The housing prices of high-priced residential buildings have fallen by nearly 4% year-on-year in Taipei City.

(Photo by reporter Xu Yiping)

[Reporter Xu Yiping/Report from Taipei] The real estate market is consolidating, and the buying momentum of high-priced housing has dropped significantly.

According to the real-price disclosure information of high-priced residential buildings in Qidu last year, real estate brokers found that the purchase price of high-priced residential buildings in Qidu City has shrunk by 31.2% compared with the previous year. Among them, Taipei City’s purchase price has shrunk the most, with an annual decrease of 45%. The annual decrease in Hsinchu County and City is about 39.4%, and some high-priced housing prices are even showing signs of loosening.

According to the statistics of Yongqing Real Estate Group, the number of real price disclosures of high-priced houses in the whole year last year, Liudu plus Hsinchu counties and cities totaled 1,463, compared with 2,125 in 2021, a decrease of 662 in one year, a decrease of about 31.2%. Among them, Taipei City has the most obvious shrinkage in high-priced housing purchases, with a year-on-year decrease of 304, an annual decrease of 45%, which is almost cut in half. On the other hand, Taoyuan City has the least decrease in the number of housing units, with a year-on-year decrease of 10, and an annual decrease of about 7.2 %.

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Chen Jinping, deputy manager of the Yongqing Housing Research and Exhibition Center, said that according to the content of the central bank's high-priced housing loan restriction order, 70 million yuan in Taipei City, 60 million yuan in New Taipei City, and 40 million yuan in other counties and cities are considered high-priced housing.

She pointed out that in the past 2020 to 2021, in response to the economic impact of the new crown pneumonia, various countries adopted quantitative easing policies, which caused a lot of funds to pour into the real estate market, resulting in a boom in the real estate market and a boom in the luxury housing market.

However, from 2022 onwards, with factors such as interest rate hikes and the ebb of the capital tide, the uncertainty of the global economy will rise, which will usher in a wave of cooling in the luxury housing market.

During the three-year period from 2019 to 2021, the number of high-priced housing disclosures in the Qidu area showed an increase.

In particular, Hsinchu County and City’s high-priced housing purchases are stronger. In 2019, there were only 72 cases, and in 2020, the number increased to 153. The annual growth rate of high-priced residential houses was more than 1.1 times. An annual growth rate of more than 26%.

Last year, high-priced residential properties in Taoyuan experienced the deepest decline, nearly 5%

As for the trend of high-priced residential housing prices, in 2022, except for the average total price of high-priced residential buildings in New Taipei and Tainan, which will increase by about 1.5% and 6.1% annually, other counties and cities will see price drops.

Taipei and Hsinchu counties and cities fell by nearly 4% year-on-year, and Taoyuan fell by 4.9% year-on-year, the highest decline.

Chen Jinping further analyzed that the amendment to the "Average Land Rights Act" was passed in the third reading in January this year. After the drafting of the sub-law is completed, it is expected to go on the road this year. Among them, the purchase of houses by private legal persons will adopt a permit system, which may further impact the high-priced housing market. , Perhaps it will also create more room for price cuts in the high-priced residential market.

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