Loopholes in Sky-High Housing Market? 'This Type' of New Apartment Is Ultra-Rare in Taipei and New Taipei, Yet Developers Don't Want to Build Them

Despite a booming housing market in Taipei and New Taipei City, developers are increasingly shying away from building apartments, a once-common housing type. The focus has overwhelmingly shifted to high-rise developments, leaving potential buyers seeking lower-rise options with scarce choices.

According to statistics from Zhuzhan Magazine, new apartment projects launched in the Taipei and New Taipei City areas have dwindled to single digits annually since 2023. While a few apartment projects are slated for release in the latter half of this year, they remain sporadic, underscoring developers' waning enthusiasm for this product type.

This trend positions apartments as a rare commodity in the twin cities' property market. The scarcity is attributed to various factors, including construction costs, zoning regulations, and shifting market demands that favor larger, modern high-rise complexes. The situation highlights a significant gap in the market for those who prefer or require apartment-style living.