The Taipei City Land Affairs Bureau announced the number of buildings transferred for sale and purchase in September this year. The number of buildings transferred for sale and purchase in the city was 2,133, an increase of 20.2% from the same period last year and an increase of 21.7% from August. In addition, the total number of buildings transferred from January to September this year was 18,225, an increase of 5.3% from the same period last year.
Su Jincheng, chairman of the Taipei Real Estate Agents Association, said that the Taiwan stock market has recently reached a historical high, approaching 50,000 points step by step. Some high-profit investors have been cautious and transferred funds into the real estate market, resulting in a stable buying momentum in September. The fourth quarter is about to enter the hot election period at the end of the year. It is expected that the stock market will continue to be optimistic, and the real estate market policies have exhausted all negatives. The worst situation in the real estate market should be over.
Compared with the other five cities in Taiwan, the annual growth rate of transaction registration buildings in Taipei City in September was 20.2%, which was higher than the average of 11.6% in the six cities. The monthly growth rate was 21.7%, which was higher than the average of 14.1% in the six cities, indicating that the market situation in Taipei City continues to be stable. The number of buildings registered for transactions in the remaining five cities in September also increased both year-on-year and monthly. From north to south, they were either flat or growing. Compared with last year, the number of buildings registered for transactions in the six cities increased steadily and showed significant growth.
Judging from the total number of transferred registered buildings from January to September this year, a total of 18,225 buildings were transacted in Taipei City. Although it increased by 5.3% from last year, it was still the third lowest since 2017. It is still 21.5% lower than the highest point from January to September 2024, which is still some way off. Since the implementation of the seventh wave of credit controls in September 2024, buying sentiment has been sluggish for two full years, and the overall transaction volume is still at a relatively low level. In order to maintain operations, many real estate agents have expanded their business scope to the chartered agency industry, and many front-line practitioners have switched careers.
Su Jincheng said that the transaction volume in September seems to be stable, but it is still at a relatively low level. The restrictions on home purchase loans have been slightly relaxed, and the second home loan has been relaxed to 70%. However, the effect of increasing buying momentum still needs to be observed. After all, the stock market continues to rise, and it is expected that the majority of funds should remain in the stock market. Although a small number of stock market profits have been transferred to the housing market, it is not enough to support market buying momentum.
In addition, looking at each administrative district from January to September, the annual growth rate of Zhongshan District and Wanhua District in the city center is more than 20%, and the annual growth rate of Songshan District, Zhongzheng District and Beitou District is also more than 15%. The annual growth rate of registered buildings in Nangang District, Datong District, Da'an District, Xinyi District, Wenshan District and other districts has a negative value, which is lower than the same period last year. This should be related to the completion and handover of new housing projects in the area. Looking at September alone, Shilin District is the most eye-catching, with annual growth rates and monthly growth rates of 82.3% and 31.4% respectively. This is expected to be related to the promising development prospects of Beishike, and may also attract some young technology upstarts to enter the market to purchase houses to diversify risks.
Su Jincheng said that with the nine-in-one election at the end of November, the stock market has become more and more powerful. Although the central bank's Board of Supervisors relaxed second home loans to 70% in September, the negative effects of the policy should have been exhausted, and buying sentiment has picked up slightly. However, the concentration of funds in the stock market continues unabated, and it should not be easy to return to the housing market in the short term. The overall market will return to the individual performance of each county, city, and administrative region.
