The China Post
Date: September 2, 2016
By: The China Post news staff
TAIPEI, Taiwan — Residential housing units inside and surrounding the four three-rail terminal stations in Taiwan have failed to resist the trend of declining prices that has plagued the property market for the past two years.
Of the four terminal stations where the Taiwan High Speed Rail, Taiwan Railway Administration, and Mass Rapid Transit (MRT) systems converge, properties near Nangang Station saw the largest drop in value.
Average prices for residential housing units plunged by 11.6 percent to NT$507,000 from NT$574,000 per ping (one ping = 36 square feet), according to statistics provided by Great Home Realty Co. Ltd.
Prices for housing units near Taipei Main and Banqiao stations shrank on average by NT$20,000 to NT$30,000 per ping, a decline of 5-6 percent. Kaohsiung’s Zuoying station also recorded a decline of 6 percent over the same period. [FULL STORY]