DistantNews
Support us
🇹🇼 Taiwan /Economy & Trade

Families renting instead of buying: Sanchong rental market up 61% in 3 years

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

News Official statement Context piece
  • Renting a home in New Taipei City's Sanchong district has surged by 61% over three years for families seeking two-bedroom or larger apartments.
  • High housing prices are pushing many families to delay homeownership and opt for rental properties.
  • The trend highlights a growing demand for family-sized rentals in the area, with specific neighborhoods becoming increasingly popular.

Families in New Taipei City's Sanchong district are increasingly turning to rentals, with the number of households renting apartments with two or more bedrooms jumping 61% in the past three years. This significant rise reflects the persistent challenge of high housing prices, which continue to deter many from purchasing homes.

Data from the Sanchong Land Administration Office reveals a substantial increase in residential rental transactions for apartments suitable for families. The trend indicates a growing preference for renting over buying, as potential homeowners postpone their purchase plans due to the elevated cost of real estate.

The surge in demand has made family-sized rentals a hot commodity in Sanchong. The land administration office has identified the most popular neighborhoods for these rentals, underscoring a shift in the housing market dynamics within the district. This growing rental market signals a need for more accessible and affordable housing solutions for families.

DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog