Calls to address housing inequality have become increasingly important ahead of elections, with plans by the Tsai administration to raise taxes on individuals that own more than one home to between two and 4.6 percent. This would be an increase from the current 1.2 to 3.6 percent...
New legal changes that have cleared the legislature aims to deter speculation on property prices, at a time in which real estate has become unaffordable in Taiwan for all but the wealthy. This is particularly the case for young people, with it currently requiring one to not eat or drink for sixteen years in order to purchase real estate in Taipei. Likewise, as with many other places in the world, there are many empty housing units in Taiwan because they are held by developers or wealthy individuals hoarding properties. 11.94% of homes, consisting of 876,000 units, were empty in 2020...
