~21,  2017~19, 201620152014, 20132010~12          Top rankings since 1998            
       

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Taiwan

                           Taiwan house

 ugly, but more expensive than Japan Tokyo's

 China Times (中國時報) , 2021-4-18, opinion: The crucial reason that young couples are not willing to and do not dare to have baby is high housing price.  The legislative measure "tax version 2.0 (房地合一稅2.0)" was once called "nuclear bomb to high housing price", but actually promoted the price of pre-sold house and newly built house in Northern Taiwan (北台灣第一季新成屋、預售屋平均成交價全面走揚,基隆、新竹改寫歷史新高價,台北、新北及桃園則創下反彈以來最高點,北市每坪均價更暌違5年重返9字頭)。The point is driving interest rate down leads to higher housing price.   chinatimes.com/opinion/20210417003637-262101?chdtv


  finance.yahoo , 12-30-2020, (finance.yahoo.com/news/retire-taiwan-costs-visas-more-215449948.html), SmartAsset  (smartasset.com/retirement/retire-in-taiwan

       purchasing an apartment in Taiwan, is significantly more expensive than in the U.S. An apartment in a city center in the U.S. will cost an average of $292 per square foot, according to Numbeo. In Taiwan, it costs an average of $761 per square foot to purchase an apartment in a city center.   When it comes to renting, Taiwan is still significantly cheaper than in the U.S. In the average city center in America, a one-bedroom apartment costs an average of $1,346 per month. In Taiwan, the same apartment costs about $485 per month. If you were to choose a three-bedroom apartment, it would cost $2,156 in the U.S. and $1,132 in Taiwan.

《SETN news》,  1-1-2021 :

Ratio of house price to income The "Ratio of house price to income" (Q3, 2020)
rises again !
 

"Ratio of house price to income" of Taipei, 15.29,
means you should save every penny of your salary, and
spend nothing for 15.29 years
 to buy a house
in Taipei city

 Taiwan 9.19
Taipei (Taiwan) 15.29
New Taipei City (Taiwan) 12.16
Tai-Chung 9+
Chang-Hua 9+

《United Daily - Economy Daily》editorial,  Dec. 7, 2020 : https://udn.com/news/story/7338/5071620

Ratio of house price to income Low interest rate environment is core factor to
drive Taiwan's housing price higher and higher

 

The

"Ratio of house price to income" of Taipei, 14.39,
means you should eat & drink nothing for 14.39 years
 to buy a house
in Taipei
 Taiwan 8.66
Taipei (Taiwan) 14.39
Kao-hsiung (Taiwan) 7.27
Tokyo (Japan) 5
Singapore 4.5

《 SET i News》 Dec. 4, 2020 :

world top 5  -  House price grows % world top 3  -  office & commercial building  rent grows % 
No. 1 Taipei Taiwan (台北) 3.4% No.1    Ho Chi Minh City, Vietnam (胡志明) 1.0%
No. 2 Seoul Korea (首爾) 2.3% No.2 Taipei  (台北) 0.6%
No.3 Ho Chi Minh City, Vietnam (胡志明) 0.8% No.3  Seoul Korea (首爾) 0.2%
No.4 Osaka (大阪) Japan  0.7%, No.5 Shanghai 0.5% rent drops most - Hong Kong, New York

 

pic.: No.1 "comment Taiwan housing" on Bing, 1-24-2021

《 China Times 》 Dec. 5, 2020:  editorial Taiwan's lawmakers can not give Residence Justice
       Taiwan's lawmaker
s have close relationship with construction companies.  Now those companies have been trying to rolling up housing price by all sort of means, the government's measures to cap rising housing-price (such as 「預售屋納入實價登錄」、「揭露售價至門牌」、「增加查核權與罰則」etc ) won't work as long as those lawmakers give slight influence to the issues. (brief)  https://www.chinatimes.com/opinion/20201204005012-262101?chdtv

《 中國時報》 12-19-2020:  editorialTaiwan's government the more to cap rising housing-price, the higher the housing-price rises  (打房 為何越打越漲?)  https://chinatimes.com/opinion/20201219003613-262101?chdtv

 

《United Daily - Economy Daily》, editorial,  Dec. 18, 2020 : immediately reform the Taxes on Housing Speculators !    https://money.udn.com/money/story/5628/5101686

 

遠見 Dec. 2020:  Taiwan's house price is growing, if the government will not modify the tax system,  those measures (e.g.,「實價登錄2.0」) to cool off the housing market or to reduce property speculation,are nothing but "cure the symptoms, not the disease", the administration's policy becomes a "paper tiger" 。www.msn.com/zh-tw/lifestyle/other/房市買氣六年新高-行政院打擊炒房五大招-恐淪為紙老虎/ar-BB1bCCvk?ocid=msedgdhp

 

China Times 12-5-2020:  Government's 'phony' measures to blasts real estate speculation should focus on Property Tax, otherwise the administration's policy in this time is just a propaganda https://www.chinatimes.com/opinion/20201204005133-262105?chdtv周信佑》"政府打房 只是打太極"

 

《Apple Daily》editorial,  Dec. 7, 2020 : Try to get an balance between "residence justice" and marketing mechanism.  The sharply rise of Taiwan's house recently is because the foreign money and the hot money have kept flowing back into Taiwan to hit history top.    https://tw.appledaily.com/headline/20201208/SPFEDEHQCBEVJAFQXESCWJW4JU/

 

《Apple Daily》editorial, Dec. 9, 2020
     
Rising housing price recently will make the rich are richer, but those youngsters struggling minimum wage even do not dare to have housing dream... today's Taiwan has been polarizing the differences between the rich and poor, the middle class is moving downward, not to mention the situation of service industry's furlough and being jobless is getting worse and worse.   tw.appledaily.com/headline/20201209/KPGCQUPML5FAXIRHL3ZDRXXPGY/

 

 

 
world's most livable cities  ... include Taiwan's ?

Till 2020, Taiwan has not been included in the top ranking list of the world's most livable cities  
 

world's most livable cities
world best surveys Taiwan's rankings
in top list
comparison with
other Asia & Pacific countries
 The EIU's Global Livability Index Ranking   2019  failed in the top 50 No.2  Melbourne,  No.3  Sydney,  No.4 Osaka (Japan), No. 7 Tokyo,  No.10  Adelaide,  No.12 Auckland (NZ),   No.15 Wellington (NZ),   18 Brisbane  (Aus) ,    No. 38 Hong Kong,  No. 40 Singapore,   No.57  Seoul (Korea),  Taipei behind   
Safe Cities Index (SCI)  2019,   EIU (Economist UK), NEC failed in the top 20 No.1  Tokyo, No.2  Singapore, No.3 Osaka (Japan),  No.5 Sydney (Aus), No. 8 Seoul (Korea), No10 Melbourne, No. 20 Hong Kong  
ArchDaily / The World's Most Livable Cities in 2019 failed in the top 20 No. 3. Auckland, New Zealand, 11. Sydney, Australia,  No.15. Wellington, New Zealand , No.17. Melbourne, Australia  
 The EIU's Global Livability Index Ranking   2018  failed in the top 50 No.2 Melbourne (Australia),  No.3  Osaka (Japan),  No. 7  Tokyo (Japan) ,  No.10       Adelaide  (Australia),   No.12 Auckland (NZ)    Wellington (NZ) ... ... (omitted),  Taipei 58
 The EIU's Global Liveability Index Ranking   2017  failed in the top 50  No.1  Melbourne,  No. 5  Adelaide,  No. 7  Perth,
No. 8 Auckland (NZ),  No.11 Sydney,  No.13  Tokyo,  No.  14  Osaka,  No.16 Brisbane,   No. 20 Wellington (NZ),  No. 35 Singapore,  No.45  Hong Kong,  No.58  Seoul (Korea),  No.60   Taipei  
     

EIU (Economist UK)'s  Global Liveability Index evaluates stability, healthcare, culture&environment,  education,   Infrastructure

 


 

 

《 United Daily 聯合報》 8-8-2020 editorial: Taiwanese government most welcomes international architecture works, but its double standard angers local architects.
      (
Chinese text: 國際競圖原意是希望帶動台灣建築師創作力,但後來在執行面出現不少問題,最普遍的就是國外建築師不熟悉台灣歷史、地理,就把既有想法塞進來尤其,國際競圖機制往往埋著國內建築師與國外相比的兩大不平等條約。各級政府國際競圖時,為吸引國外建築師,將設計費率提高二、三倍至百分之十三起跳,更可議的是,近年又冒出「變相國際標」,鼓勵國內建築師事務所找國外建築師設計,若獲選,設計費就可從原一般造價費的百分之四到五,略增到百分之六點二,評分總分還可加分。建築界痛批把國內建築師當「文化買辦、仲介」。)

 

《 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"

 

 

 

 

  pic.: UDN, headline news, 8-26-2019: still can't afford a house, salary remains the same as 30 yrs ago,

 

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

   

  pic. United Daily : Taiwanese architects protest "unequal treaty" which benefits foreigners

 

 

  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).

 

 

 

     PS 3:  Taiwan's architectural designs
 comment Taipei 101 tower :   http://intlHumanRights.com/taipei_101_comment.htm

 

 

 

 

 

 

 

 

pic: The sites were ranked both No.1, 2
by "comment Taipei 101" on Bing, 7-16-2017

ps: the top one is an ad

 

 

pic: The sites were ranked No.1, 2 ,3
by "comment Taipei 101" on Yahoo, 7-16-2017

ps: the top one is an ad

 

7/

 

 

 

 

 

 

 

 

 

pic: The sites were  ranked both No.1,
by Chinese keyword "comment Taipei 101" on Bing, 7-16-2017

 

ps: the top one is an ad

 

pic: The sites were  ranked No.1
by  Chinese keyword "comment Taipei 101" on Yahoo, 7-16-2017

 


 

 

                Taiwan's Housing                        this site's world No. 1 in  2017~19,  2016 2015 2014,  2013 2010~12                            
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