When buying a house in Beijing City, “Should I buy a new house or a big one?” The price difference between old and new houses exceeds RMB 7 million. Experts teach you how to choose and now save RMB 8.68 million

Nearly 60% of existing house transactions in Taipei City are old houses, and the price difference between new and old houses of the same square meter exceeds 7 million yuan. (Provided by Yongqing Real Estate Group)

The total purchase price of houses with different house ages and square meters may vary greatly. Especially in Taipei City, where housing prices are high, what kind of housing can be purchased with the current housing budget is a topic of concern to many home buyers.

Based on real-price registration data, Yongqing Real Estate Group has compiled statistics on the average total price and transaction volume of residences of different square meters and ages in Taipei City in the past year. It shows that the average total price gap between houses within 10 years and houses over 30 years old exceeds 7 million yuan, with the highest reaching 11.37 million yuan. In addition, houses over 30 years old account for nearly 60% of the total transactions, and the transaction area is mainly concentrated in 20 to 40 square meters, showing the differences in prices and transaction structures of houses of different ages in Taipei City.

When buying a house in Taipei City, if you have a limited budget, should you choose a newer house or a house with more space? According to data, if you choose a house that is less than 10 years old, the average total price is less than 20 million yuan, only products below 20 square meters, with an average total price of about 18.17 million yuan. If you are willing to relax the age of the house to more than 20 years, you have the opportunity to increase the number of houses purchased to 20 to 30 square meters, and the average total price is about 17.23 million to 18.21 million yuan.

Chen Jinping, deputy manager of the Yongqing Housing Research and Exhibition Center, analyzed that home buyers in Taipei often need to choose between budget, location, house age and square footage. For buyers who have more family members, work from home, or have storage needs, moderately relaxing the house age conditions will give them a chance to find a home that better meets their living needs within a similar budget.

If we compare houses aged less than 10 square meters and those over 30 years old with the same square footage, the average total price difference exceeds NT$7 million. Among them, the price difference of houses of 20 to 30 square meters is about NT$8.68 million, and the price difference of houses of 40 square meters or above is as high as NT$11.37 million.

Chen Jinping reminded that the price difference between new and old housing is not only related to the age of the building, but also related to factors such as usage status, housing type, land value and location conditions.

It is worth noting that the average total price of houses of 20 to 30 square meters and 30 to 40 square meters of houses aged 20 to 30 years and over 30 years old only differs by only NT$980,000 and NT$1.06 million respectively. Chen Jinping said that mature living functions and transportation convenience are still important values ​​​​of housing in Taipei City. Even if some old houses are older, there will still be certain market demand and price support as long as the location, housing condition and living conditions meet the needs.

In terms of transaction volume, there were a total of 8,663 residential transactions in Taipei City, of which 4,923 were residential properties over 30 years old, accounting for approximately 57% of the total transactions, or nearly 60%. Chen Jinping said that there are a considerable number of old houses among existing residences, and some products have mature living functions and relatively low total price thresholds, making them an option for home buyers taking into account both budget and space.

Looking further at the number of transactions per square meter, we found that the transactions of old houses over 30 years old were mainly concentrated in the 20 to 40 square meters, with a total of 2,905 units, accounting for about 59% of the transaction volume in this age zone. In contrast, for houses within 10 years, 10 to 20 years and 20 to 30 years old, the largest number of transactions in the three age zones are all above 40 square meters, with 627, 520 and 407 units respectively, accounting for about 40% of the houses in each age zone.

Chen Jinping explained that this may be related to changes in housing supply patterns and product planning in different periods. In the early days of Taipei City, apartments were the most common products, and the square footage was mostly concentrated in the 20 to 40 square meters. With the development of elevator buildings and community housing, builders' product plans have become more diversified, ranging from small-square-foot homes to large-square-foot homes. This makes the distribution of the transaction square footage of newer houses different from that of earlier houses.

Overall, the total residential price and transaction distribution will be affected by factors such as location, square footage, house age, and house condition. Home buyers can evaluate housing options of different age and square footage based on their own budget and living needs; if they want to know the actual housing prices in a specific area, they can also check the actual price registration information of the Ministry of Interior, or contact local real estate agents for further consultation.