Taiwan's Real Estate Chill: Even the Hottest Areas Feel the Freeze

After Measures to Curb Speculation, the Housing Market in Taichung's Prime District Faces Challenges.

Following the Central Bank's intervention to cool down the housing market, Taiwan's real estate sector is experiencing a slowdown. Even in the 14th redevelopment zone in Taichung's Beitun district, an area where property developers had heavily invested, some are now expressing concern. They report that their "weekly transaction reports show figures of 'zero or one,' with most weeks seeing zero transactions."

To counteract the slowdown, some developers are attempting to differentiate themselves by upgrading their offerings, such as forming strategic alliances with renowned Japanese building material brands and launching exclusive "fan-only" preview events.

According to a representative from Sinyi Realty, Fang Hao-chuan, the 14th redevelopment zone is the largest development project in Taichung in recent years, known for its low-density, high-green coverage. It boasts significant infrastructure developments like the Taichung Dome, the Beitun Sports Center, and the Hanshin Intercontinental Shopping Center, suggesting promising future development.