The China Post
Date: April 18, 2017
By: Kuan-lin Liu
TAIPEI, Taiwan — The price-to-income ratio, a number that indicates the price of
purchasing real estate as a multiple of annual household income, is now at 9.35, an all-time high, according to the Construction and Planning Agency of the Ministry of the Interior.
The situation is even more dire in the Greater Taipei area, with
Taipei seeing a price-to-income
ratio of 15.47 and New Taipei of 12.7.
The agency released its data for housing affordability for the third quarter of 2016 on Monday, which found a price-to-income ratio that experts would find unacceptable.
Experts have previously stated that property prices that were 5 to 7 times the average household income for the purchase of a 30-ping new property were at a reasonable ratio. [FULL STORY]