I’m currently leasing a 2-year-old house situated in a gated Taichung mountain community. Rent is NT$15,000/month with majority of repairs my responsibility. I’ve done some sniffing around and the original purchase price was NT$12m. In my eyes the original buyers were stupid because this is way overpriced. I’d say it’s worth about NT$8.5-9m. The asking price is currently NT$8.5m but I think the owners want to get this thing off their hands and would take NT$7-8m.
Anyhow… originally I planned to buy in Taiwan but recently decided to study medicine, which is going to cost… about NT$7-8m. I have enough for one or the other but not both. I always feel that rent is like throwing money down a well so I would rather be paying the NT$15k-25k on a mortgage.
So which banks would consider me for a 100% mortgage as a foreigner with no co-signer? I’m on an investor ARC with a long-standing business and regular, sturdy income. Or what about a 75% mortgage? I think I could stretch to that.