New Taipei City was the most popular destination for relocation among the six special municipalities in the first half of this year, when 46,000 people moved to the city, Great Home Realty Co (大家房屋) said on Tuesday, citing government data.
A total of 659,000 people changed their address nationwide, and New Taipei City stood out as the top choice, compared with Taipei, Taoyuan, Taichung, Tainan and Kaohsiung, Great Home Realty head researcher Mandy Lang (郎美囡) said.
Lang attributed the trend to relatively affordable housing prices and better job opportunity outlook in New Taipei City.
Living in New Taipei City is cheaper than
Taipei, Aug. 6 (CNA) Residential and commercial property transactions in Taiwan's six largest cities fell by more than 13 percent in July from a month earlier with Tainan and Kaohsiung in the south experiencing the most significant drops, according to statistics compiled by these local governments.
Property tax revenue soared 89 percent to NT$17.4 billion (US$582.8 million) in the first six months of this year, buoyed by steep property price increases nationwide, which are expected to slow down in the coming months, as the central bank hiked interest rates, analysts said yesterday.
Taichung contributed the most to the revenue, with NT$3.55 billion, followed by New Taipei City’s NT$2.47 billion, Kaohsiung’s NT$2.3 billion, Taoyuan’s NT$1.91 billion, Taipei’s NT$1.81 billion and Tainan’s N$1.8 billion, Great Home Realty Co (大家房屋) said, citing data from the Ministry of Finance.
The spike in property tax revenue reflected housing price increases across Taiwan
Taipei, June 4 (CNA) Residential and commercial property transactions in Taiwan's six largest cities dropped by 7.7 percent year-over-year in May, with analysts attributing the dampened market sentiment to central bank rate hikes and selective credit controls targeting house prices.
Gifted and inherited properties last quarter increased 12 percent and 4.3 percent year-on-year to 15,481 and 14,952 units respectively, government data showed yesterday, as people appeared to be undeterred by stricter property tax terms while becoming more active in asset allocations.
The figures show a seven-year high following the introduction of combined property taxes, data on the Ministry of the Interior’s Web site showed.
The rise appears to be a result of increased financial planning by people with multiple homes as a way to help them cope with selective credit controls and rising inflationary pressures, Great Home Realty Co (大家房屋) head researcher