In Taipei, Homes Under 10 Years Old and Those Over 30 Years Old of the Same Size Differ by More Than NT$7 Million in Average Total Price
Among homes sold in Taipei over the past year, about 57% were 30 years old or older, and the price gap between newer and older homes is clear in every size bracket.
- Yungching Realty Group's statistics show that in Taipei over the past year, the average total price gap between homes under 10 years old and homes 30 years or older of the same size exceeded NT$7 million.
- Taipei had 8,663 home deals over the past year, of which 4,923 were homes 30 years or older, about 57%.
- Comparing homes under 10 years old with those 30 years or older, the average total price gap for homes of 40 ping or more reached NT$11.37 million.
The average total prices and sales volumes of Taipei homes by size and building age over the past year were compiled by the broker itself from actual-price registration (sold prices) data and are not government-published statistics. Broken down, the average total price gap between newer and older homes of 20 to 30 ping is about NT$8.68 million, widening to NT$11.37 million for homes of 40 ping or more.
Among homes 30 years or older, the deals were mainly for sizes of 20 to 40 ping, totaling 2,905 deals, about 59% of sales in that building-age group.
With a budget of NT$20 million or less, homes under 10 years old are available only in sizes under 20 ping, with an average total price of about NT$18.17 million. If the building age is widened to 20 years or older, homes of 20 to 30 ping become available, with average total prices of about NT$17.23 million to NT$18.21 million.
The price gap between homes 20 to 30 years old and homes 30 years or older is much smaller: for 20 to 30 ping, the average total price differs by only NT$0.98 million, and for 30 to 40 ping, by only NT$1.06 million.
Chen Jinping, deputy manager of the Research and Development Center at Yungching Realty, said the price gap between newer and older homes comes not only from building age, but is also affected by property condition, housing type, land value and location. She also said that well-developed daily amenities and convenient transportation remain important values for Taipei homes.
For people who want to buy a home in Taipei on a limited budget, widening the building age to 20 years or older lets them compare the sizes and total prices available in different building-age groups. When viewing homes, besides building age, they should also compare property condition, housing type, land value and location.
Quick quiz
2 questions; pick an answer to see the explanation
- Taipei had 8,663 home deals over the past year. About what share were homes 30 years or older?
- Comparing homes under 10 years old with those 30 years or older, what is the average total price gap for homes of 40 ping or more?
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Original：中時新聞網 · We only post summaries and key points. Read the original for the full story.
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