I wonder how many of those are young buyers’ names and IDs but otherwise the purchase is really for an older relative…
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I think they aren’t limited by age, bit of a stupid article.
The best way for old people investing in real estate to take advantage of government schemes and avoid taxes is to put new properties under the names of family members who don’t “own” a property yet. Those names are gonna keep getting younger…
10 million maximum. So definitely places outside of Taipei, as the article states. And you still need to come up with 2 million or more in cash.
The housing loans for young buyers allow for a maximum loan-to-value ratio of 80%, a repayment period of up to 40 years, and a loan ceiling of NT$10 million (US$319,488). The company added that most young homebuyers in Taiwan prioritize total price when purchasing a home, which leads them to favor properties that are older, smaller in size, and located farther from city centers.
However, the implementation of the loan program has also contributed to a rise in housing prices nationwide. In Hsinchu, home prices rose by more than 10% last year compared to 2023, followed by Taoyuan with a 7.4% increase and Tainan with 6.1%. The remaining three major cities also saw price increases of around 5%.
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Even with a 30-year repayment period most salaried workers are not able to afford real estate. Monthly mortgage payments outpace salaries of most Taiwanese.
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