About 60% say property prices likely to rise: pollBy Crystal Hsu / Staff reporterAbout 60 percent of people expect housing prices to pick up next quarter, and many believe it wise to enter the market this year as tightened measures are driving out speculators, a survey by Evertrust Rehouse Co (永慶房屋) found yesterday. “That is because selective credit controls and harsh tax terms would not affect first-time home buyers or people who live in their own houses for a long time,” Hsieh said. He declined to bet on full-year figures because of concerns that developers might become more conservative if property tax changes clear the legislature, as it would take more time for developers to make a profit. The government seems serious about property tax revisions and people intent on saving taxes could embark on a sell-off, as policymakers aim to make the new tax terms retroactive, he said. The finance ministry has said property tax revisions are its top priority for the current legislative session.

Source: Taipei Times March 24, 2021 15:56 UTC