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  • Taiwan boosts Hualien tourism with subsidies post-earthquake

    Discover how Taiwan’s Ministry of Transportation and Communications is revitalizing Hualien’s tourism with a NT$5.3 billion recovery plan following an earthquake. Learn about subsidies for accommodations, the promotion of local tourism, and significant investments in housing and railway system reconstruction to ensure the region’s swift recovery and appeal to visitors.
    2024/05/02 18:07
  • Cross-Strait relations tense over ECFA tariff changes

    Taiwan’s Mainland Affairs Council warns that China’s reduced tariff concessions under the ECFA could harm cross-strait companies, criticizing China’s trade sanction threats and efforts to attract Taiwanese youth with housing and entrepreneur parks.
    2024/04/26 13:25
  • Daan dominates Taipei’s top 4 school districts

    Housing prices near 36 "star" schools in Taipei analyzed, with the highest average at NT$1.226 million per ping near Jin-Hua Elementary in Da’an District due to location and school prestige. Beitou District has lower prices, around NT$500,000 to NT$700,000.
    2024/04/15 15:37
  • 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
  • Lawmaker proposes public review for electricity prices

    Kuomintang caucus whip Fu Kun-chi proposes amendment to The Electricity Act for public scrutiny of electricity price fluctuations amid impending price hike. Fu warns of potential impact on commodity prices and housing costs, criticizes current energy policies as flawed. Calls for national congress oversight and public review of electricity price changes.
    2024/03/27 15:41
  • Taiwan youth grapples with high house prices and low wages

    Discover how Taiwan’s young population is navigating the challenging landscape of high house prices and stagnant wages, despite the country’s strong purchasing power, and the call for government action to address these issues.
    2024/03/06 08:00
  • Tainan City Gov’t turns closed TSU campus into public park

    Discover the transformation of Taiwan Shoufu University (TSU) in Tainan, the first private educational institution repurposed by local authorities. Explore how the campus will evolve into a multifunctional park housing government offices, marking a significant shift in the area’s landscape amidst Taiwan’s changing higher education scene.
    2024/02/29 11:31
  • Honduras’ unsettled US$440 million debt to Taiwan

    Honduras owes Taiwan approximately US$440 million (NT$13.8 billion) in debt, which has accumulated over several years and remains unpaid even after severing diplomatic ties with Taiwan in favor of China. The decision to end over eight decades of relations with Taiwan and establish diplomatic ties with China was made on March 25, 2023. The current president of Honduras, Xiomara Castro, did not borrow any additional funds from Taiwan, with the last loan of US$300 million being acquired by her predecessor, Juan Orlando Hernández, in 2019. These funds were primarily used for housing reconstruction, school facilities, and nutritional lunches. Honduras hoped that establishing diplomatic relations with Beijing would result in greater economic support and loans from the Chinese government. However, the country’s white shrimp exports were affected following the diplomatic break with Taiwan. As a result, Honduras has turned to China for similar tariff preferences.
    2024/02/16 14:33
  • TSMC’s potential 1nm factory fuels Chiayi housing boom

    Housing prices in the Science Park in Taibao, Chiai County, have significantly increased due to the possibility of Taiwan Semiconductor Manufacturing Company (TSMC) establishing a 1-nanometer factory in the area. Although the news is not confirmed, the anticipation has led to a surge in pre-sale housing prices, with pre-sale apartment buildings increasing by 8.8% and townhouses rising by 12.6% between 2019 and 2023. TSMC has expressed its land needs to the Southern Taiwan Science Park Management Office, but the final decision to set up the factory depends on various factors. According to the Ministry of the Interior’s statistics, the price per ping in Chiayi County has soared by 65% from NT$101,500 to NT$167,100 between the first quarter of 2018 and the third quarter of 2023. Analysts believe this trend could continue as Chiayi County actively promotes industrial transformation and has six emerging industrial parks, including the potential site for the TSMC factory, the Chiayi Science Park. With the addition of nearby Tai Sugar Corporation’s land, it may meet TSMC’s requirement for a 100-ping plant. Despite the migration issue in predominantly agricultural Chiayi County, TSMC’s factory has the potential to stimulate the housing market by attracting younger out-of-town individuals and influencing the county’s buying and leasing market.
    2024/01/23 16:17
  • Hou Yu-ih aids homeless in cold snap initiative

    New Taipei City Mayor Hou Yu-ih personally visits homeless individuals, distributing cold-weather supplies to aid the less fortunate during the winter chill. The city government has initiated cold-weather care protocols, providing temporary housing and resources for the homeless. District offices, volunteer groups, and community chiefs proactively comfort solitary seniors by phone, providing cold-weather health information and checking on their well-being. The government also reminds residents to prioritize line safety and ventilation when using heating equipment or water heaters to avoid carbon monoxide poisoning. These measures aim to ensure a safe and comfortable winter season for all in New Taipei City.
    2024/01/22 17:57
  • Taiwan’s presidential candidates address housing crisis

    Taiwan’s 2024 presidential candidates focus on housing issues to win young voters’ support. Opposition parties criticize the incumbent president’s housing track record. Experts raise concerns over rising costs.
    2024/01/07 17:37
  • Fact-check center debunks Ko Wen-je’s social housing claims

    Taiwan FactCheck Center refutes Ko Wen-je’s claim that most of Taiwan’s social housing units were completed during his tenure. As of August 2023, Taiwan had a total of 27,781 social housing units, with 6,253 existing residences and 21,528 newly completed units. During Ko’s term as mayor until 2022, a total of 11,383 social housing units were built or constructed, including units initiated by his predecessor, Hau Lung-pin. Of these, only 5,062 units were started and completed before August 2023 under Ko’s administration, accounting for just 23.51% of the nationwide newly completed total. When factoring in Hau’s units, projects completed under Ko’s term totaled 6,359 units, or 29.54% of the nationwide total. These figures contradict Ko’s claim of being responsible for "most" of the social housing projects. The factual data reveals a significant discrepancy between his statement and the reality.
    2024/01/06 17:10
  • New tax structure aims to ease burden for low-income groups

    The Taiwanese government has optimized the income tax system, allowing certain individuals and families to be exempt from income tax. Single individuals renting housing with a yearly income below NT$626,000 will not have to pay individual income tax when filing next year. Additionally, families with two parents and two young children and an annual income below NT$1.641 million will also be exempt. Approximately 47% or 3.05 million Taiwanese households were exempt from income tax in 2021 due to the optimized scheme, which includes increased deductions. Minister of Finance Chuang Tsui-yun clarified that this exemption is not due to poverty. The deductible amount for single individuals renting outside their home area making less than NT$626,000 could exempt them from taxes. For two-income families renting a house, the deductible amount on income tax could reach NT$1.072 million, while a family of four with two children under six could deduct up to NT$1.641 million. If they live with seniors aged 70 or older, the deductible amount could exceed NT$2 million.
    2024/01/05 18:28
  • Ko highlights Taiwan’s challenges under DPP rule

    Taipei mayoral candidate Ko Wen-je criticized the Democratic Progressive Party’s (DPP) governance in Taiwan, pointing out various shortcomings such as shortages of land, water, electricity, talent, and labor during Lai Ching-te’s tenure as premier. Ko also claimed that Taiwan is currently lacking eggs, pork, vaccines, health screening resources, and even toilet paper. He further highlighted present issues including low birthrates, national security risks from an aging population, wage stagnation, inflation, slow industrial transformation, and high housing costs. Ko accused the government of not allocating special budgets for expenditures, resulting in an alleged surplus of NT$900 billion, and criticized their lack of transparency. He expressed disappointment with the DPP’s failure to address issues left by the Kuomintang (KMT) after eight years in power. Additionally, Ko mentioned that Taiwanese people generally feel insecure about the current status of the Taiwan Strait, which has caused societal discord, political factions, and cross-strait unrest.
    2023/12/30 17:05
  • Hou Yu-ih lists DPP’s ’top ten’ policy failures in 8 years

    The Kuomintang (KMT) presidential candidate, Hou Yu-ih, listed the ten major policy failures of the ruling Democratic Progressive Party (DPP) during a livestream presidential debate. These failures include ineffective energy policies, food safety violations, deteriorated public security, debt burdening future generations, critical issues in people’s livelihoods, housing injustice, rising cross-strait military threats, plummeting wages, skyrocketing house prices, and ineffective pandemic responses. Hou elaborated on specific examples such as solar power corruption, tainted food black market dealings, overspending on "forward-looking" infrastructures, a lack of electricity and water, regulatory failure in the National Communications Commission (NCC), failed social housing policies, the threatening potential of military conflict, income inequality at a ten-year high, and around 20,000 deaths during the COVID-19 pandemic. Hou expressed regret over his opponent, DPP presidential candidate Lai Ching-te’s campaign methods, accusing him of slander and displaying incompetence and unscrupulousness. Hou confirmed his opposition to Taiwanese independence while claiming that Lai advocated for it. He also criticized former Taipei Mayor and current Taiwan People’s Party (TPP) presidential candidate Ko Wen-je for not responding to this issue. Hou emphasized his lifelong pledge to remain loyal to the Republic of China’s flag and safeguard Taiwan’s democratic freedom.
    2023/12/30 15:47
  • Hou thanks wife for transforming mansion into social housing

    Kuomintang (KMT) presidential candidate Hou Yu-ih expresses gratitude for his wife’s decision to convert her property, Kai-hsuan Mansion (凱旋苑), into a social housing complex or youth dormitory for rent in the future. Hou emphasizes that the property does not belong to him and pledges to withdraw from the presidential race if found involved in illegal funds. With elections approaching, false accusations and insinuations surround him, causing concern for his wife. Jen Mei-ling, his wife, confirms the legal inheritance, construction, and taxation of the mansion, which will be converted into a youth dormitory or social housing complex after the current rental contract expires in June 2026.
    2023/12/28 16:00
  • 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
  • DPP candidate outlines vision for expanding public housing

    DPP Presidential candidate Lai Ching-te proposes using 5% of land in New Taipei City’s Wen Tzu-tsun redevelopment area to build 10,000 public housing units, surpassing his KMT contender’s plan of 2,100 units. Lai suggests that if local officials are unable to implement his suggestions, they can sell the land back to the government for construction. He also aims to exceed the 200,000-unit goal set by President Tsai Ing-wen, with plans for over 130,000 additional units and an increase of 170,000 units through trustee management, ultimately reaching a 300,000-unit goal. Lai suggests that non-special municipalities offer 3% of land area for public housing, while special municipalities offer 5% during urban land redesignation or district expropriation.
    2023/12/26 22:09
  • Lai Ching-te slams KMT rival over ’housing disinformation’

    The Democratic Progressive Party (DPP) presidential candidate Lai Ching-te criticizes Kuomintang (KMT) candidate Hou Yu-ih for spreading disinformation about social housing developments. Lai responds to accusations made during the second Central Election Committee (CEC) policy presentation by stating that his administration had plans for over 200 social housing units, currently under construction in Tainan. Lai also highlights his establishment of the National Housing and Urban Regeneration Center (HURC) during his time as Premier, which has aided in social housing development. He credits President Tsai Ing-wen for surpassing local governments in the construction of social housing, thanks to the HURC’s establishment.
    2023/12/26 20:14
  • Hou Yu-ih highlights public childcare achievements

    Kuomintang (KMT) presidential candidate Hou Yu-ih highlights his achievements in public childcare in New Taipei City, having established 121 facilities, surpassing other major cities in Taiwan combined. Hou criticizes his Democratic Progressive Party (DPP) opponent, Lai Ching-te, for lacking concrete efforts in providing care for children up to the age of 22. Hou also questions Lai’s commitment to waiving high-school fees and granting university subsidies, suggesting irresponsibility towards young people. Additionally, Hou points out Lai’s failure to plan social housing during his tenure as mayor of Tainan, while New Taipei City completed 11,000 units under his leadership.
    2023/12/26 19:51
  • Lai vows to uphold Tsai’s 200K housing units promise

    Democratic Progressive Party (DPP) presidential candidate Lai Ching-te reaffirms President Tsai Ing-wen’s commitment to delivering 200,000 units of social housing. Lai outlines his plans for the future, including the construction of 130,000 new housing units and the management of another 170,000 units, bringing the estimated total to 300,000. He clarifies that contracts for over 120,000 units have already been put in place, with more than 80,000 units available for rent under management. Lai also highlights his plans for residential developments in New Taipei’s Wen Tzu Tsun, where he aims to provide nearly 10,000 additional units by using only 5% of the available land. He suggests that the necessary land for these developments could be provided by the central government or through zoning requisitions and city re-planning by local governments.
    2023/12/26 17:45
  • Gov’t set to surpass social housing goal by 107% next year

    The National Property Administration (NPA) in Taipei expects to exceed its goal of 200,000 social housing units by next year by 107 percent. Currently, there are already 94,023 social housing units completed or under construction, surpassing this year’s target of 20,000 units. The NPA provides rental housing matchmaking services to socioeconomically disadvantaged groups using private residential resources and professional management. Additionally, the NPA has proposed a new housing policy goal for 2025-2032, aiming to establish 250,000 direct social housing units, 250,000 units under rental management, and 500,000 units with rent subsidies. The NPA plans to implement more comprehensive housing policies to address the housing needs of different groups and alleviate the public’s housing burden.
    2023/12/21 17:50
  • Hou Yu-ih pledges brighter future for Taiwan’s youth

    KMT presidential candidate Hou Yu-ih expresses commitment to a brighter future for youth, highlighting his pragmatic and steady approach. Despite lower support among young voters compared to TPP candidate Ko Wen-je, Hou aims to attract their support through initiatives like a housing subsidy and tax deductions. He emphasizes the importance of engaging with young people and understanding their perspectives for the future.
    2023/12/20 21:15
  • Jaw Shaw-kong slams Lai Ching-te over Wanli housing issues

    KMT vice presidential candidate Jaw Shaw-kong criticizes DPP presidential candidate Lai Ching-te’s family house in Wanli District, questioning its legality and the presence of military police. Jaw also accuses Lai of neglecting housing issues in mining areas and highlights the DPP’s disregard for non-urban planned lands. The controversy surrounding the Wanli property reflects the intense scrutiny candidates face over personal and family matters during elections.
    2023/12/20 18:41
  • Taiwan’s Legislative Yuan amends new property tax law

    Taiwan’s Legislative Yuan has passed a law amendment known as "Housing Tax 2.0," which will raise the residential property tax. The new tax will take effect on July 1, 2024, with taxation beginning in 2025. The Ministry of Finance estimates that around 4.45 million households will be affected by the revised tax, with approximately 3.1 million households benefiting from a preferential tax rate for single residency. This could potentially generate an additional revenue of NT$2.27 billion to NT$3.27 billion. Under the new system, residential properties will be categorized as "self-use" or "non-self-use," with a national limit of up to three properties classified as "self-use." The house tax will continue to be collected annually from May 1 to May 31, based on ownership from the prior year’s July 1 to the current year’s June 30. The amendment also requires that "self-use" residences meet household registration requirements in addition to the existing provisions regarding rental and occupancy by the owner, spouse, or direct relatives. The tax reform will have a significant impact on 10 municipalities that have not yet implemented the housing hoarding tax. To support the legislative changes, four supplementary regulations will be introduced, including differential tax rate modules, calculation formulas, principles for determining the number of household property holdings, and revisions to the organization of the Real Estate Evaluation Committees. All subsidiary regulations are scheduled to be amended by July 1, 2024.
    2023/12/20 18:10
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