MySheen

High House prices and low returns Swiss Bank warns Taipei

Published: 2024-11-06 Author: mysheen
Last Updated: 2024/11/06, (Taiwan Business Daily News) UBS said yesterday that real estate prices in Taipei remain high, and Taipei's rental rate of return is among the lowest in the world, with only more than 1%. It should be cautious to invest in Taipei real estate. UBS held the 2014 Outlook Media briefing. UBS Wealth Management.

High House prices and low returns Swiss Bank warns Taipei

高房价低报酬 外银示警台北

Real estate prices in Taipei remain high and Taipei's rental return is among the lowest in the world, just over 1 per cent, UBS said yesterday. Investment in Taipei real estate should be cautious.

UBS held the 2014 Outlook Media briefing. Pu Yonghao, chief investment officer of UBS Wealth Management Asia Pacific, issued a warning about real estate in emerging Asia.

Real estate in Asia (excluding Japan) is likely to face deleveraging, he said, and cooling measures and new supply by governments pose adverse risks to the Asia-Pacific housing market.

He estimates that housing prices in Hong Kong and Singapore will fall by 10% to 15% and 3% to 6% respectively this year.

 
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