Taiwan's Housing Market: A Tale of Two Halves – Sinyi Realty: Taipei/New Taipei Demand Stable, Central/Southern Taiwan Cooling Down

(Central News Agency reporter He Xiuling, Taipei 6th) Affected by policy adjustments and a wait-and-see market sentiment, the housing market in Northern Taiwan is gradually returning to owner-occupier demand. According to Chiu Chun-yang, Assistant Vice President of Sinyi Realty, a sales agency, the housing market this year shows two different situations between the north and the south. In Taipei and New Taipei, due to limited supply and rigid demand support, sales are relatively stable. In Central and Southern Taiwan, with the exit of investment buyers and oversupply, purchasing momentum has significantly cooled down. Overall, the housing market sentiment in the second half of the year is estimated to remain flat.

Sinyi Realty held a press conference today for new project sales. Chiu Chun-yang stated that the market in Taipei and New Taipei currently has "almost no investors," mainly driven by rigid demand from owner-occupiers and those upgrading their homes. Therefore, homebuyers' requirements for brand developers, location conditions, and product planning are higher than in the past. Recently, sales performance of some key projects in prominent areas, including the Xindian Yangbei Redevelopment Zone, has been relatively stable.

Among them, Huaku Construction made its debut in the Xindian Yangbei Redevelopment Zone with a new project. Hung Chia-sheng, General Manager of Huaku Construction, stated that the Xindian Yangbei Redevelopment Zone has undergone nearly 9 years of development, with a development rate exceeding 80%. The supply of new pre-sale projects is relatively limited at present. This project is a joint venture with Yucheng Industries, integrating a 1513 ping (approx. 4993 sqm) site. The customer base includes local residents from Xindian, as well as home-upgraders from Taipei City's Daan, Xinyi, and Zhongzheng districts.

Regarding recent housing market sentiment, Chiu Chun-yang said that Taipei/New Taipei and Central/Southern Taiwan form two different markets. Taipei/New Taipei benefits from demographic dividends and employment support, with demand primarily from owner-occupiers. Based on Sinyi Realty's projects in Taipei/New Taipei, sales have been stable since the end of last year and have not weakened despite the stock market surge.

He observed that while housing prices in Central and Southern Taiwan had a lower base in earlier years, the recent effect of TSMC's plant establishments led to a delayed catch-up in housing prices, with a high proportion of investors. However, in the past two years, under the influence of the central bank's housing market control measures and a large number of new projects, purchasing momentum has significantly declined.

He believes that housing market sentiment in the second half of this year should remain flat, unless the government subsequently introduces more favorable housing policies. As the current New Youth An housing loan policy is set to expire in July this year, the market is watching whether "New Youth An 2.0" or other continuation measures will be introduced. Additionally, as long as interest rates do not rise significantly, fluctuations in real estate and the stock market should not be too large. (Editor: Chang Chun-mao) 1150506

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