Taiwan moves to cool housing market - ST 12.5.2014

[chialc88]

Taiwan moves to cool housing market - ST 12.5.2014

For the first time, the gov is mulling over tax reform to penalize those with multiple properties.

With property prices in and around the capital at record highs, it has announced new measures to cool the market in Greater Taipei area.

The goal is to lower housing prices in the capital by 30% in next 2 yr.

Figure from Ministry of interior (overall house price to income ratio)
8.4 Taiwan compare to Demographia survey:
4 JPN
5.1 SGP
14.9 HK

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[corydorus]

I doubt it. There's too much political and personal interests in it. Furthermore people in their gov do not stay long enough to answer what they had said. Most policies of cool down is only a slap on the wrist type.