Pre-construction home sales collapse in Taiwan; unsold inventory surges

The market for pre-construction homes in Taiwan is facing a severe downturn, with a dramatic drop in buyer interest and a ballooning inventory of unsold units. Data from Yongching Realty Group reveals a staggering 137,000 pre-construction homes available nationwide.

This oversupply is particularly concentrated in Taiwan's seven major cities, which account for a massive 80% of the total unsold inventory, equating to approximately 115,000 units. The situation is especially acute in recently developed redevelopment zones, where a high volume of new projects has led to a significant glut.

Among these areas, Taoyuan's redevelopment zones are identified as particularly hard-hit. Several of these zones report over 2,000 unsold units each. Projections indicate that many of these projects will continue to face sluggish sales through 2025 and 2026, suggesting a prolonged period of market weakness for pre-construction properties.