Where and how you live is important. Every person need and deserve a nice place to rest their weary soul after a long day of investing, working or going to school. Hong Kong is famous for its tight housing market. Thankfully Taiwan can offer many more choices at more affordable prices at all levels.
According to comparison website Numbeo, renting a 3-bedroom family apartment in the city center is nearly 75% LESS expensive in Taipei than in Hong Kong. If you prefer to purchase your home, the price per square meter is about 60% less in Taipei than in Hong Kong in the center of the city or more than 65% if you choose to live a bit further out.
|Rent Per Month||Hong Kong||Taipei||Comparison|
|Apartment (3 bedrooms) in City Center||37,949 HK$ / 146,895 NT$||9,520 HK$ / 36,851 NT$||-75%|
|Apartment (3 bedrooms) Outside of Center||23,723 HK$ / 91,829 NT$||6,269 HK$ / 24,268 NT$||-74%|
|Buy Apartment Price|
|Price per m2 to Buy in City Center||236,229 HK$ / 914,406 NT$||95,440 HK$ / 369,435 NT$||-60%|
|Price per m2 to Buy Outside of Center||150,957 HK$ / 584,333 NT$||52,478 HK$ / 203,134 NT$||-65%|
And Taiwan of course have many other great places to live than just Taipei. If we compare with the southern city of Kaohsiung the savings are even more remarkable. An apartment in the city center of Kaohsiung would save you 86% to rent and 85% to buy. Kaohsiung has risen steadily in the esteem of expats over the last 10 years as they have developed their inner city, opened a growing subway system and cleaned up the Love River that runs straight through the city.
|Rent Per Month||Hong Kong||Kaohsiung|
|Apartment (3 bedrooms) in City Center||37,949 HK$ / 146,895 NT$||5,351 HK$ / 20,714 NT$||-86%|
|Apartment (3 bedrooms) Outside of Center||23,723 HK$ / 91,829 NT$)||3,926 HK$ / 15,200.00 NT$||-83%|
|Buy Apartment Price|
|Price per m2 to Buy in City Center||236,229 HK$ / 914,406 NT$||34,876 HK$ / 135,000.00 NT$||-85%|
|Price per m2 to Buy Outside of Center||150,957 HK$ / 584,333 NT$||21,313 HK$ / 82,500.00 NT$||-86%|
These are medium prices so of course if you want to go for higher luxury, better view and best locations things prices will increase, but this gives an indication of how relatively affordable cities in Taiwan can be to rent or buy apartments in.
If you need some referrals to realtors to start your search for your new castle in Taiwan, let us know.