In the second quarter, there were only 679,000 new houses registered in the country in the past five years. (Photo by reporter Xu Yiping)
[Reporter Xu Yiping/Report from Taipei] Compared with the second quarter, the number of tax-registered houses over 30 years old nationwide reached 5.8843 million, but the number of new houses in the past five years was only 679,000, not even 700,000. This also resulted in a huge gap between the number of old houses and new houses, and the ratio of old houses to new houses nationwide was as high as 8.67:1.
He Shichang, CEO of Xinchuan Real Estate Think Tank, said that in recent years, there has been a wave of completion and handover of pre-sale houses, which has led to an increase in the number of permits and approvals, and the number of completed new houses is not small. The main reason for the low rate of new houses is that the stock of old houses is considerable and the speed of demolition and reconstruction is slow. Due to the high proportion of old houses and the fact that Chinese people generally only have decoration awareness and generally lack the concept of renovating and maintaining houses, residential safety will be the most difficult challenge.
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Further observation of the proportion of new houses within 5 years in 22 counties and cities in the second quarter shows that Keelung City has the lowest proportion of only about 3.43%, followed by Taipei City with about 3.56%. On average, only 1 house in 28.09 houses is a new house within 5 years. The proportion of new houses in the other five cities is highest in Taoyuan City, about 11%, followed by Taichung City, about 10.01%, and the other three cities all account for less than 9%.
The proportion of new houses in Taipei City within 5 years is less than 4%
Zeng Jingde, project manager of the Xinyi Housing Real Estate Enterprise Research Office, said that after the epidemic, the number of construction projects has increased. Many new projects have been launched in Taoyuan, Taichung, New Taipei, and Kaohsiung. Housing prices have also increased significantly since the epidemic, and the development of buildings outside the two cities has also shown a trend of small housing.
Huang Shuwei, director of the real estate owner representative service department of Colliers International, said that the supply of new homes mainly depends on three aspects. The first is the supply of plain land, the second is urban renewal and reconstruction for the elderly, and the last is the housing market demand. Looking further at each county and city, Taipei City lacks redistricting, resulting in land scarcity, and Keelung City is limited by terrain factors. Therefore, the land inventory available for development in the two counties and cities is the lowest, and the rate of new housing is naturally limited.
Relatively speaking, a large amount of agricultural land in Taoyuan City has been rezoned through section expropriation, municipal land rezoning, Qingpu high-speed rail rezoning, Caoluo rezoning, Zhonglu rezoning, Jingguo rezoning, Xiaohuixi rezoning and other rezoning areas, which have provided a large amount of land raw materials. Coupled with the outmigration of population and industrial investment from Shuangbei City, as well as transportation construction that has made products more substitutable, investment in construction and development in the region has increased sharply, so new housing accounts for the highest proportion.
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