per ping rate for your area

[flatlander_48]

Most Taiwanese don't care about view or light ... they're coming home only to sleep and play mahjong ...

Judging by the number of apartments with window bars and drawn curtains, there could be some truth to that...

[TheLostSwede]

And that wouldn't have anything to do with the lack of view in the first place?

[flatlander_48]

Not the window bars...

[citizen k]

An apartment. In Zhongzhen Street, but not the ones on the Beixin intersection. I think it was around Jianguo.

But it is peanuts compared to the current top notch:

A unit from “The Xinyi Star” project in Taipei's Xinyi development zone went for NT$221.1 million. The price per ping was NT$1.82 million, slightly higher than the average market price of NT$1.6 million to NT$1.8 million.

This shows that that luxury home sales are not affected by the recently proposed luxury tax, said Hsu China-hsin, a researcher with realty company Hbhousing.

http://www.chinapost.com.tw/taiwan-busi ... luxury.htm

I'd tend to expect that in Xinyi, but find it hard to believe that Xindian will hold it's value over time. Same for WenShan where I live and have bought. Regardless, my place will always be worth more than I bought for.

[Rotalsnart]

I'll reprise what I've been saying for the past two years -- the West side of Taipei is still way undervalued.The prices across the city will tend toward leveling out in the future. Whether they level out somewhere in the middle of the current market, or at or above the top of the current market, the prices on the west side only have one direction to go, and that's up.

Comparable places on the West side are still going for a third of their counterparts on the East side. There is absolutely no reason for this to continue in the long run. Taipei is a river city, and the market and residents are only now beginning to see the importance of this. The bargains today are in Wanhua and Dadaocheng near the river.

I bought my place for 230,000 per ping two and a half years ago, and it's now easily worth 400,000 per ping, and still has a long way up to go as far as I'm concerned.

[citizen k]

I agree that you are right about values there, but it's just so damn crowded...so many old walk-ups, most without parking...There's a lot to do in that area before it becomes attractive to me.

[Belgian Pie]

But if it goes up ... who is still able to buy a place?

[Rotalsnart]

I agree that you are right about values there, but it's just so damn crowded...so many old walk-ups, most without parking...There's a lot to do in that area before it becomes attractive to me.

Yes, that's the catch. But it works for me. My alley is crowded, but the riverside park is not, and it's only a one minute walk away. I enjoy walking up the stairs -- it's exercise -- and I don't need a parking space. I figure with the money I'm saving from buying on this side of town, I could literally take taxis everywhere, and rent a car occasionally for jaunts out of town (as I do from time to time), and still come out way ahead. (The negative economics of car ownership in a city like Taipei are material for another thread.) These days, I ride my bicycle a lot. And one day, they will probably rebuild, and then I'll have my parking place. Though in many ways I'd rather that day be postponed as long as possible.

Edit to add:
For me, the only real downside of living in this area, is that most of my friends, and favorite places to go for nighttime dining and entertainment, are still situated further East. (As far as "daylife" -- parks, traditional markets, shopping, and whatnot, we've got it all here.) That's one reason i keep harping on this subject -- hoping to attract friends and more cool nightlife to relocate to this side of town.

[Rotalsnart]

But if it goes up ... who is still able to buy a place?

That's why you should buy now, while it's going up, not after it has gone up!

[Belgian Pie]

But if it goes up ... who is still able to buy a place?

That's why you should buy now, while it's going up, not after it has gone up!

There is always the last bugger that pays lots of dough and can't get rid of it afterwards ...