Summary about cost of living in Taipei, Taiwan:
Restaurants | |
Range |
---|---|---|
Meal, Inexpensive Restaurant | 3.52 € | |
Meal for 2 People, Mid-range Restaurant, Three-course | 23.46 € | |
McMeal at McDonalds (or Equivalent Combo Meal) | 4.11 € | |
Domestic Beer (1 pint draught) | 1.61 € | |
Imported Beer (12 oz small bottle) | 2.35 € | |
Cappuccino (regular) | 2.77 € | |
Coke/Pepsi (12 oz small bottle) | 0.77 € | |
Water (12 oz small bottle) | 0.60 € | |
Markets | |
|
Milk (regular), (1 gallon) | 10.36 € | |
Loaf of Fresh White Bread (1 lb) | 1.48 € | |
Rice (white), (1 lb) | 1.30 € | |
Eggs (regular) (12) | 2.14 € | |
Local Cheese (1 lb) | 7.94 € | |
Chicken Fillets (1 lb) | 3.65 € | |
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) | 7.86 € | |
Apples (1 lb) | 1.99 € | |
Banana (1 lb) | 0.83 € | |
Oranges (1 lb) | 0.92 € | |
Tomato (1 lb) | 1.20 € | |
Potato (1 lb) | 0.98 € | |
Onion (1 lb) | 0.81 € | |
Lettuce (1 head) | 1.44 € | |
Water (1.5 liter bottle) | 1.11 € | |
Bottle of Wine (Mid-Range) | 11.73 € | |
Domestic Beer (0.5 liter bottle) | 1.51 € | |
Imported Beer (12 oz small bottle) | 1.93 € | |
Cigarettes 20 Pack (Marlboro) | 3.52 € | |
Transportation | |
|
One-way Ticket (Local Transport) | 0.59 € | |
Monthly Pass (Regular Price) | 37.54 € | |
Taxi Start (Normal Tariff) | 2.05 € | |
Taxi 1 mile (Normal Tariff) | 1.18 € | |
Taxi 1hour Waiting (Normal Tariff) | 7.33 € | |
Gasoline (1 gallon) | 3.06 € | |
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | 26,394.55 € | |
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | 21,104.97 € | |
Utilities (Monthly) | |
|
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment | 72.95 € | |
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) | 0.15 € | |
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | 18.68 € | |
Sports And Leisure | |
|
Fitness Club, Monthly Fee for 1 Adult | 38.02 € | |
Tennis Court Rent (1 Hour on Weekend) | 11.44 € | |
Cinema, International Release, 1 Seat | 8.80 € | |
Childcare | |
|
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | 510.09 € | |
International Primary School, Yearly for 1 Child | 13,474.69 € | |
Clothing And Shoes | |
|
1 Pair of Jeans (Levis 501 Or Similar) | 73.31 € | |
1 Summer Dress in a Chain Store (Zara, H&M, ...) | 28.55 € | |
1 Pair of Nike Running Shoes (Mid-Range) | 81.38 € | |
1 Pair of Men Leather Business Shoes | 102.65 € | |
Rent Per Month | |
|
Apartment (1 bedroom) in City Centre | 537.01 € | |
Apartment (1 bedroom) Outside of Centre | 364.33 € | |
Apartment (3 bedrooms) in City Centre | 1,376.60 € | |
Apartment (3 bedrooms) Outside of Centre | 785.48 € | |
Buy Apartment Price | |
|
Price per Square Feet to Buy Apartment in City Centre | 968.97 € | |
Price per Square Feet to Buy Apartment Outside of Centre | 588.38 € | |
Salaries And Financing | |
|
Average Monthly Net Salary (After Tax) | 1,349.36 € | |
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 1.77 |
Would you like to live and work in Taipei?
Cost of Living in Guangzhou | 5.22 miles |
Cost of Living in Chi-lung | 12.98 miles |
Cost of Living in Keelung | 12.98 miles |
Cost of Living in Tucheng | 13.37 miles |
Cost of Living in Shulin | 15.80 miles |
Cost of Living in New Taipei City | 19.05 miles |
Cost of Living in Zhongli City (Jhongli) | 28.86 miles |
Cost of Living in Yilan | 35.87 miles |
Cost of Living in Zhubei City | 49.12 miles |
Cost of Living in Hsichih | 51.94 miles |
DeutschLebenshaltungskosten in Taipeh
PortuguêsCusto de Vida em Taipé
ItalianoCosto della Vita a Taipei
FrançaisCoût de la Vie à Taipei
EspañolCosto de Vida en Taipéi
We lost our two sons one daughter and 5 close friends to covid19 so far.
There isn't any forgetting or forgiveness.
What the Chinese government and citizens of China did was just cold blooded heartless murders on a global scale as the comments on Jan.5 2021 stated.
Then the witch Tsai might understand the hardship of Taiwanese who are suffering due to the very inhumane policies imposed by her that resulting not being provided of the essential plastic bag for food purchase in the super market as well as being unreasonably and outrageously charged of additional consumer tax for each individual bamboo chopstick, paper box, plastic spoon of takeaway food.
Tsai and her blood line shall not rest in peace forever as long as Taiwanese are suffering due to the aforementioned inhumane policies imposed by her so before it's too late Tsai must abolish the aforementioned inhumane policies imposed by her immediately so as not to harm Taiwanese anymore.
Traitor Tsai is the main reason why Taiwan might be attacked very soon by China or else no war is expected for Taiwan for the next 100 years.
Trump is out at the end of this year and China is coming for revenge only upon the most hateful traitor Tsai and roast the traitor Tsai alive until her death to appease its anger.
Butchering of the Traitor Tsai by China is not important for all Taiwanese but people in Taiwan should not suffer for the sake of the wicked, moron traitor Tsai which is nothing more than a dog in Taiwanese's eye as the traitor Tsai is making the people's life harder by forcing to pay inhumane tax for each and individual chopstick, spoon, box of takeaway food unlike never seen in human history and the fare of city bus was also raised double under her administration, etc.
The traitor Tsai shall surely go to hell for causing suffering and unnecessary pressure and burden to all Taiwanese unlike never seen before during her administration after China roasts her alive to death.
Uni graduate barely making 30~40K NT/month (before tax).
Taiwan or Taipei is good or bad can be seen through web https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita
Be aware, here we discuss about cost of living, rather than politics of living. Although there are quite some people admire China and the “One country two system”, they refuse to live in China....
See what happens when Covid-19 occurs these months, and the world understands.
According to a recent news, a Taiwanese left his quarantined hotel room in Taipei to travel to abroad but was fined with a whopping 1 million NT dollar unreasonably for leaving his quarantined hotel room.
Taipei hotel is well known to be expensive comparing other cities, such as Kuala Lumpur, Osaca, etc.
And the aforementioned person is a Taiwanese, not a tourist so he should have a house in Taiwan so should be quarantined in his home in Taiwan instead in order to save the burden of the expensive hotel room cost in Taipei for a whopping 2 weeks stay.
Taiwanese should be well treated with respect and fiarness according the way of democracy so Taiwanese should not be targeted for ripoff especially by their government or else where is law and justice for Taiwanese?
Government servents such as the culprit vice mayor should not abuse power given by Taiwanese people to add unreasonable burden to Taiwanese such as the aforementioned victim Taiwanese. If home quarantine were not allowed by the government for Taiwanese, government should bear the cost of all other types of quarantined methods.
The Taipei government is very inconsiderate of the burden of the returning Taiwanese by not arranging a home stay quarantine for the aforementioned Taiwanese so the seemingly lawless vice mayor of the Taipei government should take a responsibility by resigning immediately for her foolish action of badly harming the well-being and interest of the aforementioned Taiwanese.
Please everybody believe the spiteful virus infected Chinese 50 centers comments below , don't come here . :)
Don't know how much Mr. Song received offer from the ruling democratic party to run for the presidential race because the ruling democratic party is well aware that as long as Mr. Song is in the presidential race, KMT has absolutely no chance to win.
So KMT must find a way not to lose vote due to Mr. Song.
Anyway, Mr. Song must withdraw from the presidential race in order for KMT to be able to race with the ruling democratic party fairly.
Or else the ruling democratic party is now merely playing with the hopeless KMT for fun's sake without the stupid KMT being aware of its destined doom in this presidential race though KMT racing seriously which is useless as long as Mr. Song is a candidate in the presidential race.
And the guy before you...lol
Cheap lunches, noodles and rice are 100 ntd, better lunches 200 to 300 ntd.
Taiwan is spending BILLIONS of USD purchasing US made weapons systems supporting thousands to tens of thousands of jobs in the US.
https://www.reuters.com/article/us-usa-china-taiwan-congress/u-s-house-passes-pro-taiwan-bills-amid-trade-tensions-with-china-idUSKCN1SE00T
Also the Taiwan relations act.
https://en.m.wikipedia.org/wiki/Taiwan_Relations_Act
108 General Dynamics Corp M1A2 Abrams tanks worth around $2 billion (€1.7 billion)
1,240 TOW anti-tank missiles worth $200 million
409 Javelin anti-tank missiles
250 Stinger portable air defense systems.
There are also reports that Taiwan may be seeking to buy 66 more F-16 fighter jets.
The US Congress, which has to approve the deal, has been sent an informal notification, according to Reuters news agency.
Taiwan and the US are allies .
Now stop talking politics here especially if you don't live in Taiwan . Bye.
However, sadly the inaction and irresponsible attitude of both mayors, Ko Wen-Je and Hou You-Yi of Taipei and New Taipei is regrettable.
If these both mayors were responsible a bit, they should secretly shut down the culprit "Taiwan news" immediately and detain all responsible people without bail indefinitely in prison with the hardest labor in return for defamation of the interest of the residents of the Greater Taipei.
Ignore folks. They are bitter people wreck every internet forum!
20.4 millions US dollar for just escalators for 16 MRT stations, can anyone believe? How come the tax blood of Taiwanese are being sucked and cheated gradually by the most stupid Taiwanese called Tsai president.
Expanding Taipei’s Popular MRT
https://topics.amcham.com.tw/2019/03/expanding-taipei-mrt/
This is just one case and Tsai also initiated many projects for infrastructures so should already make lots of money by raising the budget more than needed by as much as more than half.
Tsai is the most worthless president ever elected in Taiwan as her stupidity has been exceedingly clarified since she argued and acted like a crippled moron with the previous Ma president on TV debate for presidential election where she failed miserably.
What can Taiwan blame for electing the most unworthy Tsai for president position? Blame the ignorant Taiwanese who most of them also already regret now electing the most stupid Taiwanese for president position.
Tsai moron makes Taiwan the worst living hell on earth where in Taiwan you won't be provided a free plastic bag for shopping at RTC, Carrefour, etc and even with money you can't purchase plastic bag at the cashier but only more expensive bag costing at least 15 times of the price of plastic bag.
Hope the moron Tsai shops like a normal Taiwanese without taking taxi and personal car and instead take the city transport bus or MRT to understand the hardship of Taiwanese.
Even Japan provide free environment friendly plastic bag for the convenience of its citizen unlike inconvenient Taiwan under Tsai mess-up
Meal cost has also been raised as much as 50% under Tsai mess-up so Taiwanese are not happy anymore comparing to the era under the previous great presidents. Taiwanese were much happier under the previous Chen president who did help alleviate the burden, hardship, etc of his people and Taiwanese were content during his presidency.
The title is President Tsai.
Enjoy the pollution in Beijing.
Cheaper option of taxi such as Grab is not still yet allowed to operate in Taiwan to protect the interest of expensive taxi service.
Tsai government seems to treat Taiwanese as walking ATM machine worthy to be ripped off.
This dumbass Tsai government even announced in the news below to subsidize taxi driver to purchase new cars as much as NT$350000 (US$11300) for each car.
Ministry outlines taxi subsidies
http://www.taipeitimes.com/News/taiwan/archives/2019/02/25/2003710370
After wasting all the government money and consequently destroying Taiwan, Tsai should not worry where to run because her late father's boss, the japan emperor and his descendants would accept her as a faithful dog as usual but not as worthy as the pure Japanese in blood.
Anyway I'm done arguing here. Now the average salary in Taipei is 36k? Lmao. This site is laughable.
In Taipei many working age professionals live at home to save money this adds their salary to the household income along with their parents. This is actually very common to have a household of 3 working adults in Taipei and Taiwan. The average household in Taipei has 2.2 working Adults.
Monthly basic wages rose 1.63 percent from last year to NT$38,656, the data showed.
http://www.taipeitimes.com/News/taiwan/archives/2017/12/03/2003683359
Average income in Taipei is around 55K - 60K
40K is probably Taichung.
Nobody is controlling the fake abroad contributions here?
Just check if you've received a significant numbers of contributions that had the same pattern recently. If you do, maybe you should do something about it. Not that this site is particularly relevant, but those who come and check the statistics do exist.
So you are not going to look into the fact that the contribution has dramatically altered the figures within a few months? Comparing the mid-year statistics and the statistics NOW, the rent has sored by 50% and the salary dropped by 50%. Isn't there something fishy there? Have you not received waves of "contribution" that have manipulated the figures?
As for the sources I provided, if the household income is 1.6 million in a city, how on earth can the average salary be only 40k? Even if you take the percentage of female workforce and other incomes into account, that is still ridiculous. 40k*12 is not even a third of that number. Btw the average working population within a household is 1.34 in Taipei City. Not 3.
Finally, according to official statistics, average salary in all of Taiwan is around 50k. Source: https://tradingeconomics.com/taiwan/wages (It's hard to find something in English as you obviously wouldn't be able to read Chinese).
https://win.dgbas.gov.tw/fies/214.asp <- Household income.
https://rent.591.com.tw/?kind=2®ion=1 <- Renting site.
If you're the real administrator, don't you find that the sudden drop of the salary from your contributors a bit weird? Last year and the first half of this year it was still around 60-70k, now it's only 40k. Same with the rent. It was still 15k a month ago, and now suddenly it's 26k. This is very misleading. I'm suspecting that some of your contributors are actively trying to vandalise the figures.
And to the idiot who says that household income has nothing to do with salary: where do you think the household income comes from? Besides, you think a family of four has 4 fucking salaries? Are you really that stupid?
And again the salary is way higher than 40k in Taipei city. This site is turning into a joke.
People are well educated and well behaved than most Asian countries.
MRT system is very clean and efficient, you have to buy a transit card - 悠遊卡
Their transit card can also use at shops like 7-11 or coffee shops.
I really like this city more than Canada, it's my 7th year in here.
About 55K a month.
Some people use different IP to type the fake number try to lower the average, we all know it isn't real!
Outside the average drops except for Hsinchu.
Average household income is all members of the household and all assets, that's a different thing!
Outside the average drops except for Hsinchu.
Average household income is all members of the household and all assets, that's a different thing!
Graduates make less money everywhere in the world.
Soaring house prices only benefits people like me who are selling at this time, I agree its horrible if you're looking to buy in a 2018 market that is overpriced like Taipei.
You talk as if soaring house prices are a good thing. Laughable.
Good luck Taiwan Real Estate Bubble investors...Losing so much money sucks.
Meanwhile I'm making a killing in the US, Singapore on my properties.
https://www.youtube.com/watch?v=OBTUc2xvxeg
And give me a fucking break. In which country isn't the average skewed to the ultra rich? I feel like none of you idiots really know what the word "average" means.
"About 31 percent of all workers in Taiwan earned less than NT$30,000 per month this year, falling for the eighth consecutive year, according to the Directorate-General of Budget, Accounting and Statistics (DGBAS). The data also showed that 18.94 percent of employees earned more than NT$50,000 a month this year,"
http://www.taipeitimes.com/News/taiwan/archives/2017/12/03/2003683359
https://www.youtube.com/watch?v=iGbC5j4pG9w
Now this is a sane investment as rental can fetch quite a lot. Salary is high to justify the cost and there are many renters in this part of town.
Japans real estate bubble has burst a while back due to aging/ dwindling population something Taiwan is about to go through.
Asia Tigers Real Estate Bubble Bursting/Cooling off
World’s Worst Property Market Confronts Taiwan’s New President 2016- Falling ever since 2016
https://www.bloomberg.com/news/articles/2016-05-26/world-s-worst-property-market-confronts-taiwan-s-new-president
Bejing, Shanghai, Shenzhen Prices falling -2018
https://www.wsj.com/articles/chinas-hot-housing-market-begins-to-cool-1516098600
Bangkok Property falling 2018
https://www.globalpropertyguide.com/Asia/Thailand/Price-History
Seoul Property Cooling down
https://www.globalpropertyguide.com/Asia/South-Korea/Price-History
Hong Kong’s home prices may fall by half in next 10 years, Deutsche Bank says
http://www.scmp.com/property/hong-kong-china/article/2097546/hong-kongs-home-prices-may-fall-half-next-10-years-deutsche
Lots of markets are in a bubble now, even in Uzebekistans capital Azgabat a 1000sq ft condo goes for 500k USD! There is no reason for this as I've studied the area/rent etc. In Malaysias Sabah reigion in the Jungle there are poorly built condos selling for 500k USD! All are incredible bubbles of speculation. Jin I can clearly tell you're a speculation buyer....its called gambling, you can make a lot if the timing is right but you can lose a lot of the timing is bad because the rental value is incredibly low compared to purchase price. Singapore and HK still demand a decent rental return on price.
When trying to profit off real estate you have to check your ego and pride for your country at the door. Its all business and Taipei and much of Taiwan is a bad investment in 2018 to buy in.
I can clearly tell don't understand the Hongkong, Bangkok or Singapore markets. Singapore and Hongkong have increasing populations and extremely limited land. Bangkok is over valued like Taipei which is why their real estate is dropping fast recently and I see Taipei eventually going the way of Bangkok.
As for Singapore and HK They are also financial centers of the world, a lot of money and trading goes through here. There is also a sizable population with a very high income that can sustain it.. HK is mainly due to Wealthy main land buyers the past 20 yrs. Taipei is not it does not have a population that is open to world trade markets having been more open to Mainland trade alone. Yes Taipei is also a small city but that doesn't account for why New Taipei City is incredibly expensive.
Taipei real estate prices are dropping, I will pick them up cheaper when people like you sell them at a loss. Taiwan needs to do more to boost its local economy and raise wages across the board. Taiwans Rent vs Property price is the highest disparity on the world. Seoul is also in a Bubble currently as well as Beijing. The property is only worth what someone will pay for it.
Beijing property is almost at least twice as expensive as Taipei property. Don't you think the property price in Beijing isn't acceptable either, you idiot. It is very idiotic of you in the first place to compare Asian cities with cities from America or Euro.
Unless being suppressed of the property price by the current Taiwan government, Taipei property price should have already caught up with similar cities such as Shanghai, Hong Kong, Beijing, Seoul, Singapore, etc. So it is just a matter of time, Taipei property will climb up to where it belongs where its colleagues are now. (The property price of future Taipei can be predicted accurately now just by looking at its colleagues)
Crooked Semi-foreigner ! Fighting for Taiwan doom will never work with your idiotic slander !
I can tell you my Properties in certain parts of the US have an ROI of about 10-12% on rent.
I can buy a 15 million NTD House and rent it out for 80,000 NTD a month in markets outside of Taiwans crazy Bubble.
A real Estate Investor makes money on both Cash Flow from high (ROI) on Rent and from property value increases.
Amatuer real estate gamblers try to take lucky gambles once in a while on speculation prices..
Then hilariously states Taipei has higher wages than Beijing but is poor Taipei.
Taipei ain't poor it's a good city not some polluted overpriced hellhole like a lot of the mainland.
Me I'm enjoying the cheap rent :).
Thats called a poor odds gamble,.. Without rising rent due to high wages to earn along with equity its a risky market. 2006-10 would have been a good investment in Taipei. Taipeis wages are the lowest of the Asian Tigers btw, there are multiple reasons why HK and Singapore markets are being priced up none of those factors are happening here in Taiwan.
Anonymous 2 down is making some idiotic political statements why barely understanding Real Estate prices, I think he/she must have an invested interest in Taipei.
Try to apply some foreign exchange student programs in Taipei.
You might get some opportunities after graduated.
I really like here.
The price and rent of Taipei/New Taipei is already the lowest (at the bottom level, just waiting the right time to ascend to a big surprise) among its colleagues, the four asian tigers, Seoul, Singapore, Hong Kong.
So it is just a matter of time that both price and rent shall be catching up to its colleagues within 2 or 3 years the most.
It is absurd to see even the price and rent of lower-waged Beijing property is higher than Taipei/New Taipei. No wonder even Beijing starts looking down on Taipei/New Taipei with contempt now, thanks to this imprudent government suppression (actually self-infliction upon itself) upon its potential Taipei/New Taipei property market unlike Beijing where the property price has been raised at least
one or two times during the last 3 years and then now the outcome this unsophisticated government reaps is challenge after challenge on top of poor Taipei contempt from Beijing.
The housing is too expensive already for many people.
It's very hard to get ahead without family money and assets in Taiwan, salary rares are simply too low.
I am also a high earning long term resident of Taiwan know many business people.
Business people abd company owners don't share enough profits with their workers that is the truth .
There are also a lot of empty high end apartments.
At least rent is fairly cheap in Taiwan. I currently pay just 10% of my earnings for rent.
But my monthly wage is just $600 ( $18K TWD )
My cousin work as Russian/ Mandarin translator in Kaohsiung, she makes 90k TWD there.
How can I move to Taiwan ?
I rent an apartment for 46k and much of my area is empty and new.
People you should WANT TO IMPROVE TAIWAN....stop arguing against helping the poor middle class here. Real estate alone isn't going to drive an economy! Yes there are Ultra Rich in Taiwan and its sad to see the gap widening between them and the middle class.
Anyways I'm doing fine financially but as an ABC I want to see locals here doing well too and I see the greed of these big bosses ruining it for Taiwan.
Regardless of all these crazy bonuses you're talking about...they are a thing of Taiwan's Past not present. Taiwan used to give crazy bonuses in Stocks etc for Tech companies like Hong Hai, TSMC, Renbao, HTC etc. 20-30 years ago that was common. Now a days and in 2008-2012 you were lucky to get 1 month, some very few people got 3-4 I have a few friends in middle and upper management in these companies so I know and also friends in HR.
The very fact is the Finance Ministry last week just announce that the Average Wage in Taiwan Including ALL BONUSES + Benefits and Salary is only 49,894 NTD. Taipei's is roughly 51,000 NTD Gross when including bonuses etc. They said the median Salary is closer to 34,000 NTD for Taipei.. aruge all you want against the last Facts and Statistics.
Lucia Simpson- Whose starving to death in US and Canada? Are you friggin kidding me lol thats idiotic
Taiwans real estate isn't going to Skyrocket unless you're a Realtor and live in your own dillusional world outside of statistical reality. I know many Realtors or people's whose investments and livelihoods want it to Skyrocket but unless Wages increase its not going to happen.
Beijing's 2nd and 3rd Ring Road are more expensive than Taipei. China has now the manufacturing to back it up. Let me ask you this...whose going to be buying these houses if youre making 30-60K NTD a month? Even if you make 100k NTD a month thats PEANUTS!!! You shouldn't be buying a house worth 15 million NTD to financials dont add up unless your financial future is based solely off a single GAMBLE that property prices will rise and you Wont be under water on your mortage LOL.
Everyone one of my friends in LA in their 30s now owns a house worth 500k usd to 1 million Without help from Parents. No one I know in their 30s in Taiwan will ever dream of owning a house outside of their rich parents helping or an 80% mortgage.. When Google bought out HTC engineers they automatically gave a 30-40% raise to the new hires forcing the greedy Taiwan companies to follow suit to keep Talent. HTC now says it will give raises to employees to try to catch up to Google.
You guys should just work harder and stop being like cry baby.
If you don't have a particular skill or certificate, you're income is the same shit even you're in US, Canada or other countries.
At least Taiwan government did great job not letting their people starve to death.
We have so many young homeless people in Canada here, Taiwan seeks a lot better than my country.
Renting out is the quickest in Taipei/New Taipei comparing to UK, in experience, a tenant contacted one of my friend in less than 3 hours after Tipei property posting and the tenant accepted the deal, all was done within 4 hours which seems never happened with any property belong to my friends and family members in UK. So it is not true mentioning vacancy rate in Taipei is as high as 20% but would rather say there is almost no vacancy rate for property in Taipei/New Taipei, almost all properties in Taipei/New Taipei are fully occupied and the demands are also quite high too comparing to UK.
The property price in Beijing is even much more expensive than Taipei/New Taipei though the salary in Beijing is low as merely HALF OF THE SALARY in Taipei/New Taipei.
However, Bonus payment amount including stock shares in Taiwan is the highest in Asia and the bonus amount is up to 20 times of the annual salary ( proof? higher standard of living in Taiwan) which is rarely seen in Singapore and Hong Kong.
The property price in Beijing has almost doubled during just within the last 3 year though the property price in Taipei/New Taipei hasn't moved a bit upward during the same last 3 years due to the property suppression from the current unreasonable Taiwan government.
However, there is no whatsoever downward pressure present anymore in term of property price due the the pressure from the current government because the current property price in Taipei /New Taipei is already at the bottom line so nothing to lose from the Taipei/New Taipei property purchase but the only remaining is to reap gain in the coming few years, that's all.
However, as soon as the current unreasonable Taiwan government is gone probably after 1 or 2 years, property price in Taipei/New Taiwan is ASSURED to skyrocket higher than that was experienced in Beijing during the last 3 years. With profit earning from businesses, have never lost interest in hunting for deals in Taipei/New Taipei properties until now so already secured many good properties under umbrella because well aware of in the next 1 or 2 years, the profit returns from Taipei/New Taipei properties would be indeed much more greater than what Beijing property profit during the last 3 years.
Singapore is due to much higher wages than Taiwan. Taiwans wages are by far the lowest of the 4 Tigers and declining even more. Unless Taiwan does something including the businesses soon Malaysia will catch up in coming years.
In other news Stocks have been doing well as an investment in Taiwan vs Housing due to unaffordability of houses.
Taiwans wages are so low compared to Singapore, Korea and Hong Kong. Lets not begin comparing to the West or Japan. Taiwan pays peanuts slave wages to its work force sadly. There is already a 20% vacancy rate of houses in Taipei all empty. The current Millenial generation will not be buying more houses as there is a huge population decline so there will be a huge abundance of available property and not enough people living in them. Its not a problem 20 years from now, it will be very obvious in 10 years before anyones Mortgage who buys now runs out. Taipei is a very bad investment to see a return on money in 2018-2030. Taipei was a VERY GOOD investment in 1990s-2004.
Taipei Investment for Real Estate
1990s-2004- Excellent
2004-2008 - Ok
2009-2012- Bad
2013-2018- Extremely Poor Investment- Kiss you money goodbye.
2019-2028. Huge Bubble Crash potential.