Will real estate in Taiwan grow?

Real estate poised for further torrid growth: developersBy Jessie Ho STAFF REPORTER Thursday, Mar 29, 2007, Page 12 Taiwan's hot property market is poised for further high growth in the next few years because of solid demand, but more incentives will be needed to sustain the real estate boom, property developers and market watchers said yesterday."I think the real estate market will get better year by year," Chao Teng-hsiung (?), chairman of the Farglory Group (?), said at an industry forum on Taiwan's market. Chao's remarks came on the same day that a government report said that the local real estate investment climate had remained stable. Released by the Architecture and Building Research Institute under the Ministry of Interior, the report showed that the composite index measuring the housing market for the fourth quarter last year was 12 points, unchanged from the previous quarter.

However, Chao said the local market has obviously lagged behind the international real estate trend, which has shown an average 10 percent annual increase over the past few years. Therefore, he expected the market to rise by 10 percent to 15 percent in the next couple of years, he said. If the government opens direct transportation links with China, the market value could as much as double in the next three years, he said.