New homes in the nation’s six major urban areas have an average price of more than NT$10 million (US$336,825), showing the local property market is still booming despite the government’s efforts to curb skyrocketing prices, a sales agency said yesterday.
U-Trust Rehouse said new homes constructed within the past five years cost homebuyers more than NT$10 million in Taipei, New Taipei City (新北市), Hsinchu City, Greater Taichung, Greater Kaohsiung and Taoyuan County.
In Greater Tainan, however, new housing carried an average price tag of only NT$9.13 million, which seemed more affordable to homebuyers, U-Trust Rehouse said.
The real-estate agency used statistics compiled under the current property price registration system for the first 10 months of this year.
The government implemented the property price registration rule in August last year to try to increase market transparency and dampen speculation at a time when most wage earners say they could not afford to buy a home. Previously, homeowners and buyers were not registering the actual sales price.
The average price of new homes in Taipei reached NT$29.8 million, the highest among the six major urban areas. U-Trust vice president Liu Pin-yao (劉炳耀) said land supply in Taipei is scarce, which has limited the number of new homes, keeping prices high.
Liu said consumers who want to reside in Taipei, but cannot afford expensive new homes in the city should look for second-hand homes that are more than five years old.
Prices of homes that were constructed five to 10 years ago in Taipei hit NT$20.54 million on average, while homes that are more than 10 years old were priced at NT$18.51 million on average.
Liu said new homes in New Taipei City can serve as a good alternative to those in Taipei as the average price of new homes in New Taipei City completed within the past five years is NT$16.5 million.
New Taipei City homes that are five to 10 years old and those that are more than 10 years old were priced at NT$10.98 million and NT$8.42 million respectively, U-Trust said.
New Taipei City has the advantage of convenient transport as the city is well-connected to Taipei through the mass rapid transit system, Liu said.
In Taoyuan County, new homes that were built in the past five years were priced at an average of NT$11.33 million, while homes in the same category in Hsinchu City cost homebuyers NT$10.72 million on average, statistics showed.
Prices of new homes in Greater Taichung hit NT$12.90 million on average, while new homes in Greater Kaohsiung carried a price tag of NT$11.96 million on average, according to statistics.
China has reserved offshore airspace in the Yellow Sea and East China Sea from March 27 to May 6, issuing alerts usually used to warn of military exercises, although no such exercises have been announced, the Wall Street Journal (WSJ) reported yesterday. Reserving such a large area for 40 days without explanation is an “unusual step,” as military exercises normally only last a few days, the paper said. These alerts, known as Notice to Air Missions (Notams), “are intended to inform pilots and aviation authorities of temporary airspace hazards or restrictions,” the article said. The airspace reserved in the alert is
NAMING SPAT: The foreign ministry called on Denmark to propose an acceptable solution to the erroneous nationality used for Taiwanese on residence permits Taiwan has revoked some privileges for Danish diplomatic staff over a Danish permit that lists “Taiwan” as “China,” Eric Huang (黃鈞耀), head of the Ministry of Foreign Affairs’ Department of European Affairs, told a news conference in Taipei yesterday. Reporters asked Huang whether the Danish government had responded to the ministry’s request that it correct the nationality on Danish residence permits of Taiwanese, which has been listed as “China” since 2024. Taiwan’s representative office in Denmark continues to communicate with the Danish government, and the ministry has revoked some privileges previously granted to Danish representatives in Taiwan and would continue to review
More than 6,000 Taiwanese students have participated in exchange programs in China over the past two years, despite the Mainland Affairs Council’s (MAC) “orange light” travel advisory, government records showed. The MAC’s publicly available registry showed that Taiwanese college and university students who went on exchange programs across the Strait numbered 3,592 and 2,966 people respectively. The National Immigration Agency data revealed that 2,296 and 2,551 Chinese students visited Taiwan for study in the same two years. A review of the Web sites of publicly-run universities and colleges showed that Taiwanese higher education institutions continued to recruit students for Chinese educational programs without
China has reserved offshore airspace over the Yellow Sea and East China Sea from March 27 to May 6, issuing alerts that are usually used to warn of military exercises, although no such exercises have been announced, the Wall Street Journal (WSJ) reported on Sunday. Reserving such a large area for 40 days without explanation is an “unusual step,” as military exercises normally only last a few days, the paper said. The alerts, known as notice to air missions (NOTAMs), “are intended to inform pilots and aviation authorities of temporary airspace hazards or restrictions,” the article said. The airspace reserved in the alert
RSS