I am living in KHH-City almost 7 years and I am stunned about the ongoing new high-rise buildings.
Mostly luxury appartments and some buildings are starting from 70 ping up to 120-150,
rare cases even tops 200 ping. The area around Art Museum (MeiShuGuan) once was (maybe still is)
the in-to-be-place, but somewhere are downgraded as these new places are spreading out now almost everwhere.
I know that up north the bubble is going on already for some years, but here in Kaohsiung
I really ask myself who is going to buy these places ?
People from Taipei-City who are selling their (highly rated) ground-area, thus moving down south
for retiring
or
will Taiwan open its real estate for mainland chinese people (no idea, already happened?) ??
Anyway, salary/wage is much less here and who knows if the bank rates are continuing at these current
low levels …
In my homecountry (Germany), the goverment take care, that a fair amount of available housing
are available for average families.
Anyway, it is hard to find anything under 14 Wan per ping, so did the bubble catch on KHH too ?
We bought our place shortly after “Lehmann” and at that time price were far under 10 Wan for a
new 40 ping average quality appartment.
Friends of mine are thinking to get their own places and they are pretty clueless about the situation here.
Suggestions, comments ?