Real Estate Agents: Q1 Completed Home Prices, Taipei Alone Rises, Taichung Falls Most at 8%
According to Taiwan Housing's analysis of actual transaction data, Taipei was the only major city to see a slight increase in completed home prices in Q1 2026, rising 0.9% year-on-year. In contrast, Taichung experienced the steepest decline, falling 8% to an average price of NT$299,000 per ping, dropping below the NT$300,000 mark.
📋 Article Processing Timeline
- 📰 Published: April 20, 2026 at 13:34
- 🔍 Collected: April 20, 2026 at 14:01 (27 min after Published)
- 🤖 AI Analyzed: April 20, 2026 at 14:10 (9 min after Collected)
Central News Agency
(CNA Reporter He Xiuling Taipei, April 20) Taiwan Housing compiled actual transaction data and statistics on the average prices of completed homes in the six major cities in the first quarter of this year compared to the same period last year. Cities south of Taipei faced adjustments, with Taichung City experiencing the largest drop, falling from an average price of NT$325,000 last year to about NT$299,000 in the first quarter of this year, an 8% year-on-year decrease. Only Taipei remained above NT$800,000 per ping and was the only metropolitan area to show positive growth.
Taiwan Housing issued a press release today stating that, overall, northern metropolitan areas were relatively resistant to price drops, while southern metropolitan areas saw declines exceeding 4.5%. Besides Taichung City's highest annual drop of 8%, Tainan City fell by 5.1%, and Kaohsiung also decreased by 4.5%.
Zhang Xulan, CEO of Taiwan Housing's Trend Center, said that in 2023, spurred by the 'New Youth Housing Loan' and development issues in central and southern Taiwan, there was a surge in investment and property acquisition. The supply-demand imbalance led to a price-chasing phenomenon from 2023 to early 2024. With loan restrictions cooling buyer sentiment, the market is returning to rational demand. In areas with high new development volumes and benefits yet to materialize in central and southern Taiwan, prices are the first to rebound.
Northern metropolitan areas, due to relatively solid rigid demand and the recent realization of public infrastructure benefits such as the Taoyuan MRT Green Line, New Taipei MRT Sanxia-Danjin Line, and the Tamshui-Kavalan Bridge, have prices that are relatively supported, with smaller declines compared to central and southern Taiwan.
As for Taipei's solo performance, the average price per ping in the first quarter was NT$818,000, a slight increase of 0.9% compared to the same period last year, making it the only metropolitan area among the six to achieve positive growth.
Zhang Xulan analyzed that Taipei is a mature development area with a long-standing scarce supply. Furthermore, the regional functional differences in the capital are minimal, leading to stable property values. Coupled with the pressure of total price for self-occupying buyers, most transactions involve small to medium-sized units. In recent years, new projects have been dominated by urban renewal and old building redevelopment, situated in prime locations with high integration costs. The products are designed to have low total prices but high unit prices, supporting Taipei's housing prices.
Chen Dingzhong, Senior Manager of Taiwan Housing Group's Trend Center, stated that Taichung City, which saw the largest decrease in housing prices, is primarily driven by two major market development catalysts for this correction. Firstly, 'suburban areas await price concessions.' In recent years, Taichung's new development zones have had considerable project volumes, leading to greater market competition. Especially in the outer suburban development zones like the Hai'an and Tun'an areas, consumers have a stronger expectation for sellers to concede prices, thus their price support is weaker, making these suburban zones the vanguard of Taichung's housing market decline.
Secondly, 'core areas opt for affordability.' As new projects in core areas remain expensive, self-occupying buyers are shifting their focus to relatively affordable older homes. Moreover, in hot transaction areas like Xitun and Nantun, driven by industry, trading zones are gradually shifting from the high-priced city center within the 74 Expressway to areas around the Central Science Park and the Precision Science Park outside the 74 Expressway, which offer more affordable prices. This has led to a shrinkage in Taichung City's average transaction price in the first quarter. (Edited by Pan Yijing) 1150407
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(CNA Reporter He Xiuling Taipei, April 20) Taiwan Housing compiled actual transaction data and statistics on the average prices of completed homes in the six major cities in the first quarter of this year compared to the same period last year. Cities south of Taipei faced adjustments, with Taichung City experiencing the largest drop, falling from an average price of NT$325,000 last year to about NT$299,000 in the first quarter of this year, an 8% year-on-year decrease. Only Taipei remained above NT$800,000 per ping and was the only metropolitan area to show positive growth.
Taiwan Housing issued a press release today stating that, overall, northern metropolitan areas were relatively resistant to price drops, while southern metropolitan areas saw declines exceeding 4.5%. Besides Taichung City's highest annual drop of 8%, Tainan City fell by 5.1%, and Kaohsiung also decreased by 4.5%.
Zhang Xulan, CEO of Taiwan Housing's Trend Center, said that in 2023, spurred by the 'New Youth Housing Loan' and development issues in central and southern Taiwan, there was a surge in investment and property acquisition. The supply-demand imbalance led to a price-chasing phenomenon from 2023 to early 2024. With loan restrictions cooling buyer sentiment, the market is returning to rational demand. In areas with high new development volumes and benefits yet to materialize in central and southern Taiwan, prices are the first to rebound.
Northern metropolitan areas, due to relatively solid rigid demand and the recent realization of public infrastructure benefits such as the Taoyuan MRT Green Line, New Taipei MRT Sanxia-Danjin Line, and the Tamshui-Kavalan Bridge, have prices that are relatively supported, with smaller declines compared to central and southern Taiwan.
As for Taipei's solo performance, the average price per ping in the first quarter was NT$818,000, a slight increase of 0.9% compared to the same period last year, making it the only metropolitan area among the six to achieve positive growth.
Zhang Xulan analyzed that Taipei is a mature development area with a long-standing scarce supply. Furthermore, the regional functional differences in the capital are minimal, leading to stable property values. Coupled with the pressure of total price for self-occupying buyers, most transactions involve small to medium-sized units. In recent years, new projects have been dominated by urban renewal and old building redevelopment, situated in prime locations with high integration costs. The products are designed to have low total prices but high unit prices, supporting Taipei's housing prices.
Chen Dingzhong, Senior Manager of Taiwan Housing Group's Trend Center, stated that Taichung City, which saw the largest decrease in housing prices, is primarily driven by two major market development catalysts for this correction. Firstly, 'suburban areas await price concessions.' In recent years, Taichung's new development zones have had considerable project volumes, leading to greater market competition. Especially in the outer suburban development zones like the Hai'an and Tun'an areas, consumers have a stronger expectation for sellers to concede prices, thus their price support is weaker, making these suburban zones the vanguard of Taichung's housing market decline.
Secondly, 'core areas opt for affordability.' As new projects in core areas remain expensive, self-occupying buyers are shifting their focus to relatively affordable older homes. Moreover, in hot transaction areas like Xitun and Nantun, driven by industry, trading zones are gradually shifting from the high-priced city center within the 74 Expressway to areas around the Central Science Park and the Precision Science Park outside the 74 Expressway, which offer more affordable prices. This has led to a shrinkage in Taichung City's average transaction price in the first quarter. (Edited by Pan Yijing) 1150407
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Download the CNA "First-Hand News" APP for real-time updates.
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