Median rents across Taiwan are released, with New Taipei overtaking Taipei
Taiwan’s housing prices continue to rise, and they are soaring even more after the COVID-19 epidemic and the implementation of the new Qing’an loan policy.
Not only are housing prices high, rents are also a heavy burden for many workers and shop owners in Beipiao. The Ministry of Interior recently released data on median rents across Taiwan (as of the end of March this year). The median rent in New Taipei City was NT$12,600, slightly exceeding the NT$12,500 in Taipei City.
However, looking at a single administrative district, the median rent in Songshan District, Taipei City is NT$15,500, making it the most expensive administrative district in Taiwan, followed by Xizhi District and Linkou District in New Taipei City, with medians of both NT$15,000.
According to information from the Ministry of the Interior, as of the end of March this year, the median rents in six cities across Taiwan were ranked as follows from highest to lowest:
Median rent ranking in six cities in Taiwan Median rent Number of rental contracts (number of units) New Taipei City 12,60081,910 Taipei City 12,50053,372 Taoyuan City 10,00064,155 Taichung City 8,00088,379 Kaohsiung City 7,50064,190 Tainan City 6,50039,950 Source: Statistics Department of the Ministry of Interior at the end of March 2024, unit: New Taiwan Dollar
The Ministry of the Interior stated that this time it counted 478,000 valid lease contracts, and the data source was the real rent data of approved households receiving subsidies under the 30 billion yuan rental subsidy project. In other words, lease contracts that the landlord does not legally rent or the tenant does not apply for rent subsidies will not be included in the calculation.
The development of New Taipei has driven up rents, and some people would rather buy than rent.
A real estate agent told PTV News that due to overall upgrading and development, some administrative districts in New Taipei City have attracted people from outside the city to move in. Driven by surrounding demand, rents are also relatively strong.
A person who came to live in Luzhou from other places also pointed out that he originally planned to rent a house, but the rent for his favorite type of house was as high as 25,000 to 30,000. After careful consideration, he decided to buy a house directly.
Taiwan’s rental market has a lot of shady people, would data transparency help?
In recent years, the Taiwanese government has attempted to make the rental market more transparent through rent subsidies, rental management, social housing, etc. Although the median rent only records data for "rent-subsidy households", it can also provide For reference for renters.
However, there are still many dark spots and problems in Taiwan’s rental housing market. How many steps remain to be taken to implement housing justice?
I believe that many people have encountered situations where landlords do not pay taxes and require tenants not to apply for rent subsidies. Some housing types with cheap rents have all kinds of weird layouts. Not only do they have no windows or only have inner windows, they even have haunted house decorations or are installed in them. Toilet on the balcony.
The public relations manager of the real estate management platform believes that rent transparency is only the first step. Next, we should integrate and manage the overall market cases, improve the rental environment and increase the supply of rental houses, so that we can truly improve the rental market.
