Taoyuan County tops nation in home buys per household: survey
By Adam Tyrsett Kuo, The China PostTAIPEI, Taiwan -- Taoyuan County had the most home purchases per household in regional realty markets in the first half of 2013, with an average of 35.7 households in 1,000 purchasing homes, while Hsinchu City and County ranked second, according to a survey released by Sinyi Realty (信義房屋).
August 14, 2013, 11:46 am TWN
Tainan ranked the lowest among the island's special municipalities, with only 18.1 households in 1,000 on average purchasing homes.
Taoyuan County is expected to be upgraded to the status of a special municipality by the end of 2014.
The county has a population of over 2 million, more than that of Tainan, and is also one of the island's largest industrial and technology regions.
Over a third of Taiwan's 500 largest manufacturers have set up factories in Taoyuan, while the county's industrial output value has ranked first in Taiwan for nine consecutive years.
From 1966 to 2013, a total of 29 industrial parks have been set up in Taoyuan, while its ability to generate revenue is second only to the capital.
The county has seen various large-scale infrastructure projects, such as the Taoyuan International Airport MRT, Taoyuan Aerotropolis and Wugu-Yangwei Overpass, carried out within its borders in recent years.
Due to these circumstances, as well as its pending status upgrade, housing transactions have gained momentum in the county.
According to Sinyi Realty, housing prices are generally halved as one moves from Taipei to New Taipei to Taoyuan County; in other words, New Taipei housing units are generally half the price of Taipei's, whereas Taoyuan County's are half the price of New Taipei's.
Taoyuan County, however, has seen rapidly increasing prices in recent years. Prices have increased almost 20 percent in the past year in Taoyuan, surpassing Taipei and New Taipei in terms of percentages.
Hsinchu, which placed second in the survey, attracts a large number of young workers due to its science and industrial park. Hsinchu's housing prices, however, are not as high as Taipei or New Taipei, and its income per capita is relatively stable.