Taiwan real estate market waits with bated breath

Excitement is creeping into Taiwan’s property market, as the race for the self-ruled island’s presidential race heats up ahead of next year’s election, holding the prospect of a new head of government who would be more friendly towards mainland China. Commercial property prices, up 18 per cent at an average of US$1,322 per square foot since Tsai Ing-wen swept to victory in 2016 for the Democratic Progressive Party (DPP), may break out into a bull market, depending who gets to occupy the seat of government on Taipei’s Ketagalan Boulevard.