Taiwan Housing Market Barometer Stays in Recession Yellow-Blue Light in May; Focus on Central Bank Meeting Next Week
The 'Zhudeng Wind Ball', which represents the presale housing market conditions in northern Taiwan, maintained a recessionary yellow-blue light in May. The score slightly improved to 36.5 points from 34.3 points in April. Zhudeng Magazine analyzed that the 520 sales period boosted project launches, but transaction performance remained weak. Whether the housing market can recover depends on the central bank's board meeting next week.
📋 Article Processing Timeline
- 📰 Published: June 11, 2026 at 14:31
- 🔍 Collected: June 11, 2026 at 14:37 (6 min after Published)
- 🤖 AI Analyzed: June 11, 2026 at 14:40 (3 min after Collected)
(Central News Agency reporter He Xiuling, Taipei 11th) The 'Zhudeng Wind Ball', which represents the market conditions for new construction projects in northern Taiwan, maintained a recessionary yellow-blue light in May, with the score slightly improving from 34.3 points in April to 36.5 points. Zhudeng Magazine analyzed that the 520 sales period drove an increase in project launches, but transaction performance remained weak. Whether the housing market can recover subsequently requires observing the动向 of the central bank's board meeting next week.
Chen Bingchen, Director and Spokesperson of the Zhudeng Magazine Research Office, stated in a press release today that May entered the 520 sales period. Coupled with the absence of negative factors in the first half of the year such as the Ghost Month, typhoons, and summer travel, developers performed well in terms of project launches. The volume of presale projects launched in May totaled over NT$80 billion, a significant multiple increase compared to April's less than NT$40 billion.
However, Chen mentioned that the number of new completed homes, also on the supply side, showed a different picture, declining month-on-month. Only about a hundred units were launched in May, a decrease from over 200 units in April. He noted that it remains to be seen whether the central bank will simultaneously relax bank lending space; otherwise, the market for new completed homes, which are more expensive than existing homes, will remain cautious.
He further pointed out that observing the sales status of new projects, about half of the projects recorded zero transactions in a single week, indicating that the increase in foot traffic has not yet effectively translated into actual buying momentum.
He explained that looking back at the period after the first implementation of the house and land transaction income tax in 2016, the central bank also adjusted housing market policies, and the market gradually emerged from the shadow of heavy taxes. Now, the housing market has 'a glimmer of dawn'. Moreover, the recent stock market volatility has led people to take profits and allocate funds to other options, which, coupled with the central bank's softening stance, could be a turning point for the housing market.
Chen believes that in the coming period, benchmark projects will be launched in Taipei City's Nangang District, Da'an District, New Taipei City's Zhonghe District, Xindian District, as well as Taoyuan City's Guishan District and Hsinchu City's East District. These will allow for examination of whether signs of recovery are emerging. The 1,575 unsold projects in northern Taiwan are naturally eagerly awaiting the 'spring swallow'. Currently, the gap between asking prices and transaction prices remains within 10%, with no significant price cuts. The subsequent situation must be monitored for a potential price surge due to revenge buying. For the housing market to turn around from the bottom, it just needs the 'final push' from the central bank meeting results next week. (Editor: Pan Yijing) 1150611
Chen Bingchen, Director and Spokesperson of the Zhudeng Magazine Research Office, stated in a press release today that May entered the 520 sales period. Coupled with the absence of negative factors in the first half of the year such as the Ghost Month, typhoons, and summer travel, developers performed well in terms of project launches. The volume of presale projects launched in May totaled over NT$80 billion, a significant multiple increase compared to April's less than NT$40 billion.
However, Chen mentioned that the number of new completed homes, also on the supply side, showed a different picture, declining month-on-month. Only about a hundred units were launched in May, a decrease from over 200 units in April. He noted that it remains to be seen whether the central bank will simultaneously relax bank lending space; otherwise, the market for new completed homes, which are more expensive than existing homes, will remain cautious.
He further pointed out that observing the sales status of new projects, about half of the projects recorded zero transactions in a single week, indicating that the increase in foot traffic has not yet effectively translated into actual buying momentum.
He explained that looking back at the period after the first implementation of the house and land transaction income tax in 2016, the central bank also adjusted housing market policies, and the market gradually emerged from the shadow of heavy taxes. Now, the housing market has 'a glimmer of dawn'. Moreover, the recent stock market volatility has led people to take profits and allocate funds to other options, which, coupled with the central bank's softening stance, could be a turning point for the housing market.
Chen believes that in the coming period, benchmark projects will be launched in Taipei City's Nangang District, Da'an District, New Taipei City's Zhonghe District, Xindian District, as well as Taoyuan City's Guishan District and Hsinchu City's East District. These will allow for examination of whether signs of recovery are emerging. The 1,575 unsold projects in northern Taiwan are naturally eagerly awaiting the 'spring swallow'. Currently, the gap between asking prices and transaction prices remains within 10%, with no significant price cuts. The subsequent situation must be monitored for a potential price surge due to revenge buying. For the housing market to turn around from the bottom, it just needs the 'final push' from the central bank meeting results next week. (Editor: Pan Yijing) 1150611