Can a foreigner buy an apartment in Taiwan?

Can a foreigner buy...? Can a foreigner rent...? What about deposits? Bad neighbors? Unreasonable landlords? Miscellaneous problems?
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Can a foreigner buy an apartment in Taiwan?

Postby coralia » 28 Jun 2011, 01:13

Can a foreigner buy an apartment in Taiwan?
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Re: Can a foreigner buy...

Postby Northcoast Surfer » 28 Jun 2011, 06:39

coralia wrote:... an apartment in Taiwan?

Yes, of course!
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Re: Can a foreigner buy...

Postby urodacus » 28 Jun 2011, 07:17

It'll cost you money, though. several million Taiwan dollars... 5 to 15 for a place in Taipei, for example.

www.591.com.tw is a good site. you will be much better off if you can read and deal in Chinese.
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Re: Can a foreigner buy...

Postby housecat » 28 Jun 2011, 08:31

Good luck getting a mortgage without a Taiwanese co-signer, though.
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Re: Can a foreigner buy...

Postby coralia » 28 Jun 2011, 23:25

How much (approximately) would a studio in a city other than Taipei (say, Kaohsiung, Hualian) cost? I have searched the web but nothing came up - I assume all relevant websites are in Chinese.
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Re: Can a foreigner buy...

Postby coralia » 28 Jun 2011, 23:29

Sorry, I meant Hualian. Can't find my glasses...
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Re: Can a foreigner buy...

Postby whitetiger » 29 Jun 2011, 00:18

I think you could easily get something for well under 2 million in Hualian. Many older places(over 20-25 years) will never appreciate in value. So if you buy a place for 1.5 million, that is probably the most if will ever be worth, it may depreciate though. You may want to get something newer for a little more, just in case you do want to unload it someday. A home should cost roughly the relative amount of rent x 20 years. This equation does not work for Taiwan.
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Re: Can a foreigner buy...

Postby coralia » 29 Jun 2011, 23:35

What about other cities?
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Re: Can a foreigner buy...

Postby Pingdong » 09 Jul 2011, 16:45

cant speak for the north, but down here if you buy outside the city a little bit and choose smaller roads with no schools/mcdonalds type things on them, they are cheaper.

Does anyone know if foreigners can buy land? My wife tells me know, but I know she has not asked anyone but her parents...who had not even seen a foreigner until i came around :ponder:

around outskirts of pingdong you can get a 2-4 floor house (the townhouse style) for 600,000 (fixer upper) up to 6,000,000 or so for a nice looking new one. my inlaws just bought one (check court sales for cheap housing) for 720,000 and put another 1 million into it and its a lovely little house totally redone right down to the brick work.
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Re: Can a foreigner buy...

Postby pqkdzrwt » 09 Jul 2011, 19:50

My understanding is that property works like the visa exempt entry arrangements, aka reciprocity. If your home country allows Taiwanese to own property in your home country, then Taiwan will likely allow you to own property in Taiwan.

Although if you are allowed, there are a whole pile of loop holes you need to jump through, and the real estate agent staff, their boss, and everyone else will believe you are not allowed until you teach them otherwise (: We had to make them dig out a little unused book out of their desk and wait for them to read through it and discuss it for 15 minutes before they decided it was ok (:
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