Kaohsiung Housing Price Index Continues to Fall, Xinxing District Sees Largest Drop

Kaohsiung City's housing market is showing continued signs of a downturn, with its housing price index falling 2.84% in May compared to the previous year. This decline is steeper than the national average, which saw a 2.09% decrease over the same period, according to the "Tsinghua Anfu Housing Price Index" released by the Tsinghua University Anfu Financial Engineering Research Center.

Most districts in Kaohsiung experienced price drops, with only Qianzhen and Niaosong districts showing slight increases of less than 1%. The Xinxing District recorded the most significant fall, with its housing price index dropping by 7.51%. Qiaotou District followed with a 6.25% decrease, while previously active markets like Nanzi, Zuoying, and Gushan districts saw declines exceeding 4%.

The data reveals a persistent contraction in transaction volume, with May recording 1,367 deals, a 2.77% decrease from the previous month and a substantial 13.54% drop compared to May of the previous year. This indicates a significant lack of market buying interest. The overall market sentiment remains cautious, with both buyers and sellers adopting a wait-and-see approach, making future market trends uncertain.