Wed, Jan 05, 2011 - Page 11 News List

Investors blamed for high housing prices: online poll

Staff writer, with CNA

Nearly 40 percent of local residents blame Chinese, overseas Taiwanese and other foreign investors for pushing up housing prices in Taiwan, while another 30 percent point the finger at local investors, an online poll released yesterday showed.

The survey, conducted by the Chinese-language HouseFun magazine and Yahoo Taiwan’s poll center, indicated that 38.9 percent of respondents believed that outsiders were behind the high prices, while 27.4 percent of the 8,042 people polled blamed local speculators and 19.6 percent held construction companies responsible.

Soaring property prices have prompted the government to launch cooling measures since the middle of last year because of mounting complaints from the public about unaffordable housing in the nation’s capital.

However, 56.4 percent of the poll respondents said current housing prices were still “extremely unreasonable,” while 29.9 percent said they were “unreasonable.”

Asked if they thought there might be risk of a property bubble in the next three years, 41.4 percent said the risk was high, while another 41 percent said there was “some risk.”

In addition, 44.5 percent forecast that local housing prices would post a small increase in the coming year, while 31.9 percent predicted a big price rise during the same period.

The ratio between male and female respondents was 50-50, with an average age of between 31 and 40.

More than 60 percent of them are single and live in either Taipei City or New Taipei City (新北市, the upgraded Taipei County).

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