Compared with the same period last year, the policy environment this year has become increasingly friendly, but public confidence in the housing market still needs to be cultivated.
The number of buildings transferred for sale and purchase in Liudu in October this year has been released! There are a total of 17,566 buildings in the six capitals, a monthly decrease of 2.1% and an annual increase of 3.4%. The data for each city are as follows: Taipei has 1,919 buildings, a monthly decrease of 10%, and an annual increase of 9.2%; New Taipei has 4,347 buildings, with a monthly inspection of 7.1% (the original text is a monthly decrease of 7.1%), an annual increase of 3.4%; Taoyuan has 3,496 buildings, a monthly decrease of 1.7% %, an annual increase of 7.9%; Taichung 3,623 buildings, a monthly decrease of 6%, an annual decrease of 3.8%; Tainan 1,406 buildings, a monthly decrease of 1.5%, an annual decrease of 7.9%; Kaohsiung 2,775 buildings, a monthly decrease of 4.8%, an annual increase of 11.3%. In October, the overall annual growth rate of transaction transfers in Liudu was positive, bringing the cumulative number of transferred buildings in the first ten months of this year to 169,000, an annual increase of 0.2%, and the annual growth rate officially turned from negative to positive.
Chen Dingzhong, senior manager of the Taiwan Housing Trend Center, said that October was a year of frequent holidays and typhoons, which resulted in slightly fewer working days than in September. The administrative process for home purchase transfers was slightly delayed, which also interfered with the pace of people's home purchases. Moreover, the recent situation of loan allocation is still tight, and the boosting effect of the central bank's second relaxation of credit control in mid-to-late September has also been delayed, causing the transaction volume of the four cities in October to decrease slightly compared with the previous month.
Chen Dingzhong pointed out that compared with the same period last year, the policy environment this year has become more and more friendly, but people's confidence in the housing market still needs to be cultivated. Therefore, from the beginning of the year to the end of the year, the market reaction did not rebound instantly, but in a stable and moderate direction. Especially after the election, the focus of people's lives shifted back to the field of people's livelihood, and the attention to the housing market is expected to increase. Therefore, it is expected that the development of the housing market throughout the year will eat sugar cane and end with a slight increase.
Observing the monthly growth performance of each city, New Taipei City was the strongest, mainly benefiting from the contribution of new projects completed and handed over in rezoning areas such as Bali Taipei Port, Danhai New Town, and Xindian Yangbei. Taipei City ranked first among the six cities due to a surge of more than 20% last month, but it also increased the base period, making the monthly decrease relatively sharp after returning to normal in October.
Zeng Jingde, project manager of Xinyi Housing Real Estate Enterprise Research Office, said that the real estate market in October gradually entered the traditional peak season of the fourth quarter. Although it is still dominated by self-occupancy, the peak season benefits are still expected to drive transactions to slowly increase. If there are no other external events to intervene, the real estate market should show stable prices and slow growth.
In terms of annual growth rate, all northern cities have good growth performance. Taipei City continues to be driven by technological issues. The transaction volume in Beitou District, where Beishike is located, doubled in October this year compared with last year. Taipei City also leads the three northern cities in annual growth rate.
The annual growth rate of central and southern cities is different. Li Jiani, deputy manager of the Trend Center of the Taiwan Housing Group, said that Nanzi in Kaohsiung’s TSMC concept area and Sanmin District, which has strong demand, have pushed for housing handovers, ranking first among the six cities with an annual growth rate of more than 10%. Tainan City has been limited by the improvement of the Nanke concept area, the housing handover boom in Yongkang has paused, and many peripheral protein areas where prices and volumes surged during the peak of the boom. The recent transaction volume has continued to converge, making the transaction volume in October this year hit a new low for the same period in the past 16 years, making it the city with the largest annual decrease.
Zhuang Simin, deputy manager of CITIC Housing Research and Exhibition Office, pointed out that the short-term market will still have owner-occupied demand as the main customer group. Whether the overall transaction volume can rebound significantly depends on whether buyers and sellers can reach a consensus on price perception. Compared with the market atmosphere of chasing prices and rushing to enter in the past, home buyers at this stage pay more attention to the total price burden, living functions and transportation conditions. Properties with actual living needs and prices that meet the market conditions still have the opportunity to stand out in the current market environment.
