TAIPEI (Taiwan News) – Taiwan’s aggressive efforts to combat the coronavirus have paid off as the country recorded strong economic growth in 2020, with a significant increase in the number of Gold Card applications to work in Taiwan, boosting subsequently the apartment rental application.
According to NDC statistics, a total of 2,147 applications for Gold Cards, a special work and residency permit for highly skilled foreign talent, were received between February 8, 2018 and March 31, 2021. Among the approved applicants, 269 work in the scientific field. and technology, 1,673 in economics and 149 in education.
Adam Yu, sales manager of UR HOUSE REALTY, the largest foreigner apartment rental agency in Taipei, told Taiwan News that the agency has helped more immigrants from Hong Kong than from overseas. usual with their real estate needs in Taiwan since the beginning of 2020. He was informed that the reasons were political unrest in the city-state, Taiwan’s acclaimed response to COVID-19, cheaper housing prices compared to Hong Kong, cultural and ethnic proximity to home and friendliness to expatriates.
“Taipei and Taichung are the two favorite cities for Hong Kong immigrants,” Yu noted.
In addition to greater housing demand from Hong Kong immigrants, post-pandemic Taiwan is also seeing a larger influx of foreigners, especially Taiwanese Americans and Taiwanese Canadians. Yu also observed a sharp increase in the number of expats moving to Taiwan for work since the start of 2020, many of whom are freelancers and entrepreneurs by profession.
Most emigrant expats choose to rent rather than buy: in part because of the steep rise in housing prices and the time it takes to find the perfect apartment that meets their requirements and budget. Newcomers prefer to explore neighborhoods and available housing options to make informed decisions for themselves and their families.
Surprisingly, even the demand for apartment rentals has changed since the outbreak, Yu said.
According to Yu, as working from home has become increasingly common during the pandemic, the incentive for people to leave busy and expensive centers like Da-An and Xin-Yi neighborhoods for quieter suburban neighborhoods and relatively cheaper Taipei (especially the Tianmu and Shilin areas) has increased significantly.
“Generally, expat clients prefer a spacious apartment in a leafy suburb to improve their quality of life. The lower cost of living also has a real appeal.”