Taiwan's housing market predicted to slow down significantly

The real estate market in Taiwan is experiencing a significant slowdown, according to industry expert 顏炳立. He revealed that the number of property transactions is expected to drop to 280,000 units this year, reflecting a decline in investment demand and shifting market conditions. 顏炳立 noted that last year's housing surge was fueled by government initiatives, which encouraged both self-usage and investment purchases. However, as many people borrowed money to buy homes, the government is now stepping in to stabilize prices amid declining investment activity. Looking ahead, the market is projected to enter a "dream-like state" characterized by lower transaction volumes and stable prices. As lending standards tighten, 顏炳立 predicts that this trend will continue, especially in areas previously regarded as "hot." The market may see prices falling more in less desirable neighborhoods compared to prime locations.