Taiwan's Taipei real estate market sees sharp decline in new project launches

August saw the number of new real‑estate projects announced in the Taipei‑area drop to about one‑third of the same month last year, reflecting a 36.3% year‑on‑year decline to NT$453.5 billion – the lowest monthly total since 2018. No projects exceeded NT$100 billion in value; only modest developments were reported in Taoyuan’s Lujhu district, Hsinchu’s North district, and a few other peripheral zones. Analysts attribute the slowdown to a weak macro environment, the lingering effects of the pandemic, and the looming “ghost month” that traditionally dampens market activity. Industry watchers hope that the Central Bank’s upcoming policy meeting in September, timed with the 928 sales period, could provide some stimulus for the market.

The overall sentiment remains bearish, with developers citing limited liquidity, summer travel and typhoon risks, and the cultural impact of the lunar “ghost month” as factors that suppress new project momentum through the rest of the year.