Taipei Real Estate: Sales Decline, Shop Rentals Hit 12-Year High

Taipei's real estate landscape in 2025 presented a mixed picture, characterized by a notable decline in sales volume juxtaposed with a robust increase in rental activity, particularly for retail spaces. The city recorded a 12-year high in shop rental transactions, signaling a dynamic shift in the property market.

According to the Taipei City Land Administration Bureau's annual report, based on actual transaction data, the overall property sales volume decreased by 21.86% compared to the previous year, with 18,292 transactions. Conversely, rental transactions saw a substantial rise of 15.56%, reaching 21,193. Pre-sale property transactions also experienced a significant downturn, falling by 36.51% to 4,191 units.

The bureau attributes the surge in rental transactions partly to the amendment of the rental law in 2023, which now includes subleasing arrangements under package rental and management services in the actual transaction registration. Government rental subsidies have also contributed to the stabilization and growth of the rental housing service industry. The decline in pre-sale transactions is seen as a reversal following a boom in 2024, influenced by preferential mortgage policies and a high volume of new project launches, as well as the central bank's credit control measures implemented in September 2024.

Delving into sub-markets, residential property sales in Taipei hit a nine-year low in 2025, with 10,662 transactions, a decrease of 29.56%. However, the average transaction price for residential properties rose by 3.83% to NT$29.53 million, and the average price per ping reached NT$839,000, both marking highs since 2013. In the office market, rental transactions decreased by 9.69% to 960 units, with the Songjiang Nanjing commercial district leading in transaction volume. Average monthly rents for commercial offices were highest in the Xinyi district at NT$3,900 per ping, while factory-office spaces in the Nangang Economic and Trade zone led at NT$1,781 per ping, a new high since 2013. Meanwhile, shop rentals saw a 14.27% increase, with an average monthly rent of NT$2,786 per ping.