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Taiwan’s CPI hits 4-month high with 2.42% increase in June
CPI up 2.42% in June, highest in 4 months Fruit prices soared 22.60%, rents and dining out rose Egg prices fell, core CPI grew 1.83% annually Medical costs up 3.78%, housing rose 2.27%2024/07/05 17:06 -
Taiwan’s rising rents: pandemic, war, and interest rates
the year-over-year (YoY) rate in the rent index has been around 2% for the past two years, a relatively high level. The YoY growth rate in March was 2.24%, the highest increase in the past year. Over the past decade, the average annual increase in the rent index was 1.1%. However, since July 2022, the growth has exceeded 2% and has remained at this level. DGBAS officials pointed out three main factors that contributed to the rise in rent. First, the cost of maintaining houses has increased. In recent years, the increase in residential maintenance costs has been significant, with a sharp rise of 5.8% in 2022 and increases of over 3% in 2023 and 2024.2024/04/12 18:00 -
Taiwan medical costs soar 4.47% in March, reach 18-year high
Taiwan’s DGBAS reports a 4.47% year-on-year increase in medical costs for March, the highest in 18 years, due to the New Health Insurance Co-payment System. The March CPI showed a 2.14% year-on-year increase, with dining-out costs and essential commodity prices decreasing slightly. However, inflationary pressures persist in services like medical costs and rent.2024/04/10 17:16 -
KMT candidate’s wife clarifies building ownership
Jen Mei-ling, wife of Kuomintang’s (KMT) presidential candidate Hou Yu-ih, clarified that a building being claimed as their own is actually a legacy from her father and not part of Hou’s property. The building has become a topic of discussion in the upcoming 2024 elections due to its high rent and proximity to Chinese Culture University. Jen stated that the property has over 50 vacant houses, which will be used to provide rent subsidies for low-to-moderate-income families and young students through donations. After the leases expire in June 2026, the plan is to convert the property into social housing for the youth and communal accommodations for rent. Initially, the building was leased and managed by Shin-Kong Life Real Estate Service Co., Ltd., with rental prices determined by Shin Kong Life Insurance. Jen announced that the vacant apartments will be subsidized for young families with an annual income of less than NT$1.33 million and a per capita monthly income below NT$56,000. Existing tenants can also apply for the subsidy, with rates of NT$6,400 for single rooms and NT$7,000 for two-person rooms per month. In her public letter, Jen addressed the accusations, highlighting Hou’s integrity during the election process and apologizing for the family issue.2023/12/27 15:10 -
Taipei 101 records 2nd highest office rental rate in 2023
Taipei 101 secures its position as one of the most expensive office spaces in Taipei for 2023, with rental rates on its 69th floor reaching NT$4,803 per ping. Cathay Landmark slightly surpasses this, setting a high bar in the city’s real estate market.2023/11/14 12:21