Topic · Housing · History
How Taiwan's Housing Policy Got Here, 2026
This page lists 66 housing-policy and price events, from 1951 to 17 Sep 2026, in six eras, with data as of 2026-11-10. Every event carries a source and is marked as coming from an official body or the group itself, or from a media report.
as of10 Nov 2026
Start with the six eras, then the five price cycles and the central bank controls
Showing 66 of 66
1945–1974 · Land and resettlement
What can be verified from this period are two land reform laws, US-aid housing loans and a provincial public housing rule
We have not yet obtained official texts for the Land-to-the-Tiller Act or the military villages, so they are left out.
This era lists 4 entries, 4 of them from an official agency or the group itself. Each event carries its own source.
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Law Farmland rent reduction act promulgated
The act, 30 articles in all, took effect on promulgation and wrote a ceiling on farmland rents into law.
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Law Urban land rights equalization act promulgated
Promulgated with 47 articles. On 1977-02-02 it was rewritten in 87 articles and renamed the Equalization of Land Rights Act, the name it still carries.
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Policy Executive Yuan sets up a National Housing Construction Committee
A Construction and Planning Agency document records that in 1955 the Executive Yuan created a National Housing Construction Committee, using US aid funds for housing loans to workers, farm and fishing households and middle-income families. The document describes the funds as limited and the legal basis as restrictive.
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Law Taiwan Province issues rules for building and managing public housing
The same Agency document records that the Taiwan Provincial Government issued the Taiwan Province Public Housing Construction and Management Rules in 1959, and that the rules were repealed in 1984 (year 73 of the Republic).
1975–1986 · The public housing era
The Public Housing Act of 1975 launched planned direct government construction
after the 1982 amendment policy shifted to encouraging investment-built housing.
This era lists 6 entries, 6 of them from an official agency or the group itself. Each event carries its own source.
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Law The Public Housing Act is promulgated
An Executive Yuan document states that the Public Housing Act was enacted and promulgated on 12 July 1975 (year 64 of the Republic).
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Policy Six-year public housing construction plan
The Agency document records a six-year plan (fiscal years 1976 to 1981) under which the government built public housing directly, with a target of 106,931 units. Completed units were 35,779 by the province, 23,844 in Taipei and 8,422 in Kaohsiung.
Target units 106,931 戶
Units completed (total) 68,045 戶（省 35,779＋台北市 23,844＋高雄市 8,422，加總為本站計算）
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Policy Trial guidelines for rebuilding old military dependents' villages
The Agency document dates the guidelines to 1980, while an article in the Accounting Quarterly dates them to 1978. Both years are shown here.
內政部營建署 Official / the group itself 《主計季刊》（黃世亨） Media report
Die Geschichte der taiwanesischen Militärresidenzen (Juancun)
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Policy New towns and public housing are listed among the Twelve Major Projects
The Agency document records that in 1979 developing new towns and building public housing widely were listed among the Twelve Major Projects. The date of the Executive Yuan announcement was not found.
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Law Public Housing Act amended; policy shifts to encouraging private investment
The Agency document records that after the 1982 amendment, policy shifted to encouraging investment-built housing as the main channel, with direct government construction as a supplement, and added loans for people building their own homes.
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Policy Four-year plan for direct government construction
The Agency document records the four-year plan (fiscal years 1982 to 1985) for direct construction: 15,119 units by the province, 8,127 in Taipei and 3,502 in Kaohsiung.
Total 26,748 戶（加總為本站計算）
1987–1999 · The first nationwide worry about prices
Taipei prices rose sharply between 1987 and 1990, and in 1989 the Snail Without a Shell movement slept out on Zhongxiao East Road
In 1999 the government announced an end to public housing construction, and the 921 earthquake struck the same year.
This era lists 13 entries, 6 of them from an official agency or the group itself. Each event carries its own source.
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Credit control Central bank lifts most foreign-exchange controls
The 2015 Taiwan Real Estate Yearbook, chapter 1, lists this as one funding-side cause of the housing boom, saying speculative money flowed in. This is the only source we read on the point.
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Tax Securities capital-gains tax is reinstated
The 2015 Yearbook records that Finance Minister Kuo Wan-jung announced the reinstatement of the securities gains tax in September 1988, the stock market fell for 19 days with almost no volume, and money moved into housing. This is a single-source account.
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Movement The movement gives rise to OURs and the Grandma Cui rental service
A page from National Taiwan University's Graduate Institute of Building and Planning says the movement gave rise to OURs (Organization of Urban Re-s) and the Grandma Cui rental service centre. OURs' official founding date and the foundation's incorporation year were not found.
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Movement Homeless-in-housing organisers come together
Several reports name primary-school teacher Li Hsing-chang as the initiator. OURs' account says a self-help committee for people without homes was launched in early May 1989 and renamed the Union of the Homeless (無住屋者團結組織) at the end of June. Taipei Times gives the name as Homeless Help Association. Both names are shown.
OURs 都市改革組織 Official / the group itself 風傳媒 Media report Taipei Times Media report
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Movement The Snail Without a Shell movement sleeps out on Zhongxiao East Road
On 26 August 1989 the Snail Without a Shell movement slept out on Zhongxiao East Road in Taipei. Every attendance figure found is a later recollection; no police or organiser count from the time was located. OURs' retrospective says the government answered with more public housing and wider mortgage lending, the first ending in 1999 and the second becoming a key financial support for high prices.
Participants 近 5 萬／4 萬多／數萬（三說並列，無官方點算）
OURs 都市改革組織 Official / the group itself 國立臺灣大學建築與城鄉研究所 Media report Taipei Times Media report 風傳媒 Media report TVBS Media report 今周刊 Media report
Nationaler Wohnbau und Wohnungsgerechtigkeit Nicht nur Häuser bauen
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Event National housing census: 678,520 vacant dwellings
A statistical analysis by the Directorate-General of Budget, Accounting and Statistics reports the end-1990 national housing census: 5,088,232 dwellings, of which 678,520 were vacant, about 13.3%.
Vacant share 13.3%（678,520÷5,088,232＝13.34%，本站驗算）
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Credit control Subsidised loans for home purchase begin
The Agency document records that from fiscal 1990 the government subsidised interest on loans for home purchase, counties and cities kept waiting lists, and public housing was sold off-plan. Fiscal 1990 to 2004 totalled 120,314 households.
Fiscal 1990 to 2004 total 120,314 戶
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Market Taiwan stocks hit 12,682 intraday
A Cnyes article records that the Taiwan stock index reached an all-time high of 12,682 intraday on 12 February 1990.
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Event The radioactive-housing scandal breaks
The radioactive-housing scandal became public in August 1992. The nuclear safety council's report counts 1,660 contaminated buildings and the Control Yuan's report 1,669, and notes 34 of 70 units in the Minsheng Villas were affected. The council's report also says one cobalt-60 steel bar had already been found in 1983.
Contaminated buildings 1,660 戶（核安會）／1,669 戶（監察院）
核安會 Official / the group itself 監察院 Official / the group itself
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Policy The government stops building public housing
The Agency document records that from 1999 the government progressively announced an end to both direct construction and investment-incentive construction of public housing.
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Event The 921 earthquake
The 921 earthquake struck at 01:47 on 21 September 1999. Two death tolls appear in the sources, 2,455 and 2,454. The 50,652 fully collapsed buildings is the Interior Ministry's count by street number, and economic losses are given as NT$362.28 billion.
Deaths 2,455（謝志誠文）／2,454（報導者）
Fully collapsed 50,652 棟（內政部依門牌，報導者引述）
Economic loss 3,622.8 億元
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Credit control Post-quake financial relief
Xie Zhicheng's paper records that an emergency Executive Yuan meeting had the central bank set aside NT$100 billion for banks to lend to quake victims, and allowed existing mortgage principal to be deferred for five years.
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Policy Unsold public housing offered to quake victims at 30% off
Xie Zhicheng's paper records that on 5 October 1999 rules were issued letting households whose homes were fully or half destroyed buy unsold public housing at 70% of the approved price.
謝志誠（九二一震災重建基金會執行長） Media report
Das 921-Erdbeben Nationaler Wohnbau und Wohnungsgerechtigkeit
2000–2010 · Cheap credit and tax cuts
From 2000 the government ran preferential home-purchase loans, with the quota reaching NT$800 billion by 2003
In 2010 the central bank again set home-loan rules for designated areas, and the Youth Home-Starter Loan began at the end of that year.
This era lists 9 entries, 7 of them from an official agency or the group itself. Each event carries its own source.
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Credit control Preferential home-purchase loan programme launched
Central bank releases record the launch of a preferential home-purchase loan programme in August 2000, with two start dates: the 2003 release says 7 August with an original quota of NT$200 billion; the 2001 release says 14 August, NT$320 billion of preferential mortgages including NT$200 billion for the home-purchase programme.
中央銀行 Official / the group itself 中央銀行 Official / the group itself
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Credit control Preferential programme doubled from NT$200 billion to NT$400 billion
The Executive Yuan announced the programme would grow from NT$200 billion to NT$400 billion, accepting applications from 27 August and running to 13 August 2002. The per-household cap was NT$2.5 million in Taipei and NT$2 million elsewhere.
Cap per household 台北市 250 萬元、其他地區 200 萬元
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Credit control NT$400 billion programme: 103,386 households funded
A central bank release states that by 12 October 2001 the NT$400 billion programme had disbursed NT$286.8 billion to 103,386 households, of which NT$185.6 billion was at the preferential rate and NT$101.2 billion at the standard rate.
Disbursed 2,868 億元（優惠利率 1,856 億＋一般利率 1,012 億）
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Tax Land Tax Act Article 33 amended
The National Laws and Regulations Database history page shows Article 33 of the Land Tax Act, which covers the land value increment tax, was amended and promulgated on 30 January 2002, 14 January 2004 and 30 January 2005. We did not check the text or rates clause by clause, so they are not listed here.
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Market Sinyi Taipei price index hits 35.47 in 2003 Q2
The Sinyi index for Taipei stood at 36.71, 35.47, 38.27 and 38.92 across the four quarters of 2003; the Q2 reading of 35.47 is the lowest for 2003 to 2005.
2003 by quarter 36.71／35.47／38.27／38.92（指數點）
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Credit control Preferential programme reaches 377,791 households
Central bank releases record quota increases of NT$200 billion each in August 2001, April 2002 and January 2003, for a total of NT$800 billion. By 27 June 2003 NT$1,020.5 billion had gone to 377,791 households; by 1 August, NT$1,076.6 billion to 395,909. Disbursements are actual payouts and cannot be subtracted from the quota.
As of 27 Jun 2003 377,791 戶、10,205 億元
As of 1 Aug 2003 395,909 戶、10,766 億元
中央銀行 Official / the group itself 中央銀行 Official / the group itself
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Credit control Central bank issues rules on home loans in designated areas
Rules issued on 24 June 2010 and effective 25 June: in Taipei City and ten county-administered cities in then Taipei County, borrowers who already have a mortgage can borrow at most 70% for another purchase, with no grace period.
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Movement Tsai Ing-wen meets the Social Housing Advocacy Alliance
Newtalk reports that on 13 September 2010 Tsai Ing-wen met members of the Social Housing Advocacy Alliance, which presented five demands. This is the earliest record we found of the alliance; its exact founding date was not found.
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Credit control Finance Ministry launches the Youth Home-Starter Loan
The Ministry of Finance launched the Youth Home-Starter Loan, offered by eight state-owned banks from their own funds. The loan ceiling was raised from NT$5 million to NT$8 million on 1 January 2016.
財政部國庫署 Official / the group itself 行政院 Official / the group itself
2011–2019 · Catching up on the rulebook
Between 2011 and 2019 the special goods tax, the Housing Act, actual-price registration, the combined housing-and-land tax, the rental act and the old-building rebuilding act were all put in place, and in 2014 the Nest movement took to Ren'ai Road
This era lists 14 entries, 11 of them from an official agency or the group itself. Each event carries its own source.
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Tax Special Goods and Services Tax Act promulgated
The Special Goods and Services Tax Act, commonly called the luxury tax, was enacted on 4 May 2011 and an Executive Yuan order set 1 June 2011 as its start date. It has 26 articles. The history page also records an amendment on 7 January 2015 and the addition of Article 6-1 on 24 June 2015.
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Law The Housing Act is enacted
The Housing Act was enacted on 30 December 2011 with 54 articles. A 2013 Executive Yuan document states it took effect on 30 December 2012.
法務部全國法規資料庫 Official / the group itself 行政院 Official / the group itself
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Event Wenlin Yuan renewal case: city demolishes holdouts' homes
On 28 March 2012, after the developer Leyang and two households including Wang Kuang-shu failed to reach agreement, the Taipei city government carried out the demolition with a large police presence. The two households announced an end to their protest on 14 and 16 March 2014.
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Law Actual-price registration takes effect
The Equalization of Land Rights Act was amended on 30 December 2011, adding Article 81-2 as the legal basis for actual-price registration; an Executive Yuan order set 1 August 2012 for Articles 47 and 81-2. Related provisions of the Real Estate Brokerage Act took effect the same day.
法務部全國法規資料庫 Official / the group itself 法務部全國法規資料庫 Official / the group itself
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Movement Huaguang Community receives demolition notice
A Coolloud press-conference statement of 20 March 2013 (the residents' own account) says the first forced-demolition orders had arrived, and cites Premier Jiang Yi-huah's remark that illegal-structure households have no right to housing. The statement does not give the completion date of the demolition.
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Policy Cabinet approves repealing the Public Housing Act
On 14 March 2013 the Cabinet approved repealing the Public Housing Act and sent it to the Legislative Yuan. The Executive Yuan document says that since 1976 about 390,000 households had been handled, helping about 1.58 million people.
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Event Miaoli county demolishes four Dapu homes
On 18 July 2013 Miaoli County demolished four homes in Dapu, including the Zhang pharmacy. On 18 September the pharmacy's owner, Zhang Sen-wen, was found drowned. On 3 January 2014 the first retrial ruled for the four households and annulled the expropriation; on 22 April 2016 the second retrial rejected the Zhang pharmacy's claim for return of the land.
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Tax Housing Tax Act Article 5 amended
Article 5 of the Housing Tax Act was amended on 4 June 2014, authorising local governments to set differential rates by number of homes held, which media call the first hoarding tax. We did not find the start date of this amendment.
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Movement The Nest movement sleeps out on Ren'ai Road
On 4 October 2014 the Social Housing Advocacy Alliance held a sleep-out on Ren'ai Road in Taipei. There is no official count, and organisers, Taipei Times, police and CNA's English service gave very different figures, listed below.
Participants 主辦方稱約 2 萬／台北時報寫主辦方口徑約 1 萬／警方稱夜宿約 1,200／中央社英文稿 more than 15,000（未標統計者）。無官方總數
Pre-event forecast 公視 2014-09-05 報導主辦預告破 5 萬人
Five demands 居住人權入憲、終結強拆迫遷；改革房產稅制、杜絕投機炒作；檢討公地法令、停建合宜住宅；廣建社宅達 5%、成立住宅法人；擴大租屋市場、制訂租賃專法（社住盟新聞稿）
社會住宅推動聯盟 Official / the group itself Taipei Times Media report 中央社英文 Media report 中央社英文 Media report 公視 Media report
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Tax Combined housing-and-land income tax enacted
The Income Tax Act was amended on 24 June 2015 to add the combined housing-and-land income tax, effective 1 January 2016 under Article 126. We did not obtain the official text of the rates, so they are not listed.
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Law Housing Act fully revised
The Housing Act was fully revised and promulgated on 11 January 2017; the history page lists 65 articles. It also records further amendments on 9 June 2021, 6 December 2023 and 4 March 2026.
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Law Act on accelerated rebuilding of dangerous and old buildings enacted
The act was enacted on 10 May 2017 with 13 articles. Article 10-1 was added on 6 June 2018 and Article 5-1 on 6 December 2023.
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Law Rental Housing Market Development and Management Act enacted
The act was enacted on 27 December 2017 and took effect on 27 June 2018, with 46 articles.
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Law Urban Renewal Act fully revised
The Urban Renewal Act was fully revised on 30 January 2019 with 88 articles, effective on promulgation. The history page also records amendments on 5 and 28 May 2021 and 13 November 2024, the last changing Article 65.
2020–2026 · The era of controls
The central bank began selective credit controls in December 2020 and added rounds up to a seventh
in 2026 it eased the second-home cap twice. Youth Loan 3.0 took effect on 1 August 2026.
This era lists 20 entries, 12 of them from an official agency or the group itself. Each event carries its own source.
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Credit control Central bank launches its first round of selective credit controls
Announced 7 December 2020 and effective 8 December: legal entities buying a first home 60%, second or more 50%; individuals' third home onward 60%; land-purchase loans 65%, among others. The release says real estate loans were 35.9% of total lending at end-October 2020, against a historical peak of 37.9%.
Effective dates, by round 2020-12-08、2021-03-19、2021-09-24、2021-12-17、2023-06-16、2024-06-14、2024-09-20，另有 2026-03-20、2026-09-18 兩次調整（央行表 2）
中央銀行 Official / the group itself 中央銀行業務局 Official / the group itself
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Law Land Rights Act amendment for actual-price registration 2.0 promulgated
The history page shows the Equalization of Land Rights Act was amended and promulgated on 31 July 2019 and 27 January 2021, the two amendments behind actual-price registration 2.0. We did not obtain an official note on the start dates.
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Tax Combined housing-and-land tax 2.0 promulgated
The history page records that the Income Tax Act was amended and promulgated on 28 April 2021, with the 2.0 version of the combined housing-and-land tax taking effect on 1 July 2021. We did not obtain the official text of the rates, so they are not listed.
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Policy NT$30 billion expanded rent subsidy opens for applications
TechNews, citing the Interior Ministry, reports that the NT$30 billion expanded central rent-subsidy programme opened for online applications on 1 July 2022, at NT$30 billion a year for 500,000 households, up from about 120,000. The approval date was not found.
Scale 每年 300 億元、照顧 50 萬戶（原約 12 萬戶）
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Law Legislature passes amendments to the Land Rights Act
Commercial Times reports that on 10 January 2023 the Legislative Yuan passed amendments to the Equalization of Land Rights Act, including a permit system for corporate home purchases, heavy penalties for speculation and a reporting system.
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Law Land Rights Act amendments promulgated
The Equalization of Land Rights Act was amended on 8 February 2023, revising Articles 4, 47-3, 81-2 and 87 and adding 47-4, 47-5, 79-1, 81-3 and 81-4. An Executive Yuan order of 9 June 2023 set 1 July 2023 for Articles 4, 47-3, 47-4, 79-1, 81-2, 81-3 paragraph 1 and 81-4; the rest took effect on promulgation.
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Credit control The enhanced Youth Home-Starter Loan takes effect
The enhanced Youth Home-Starter Loan (officially version 2.0, popularly the new Youth Loan) took effect on 1 August 2023 after Cabinet approval on 13 July, with interest subsidies running to 31 July 2026. The ceiling, term and grace period were all lengthened.
Ceiling 800 萬 → 1,000 萬元
Term 30 年 → 40 年
Grace period 3 年 → 5 年
財政部國庫署 Official / the group itself 行政院 Official / the group itself
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Market Interior Ministry housing price index: 150.98 in 2024 Q4
Commercial Times, citing the Interior Ministry, reports the national housing price index at 150.98 in 2024 Q4, up 10.85% year on year and rising for 26 consecutive quarters. The 2020 base value and cumulative rise were not found.
2024 Q4 150.98，年增 10.85%，連 26 季上漲
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Tax Housing Tax Act amended
The Housing Tax Act was amended on 3 January 2024, with Articles 4 to 7, 12 and 15 effective 1 July 2024. A Chiayi County tax bureau note citing the Ministry of Finance says the new rules count homes nationwide, tax non-owner-occupied homes at 2% to 4.8% and owner-occupied at 1%, and bill annually. Media call this the second hoarding tax.
法務部全國法規資料庫 Official / the group itself 嘉義縣財政稅務局（引財政部電子申報網） Official / the group itself
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Credit control Round 6: second-home loan-to-value cut to 60% in designated areas
The central bank's table 2 records that the sixth round, effective 14 June 2024, cut the loan-to-value cap for a second home in designated areas to 60%.
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Credit control Round 7 of selective credit controls
Announced 19 September 2024 and effective 20 September: the cap for an individual's second home falls to 50% and applies nationwide; legal entities, high-priced homes, third homes onward and unsold stock are capped at 30%; no grace period for a first home bought by someone who already owns property; reserve requirement ratios rise 0.25 percentage points from 1 October.
中央銀行 Official / the group itself 中央銀行業務局 Official / the group itself
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Market Building transfers fall 25.5% to 261,308 in 2025
TechNews, citing the Interior Ministry, reports 261,308 building sale transfers in 2025, down 25.5% and a nine-year low; first registrations rose 8.4% to 176,700. We did not find the Ministry's final 2024 figure.
Sale transfers 261,308 棟，年減 25.5%
First registrations 17.67 萬棟，年增 8.4%
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Policy Interior Ministry adjusts social housing strategy
Economic Daily News reports that in January 2026 the Interior Ministry said land in urban areas is limited and that, alongside direct construction, it will expand leased-and-managed housing as an important supplement. The report says the direct-build target falls from 130,000 to 40,000 to 60,000 units (the reporter's description), with about 40 sites and 11,000 units prioritised for 2026 to 2027.
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Credit control Central bank eases second-home cap to 60%
Central bank table 2 records that, announced 19 March 2026 and effective 20 March, the cap for an individual's second home rises from 50% to 60%.
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Tax 2026 housing tax figures
NOWnews reports that the 2026 housing tax is billed from May: 9.7457 million cases nationwide, of which about 1.1166 million are vacant homes, 20,600 fewer than the previous period. The Ministry of Finance says the new system raises the cost of holding idle homes while keeping a lower burden on owner-occupied homes.
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Credit control Governor Yang: no further selective credit controls for now
Business Today and PTS report that on 10 June 2026 central bank Governor Yang Chin-long told the Legislative Yuan that selective credit controls would not be tightened further for now.
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Credit control Cabinet approves Youth Loan 3.0
On 16 July 2026 the Cabinet approved Youth Loan 3.0, effective 1 August with applications open to 31 July 2029. Borrowers must be under 50 at application with personal annual income of NT$2 million or less, and a home-price cap applies; the first three years are subsidised by 2 basis-point steps, a net rate of 1.775%, then reduced by half a step each year.
Ceiling 個人 1,000 萬、兩年內結婚登記 1,200 萬、育有未成年子女 1,500 萬元
Price cap 台北市 3,500 萬；新北市、新竹縣市 2,500 萬；其他縣市 2,000 萬元
Term and grace period 40 年（含寬限期），寬限期最長 5 年
財政部國庫署 Official / the group itself 行政院 Official / the group itself
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Law Cabinet approves draft amendments to rebuilding and renewal laws
On 16 July 2026 the Cabinet approved draft amendments to the Act on rebuilding dangerous and old buildings and to parts of the Urban Renewal Act: the old-building act would lose its sunset date, and negotiated joint-construction deals would get a 40% cut in land value increment tax and deed tax. Whether they passed the third reading was not found.
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Policy Housing agency gives social housing and rent subsidy figures
CNA reports that on 7 August 2026 the National Land Management Agency said leased-and-managed housing stood at 116,390 units and rent subsidies had been approved for over 919,000 households, and that the overall social housing plan is unchanged, continuing through direct construction, leased-and-managed housing and rent subsidies.
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Credit control Central bank eases second-home cap to 70%
Announced 17 September 2026 and effective 18 September, the cap for an individual's second home rises from 60% to 70% while the policy rate is unchanged. Liberty Times adds that the construction-start undertaking for land-purchase loans is removed.
中央銀行業務局 Official / the group itself 今周刊 Media report 自由時報 Media report
Prices rose each time, but the causes and the numbers differ.
Of 5 price surges, only 2 have a figure for the rise
The table sets the surges side by side. Where no reliable figure exists the cell says so. Each source uses its own start and end years and geography, so figures listed together in one cell cannot be checked against each other.
| Wave | Rise | Causes | Turning point | Sources |
|---|---|---|---|---|
| Wave 1, about 1972 to 1974 | No data | No data. Lin Wang-ken (2022) only says there were two sharp price surges in the 1970s, without figures or causes. | — |
|
| Wave 2, about 1978 to 1980 | No data | No data. Same source as above, with no figures or causes. | — |
|
| Wave 3, about 1986 to 1990 |
The five figures use different start and end years and geography. They are listed side by side and cannot be checked against each other. | The 2015 Yearbook lists two causes: the easing of foreign-exchange controls in July 1987 with hot money flowing in, and the September 1988 return of the securities gains tax, after which money moved from stocks into housing (single source). Chang Chin-oh and colleagues estimate the bubble component turned positive in Q1 1989 and peaked in Q3 1990 at about 54% of price; earlier work puts the peak in Q1 1990 at about 47%. Both peaks are shown. | We did not obtain the original text of the February 1989 selective credit controls; the Yearbook says the market declined in the second half of 1989. |
|
| Wave 4, about 2003 to 2014 | Sinyi house price index (national, Q4 of each year) 39.15 (2003) to 106.71 (2014), +173%; Cathay index 45.97 to 91.69, +99.5%; Sinyi Taipei index 38.92 to 108.44, about +179% (rises calculated by Taiwan.md). Separately, average transaction prices from a housing magazine survey (not an index): Taipei City NT$367,000 per ping (2002) to NT$803,000 (2011), New Taipei NT$168,000 to NT$336,000 The two Sinyi figures share one source, so they are not independent confirmation. We did not find the Ministry of the Interior price index series from 2003. | No single authoritative account of causes was found. Tax changes occurred in the period, including Land Tax Act amendments (2002 to 2005) and Estate and Gift Tax Act amendments (2009), but no source tests whether they caused the price rise. | The June 2010 central bank rules on designated areas, the 2011 special goods tax, 2012 actual-price registration and the June 2014 Housing Tax Act amendment. The Sinyi Taipei index peaked at 114.31 in 2014 Q2. | |
| Wave 5, about 2020 to 2024 | No data: we could not find the 2020 base value or the cumulative rise. Only the Ministry of the Interior index for Q4 2024, 150.98, up 10.85% on the year and rising for 26 consecutive quarters (quoted by Commercial Times). | No single authoritative account of causes was found. The central bank issued successive selective credit controls from December 2020, but causes are unverified. | The February 2023 land rights amendments, the August 2023 enhanced Youth Loan, the September 2024 seventh round of controls, and a 25.5% fall in building transfers in 2025. |
|
The Cathay house price index (national) rose from 49.54 to 161.74; it is a private index
Quarterly data republished by the Ministry of the Interior platform. Not an official statistic.
Data table
| Quarter | Cathay (private) |
|---|---|
| 2000Q4 | 50.22 |
| 2001Q4 | 46.05 |
| 2002Q4 | 45.07 |
| 2003Q4 | 45.97 |
| 2004Q4 | 49.64 |
| 2005Q4 | 50.83 |
| 2006Q4 | 53.97 |
| 2007Q4 | 60.66 |
| 2008Q4 | 62.15 |
| 2009Q4 | 63.28 |
| 2010Q4 | 70.60 |
| 2011Q4 | 74.62 |
| 2012Q4 | 82.37 |
| 2013Q4 | 92.96 |
| 2014Q4 | 91.69 |
| 2015Q4 | 84.09 |
| 2016Q4 | 73.69 |
| 2017Q4 | 79.82 |
| 2018Q4 | 83.81 |
| 2019Q4 | 87.28 |
| 2020Q4 | 94.34 |
| 2021Q4 | 106.50 |
| 2022Q4 | 133.06 |
| 2023Q4 | 137.19 |
| 2024Q4 | 160.81 |
| 2025Q4 | 162.54 |
| 2026Q2 | 161.74 |
Prices rose, the central bank stepped in, and rates and loan caps moved after that.
Since 2020 the central bank has issued 7 rounds of selective credit controls and eased 2 times
The chart overlays the average new-mortgage rate of the five big banks with the dates each control took effect. Numbers mark the round and a down arrow marks an easing. The full timeline below has 31 rows, including the earlier round of measures that began in 2009.
During the controls, the five big banks' new mortgage rate ranged from 1.35% to 2.33%
Monthly data; markers show when each control took effect.
Data table
| Period | New home-loan rate, five big banks | Rediscount rate |
|---|---|---|
| Dec 2019 | 1.61% | — |
| Dec 2020 | 1.36% | — |
| Dec 2021 | 1.35% | — |
| Dec 2022 | 1.86% | — |
| Dec 2023 | 2.08% | — |
| Dec 2024 | 2.22% | — |
| Dec 2025 | 2.30% | — |
Show the full timeline (31 rows)
Round is the central bank's own numbering; rows it did not number are left blank. Scheduled means the date falls after the data check date.
This column keeps the Chinese wording of the data file.
| Date | Effective | Round | Type | Content (Original Chinese) | Sources |
|---|---|---|---|---|---|
| n/a | — | Rule | 央行先以道德勸說「積極促請銀行注意房貸風險控管」；2010-03-25 理監事會新聞稿回顧：「敦促銀行針對特定地區投資戶（非自用戶）貸款加強風險控管」 | ||
| 25 Jun 2010 | — | Rule | 訂定「特定地區購屋貸款業務規定」。特定地區＝臺北市及臺北縣十個縣轄市（板橋、三重、中和、永和、新莊、新店、土城、蘆洲、樹林、汐止）。自然人借款人名下已有一戶以上房屋抵押貸款（聯徵用途代號「1」）、再申辦購屋貸款：不得有寬限期、最高 7 成（鑑價金額）、不得另以修繕/周轉金名目增貸。理由之一：房貸（含購置住宅、修繕、建築）占總放款比重 38.3%，新增放款偏重台北市與北縣十市 | ||
| 31 Dec 2010 | — | Rule | 規定改名「土地抵押貸款及特定地區購屋貸款業務規定」。特定地區增三峽、林口、淡水（臺北市＋新北市 13 區）；第二戶以上購屋貸款成數 7 成降為 6 成；公司法人購屋貸款比照；新增土地抵押貸款：須檢附具體興建計畫、最高 6.5 成（取得成本與鑑價較低者）、其中 1 成俟動工興建才撥貸 | ||
| 22 Jun 2012 | — | Rule | 新增高價住宅貸款規範：台北市/新北市鑑價或買賣金額 8,000 萬元以上、其他地區 5,000 萬元以上；成數上限 6 成、無寬限期 | ||
| n/a | — | Rule | 無新規範。新聞稿稱特定地區房貸成數降至 5.7 成、房貸利率平均升至 2% 以上；央行「督促銀行對特定地區以外、房價漲幅較大地區」採自律措施 | ||
| 27 Jun 2014 | — | Rule | 特定地區增新北 4 區（五股、泰山、八里、鶯歌）與桃園縣 4 區；新增全國不分區自然人第 3 戶以上購屋貸款 5 成；高價住宅門檻改為台北市 7,000 萬/新北市 6,000 萬/其他 4,000 萬元以上，成數 6 成降為 5 成；公司法人購置住宅貸款降為 5 成。央行同時說明「申請房貸筆數僅占全國住宅數量之 28.5%，控管房貸成數(LTV)措施之效用有其限制」 | ||
| 14 Aug 2015 | — | Rule | 放寬：特定地區縮為臺北市＋新北市 15 區（刪八里、鶯歌與桃園 4 區）；自然人第 3 戶以上由 5 成升 6 成；高價住宅由 5 成升 6 成；公司法人升 6 成；特定地區第 2 戶維持 6 成 | ||
| n/a | — | Rule | 央行「歷次措施」頁列出的規定版本在 105.3.25 與 109.12.8 之間沒有其他版本，高價住宅規範為唯一管制 | ||
| 25 Mar 2016 | — | Rule | 大幅解除：特定地區購屋貸款、第 3 戶以上、公司法人、土地抵押貸款規範「均予刪除」，僅保留購置高價住宅貸款規範（6 成、無寬限期；門檻臺北市 7,000 萬、新北市 6,000 萬、其他 4,000 萬元），規定更名「購置高價住宅貸款業務規定」。理由：「自99年6月採行不動產針對性審慎措施以來，已見成效」，加以稅制陸續推動、投機需求減少 | ||
| 8 Dec 2020 | 第 1 度 | Rule | 規定更名「不動產抵押貸款業務規定」。新增：公司法人購置住宅貸款 第 1 戶 6 成、第 2 戶(含)以上 5 成，均無寬限期；自然人第 3 戶(含)以上購置住宅貸款 6 成、無寬限期；購地貸款 須檢附興建計畫、6.5 成、保留 1 成動工後撥貸；餘屋貸款 5 成。央行稱「僅規範高風險貸款戶，並不影響首購及換屋等絕大多數實質需求貸款案件」。當時集中度 2020-10 底 35.9%，「接近歷史高點之37.9%」 | ||
| 19 Mar 2021 | 第 2 度 | Rule | 公司法人一律 4 成；自然人第 3 戶 6→5.5 成、第 4 戶以上 6→5 成；高價住宅 6→5.5 成（名下已有 3 戶房貸者 4 成）；新增工業區閒置土地抵押貸款 5.5 成（已動工或切結一定期間內動工者除外） | ||
| 24 Sep 2021 | 第 3 度 | Rule | 新增特定地區（臺北市、新北市、桃園市、臺中市、臺南市、高雄市、新竹縣、新竹市）自然人第 2 戶購屋貸款不得有寬限期；購地 6.5→6 成；工業區閒置土地 5.5→5 成（動工切結期限明訂「一年內」） | ||
| 17 Dec 2021 | 第 4 度 | Rule | 自然人高價住宅及第 3 戶(含)以上購屋貸款一律降為 4 成；購地 6→5 成並要求切結一定期間內動工；餘屋 5→4 成；工業區閒置土地 5→4 成。央行呼籲「購屋貸款負擔率…平均逾三成」，借款人留意寬限期屆滿與利率風險 | ||
| 16 Jun 2023 | 第 5 度 | Rule | 新增特定地區第 2 戶購屋貸款最高 7 成（原僅無寬限期）。央行：該類貸款平均成數 2021-10 為 75.5%、2023-04 為 77.1% | ||
| n/a | — | Decision or measure | 第 5 度後的換屋協處：央行說明借款人清償名下第 1 戶房貸即不受 7 成限制，且規定不溯及既往（06-30）；07-10 提供「先買後賣」換屋族協處：切結第 2 戶撥款後 1 年內出售第 1 戶並塗銷抵押權，得不受 7 成上限，違約收回成數差額、追溯罰息 | ||
| 14 Jun 2024 | 第 6 度 | Rule | 特定地區第 2 戶 7→6 成。央行：2024-04 該類平均成數 68.15%；同次調升存款準備率（見 §三） | ||
| 20 Sep 2024 | 第 7 度 | Rule | ①名下有房屋者之第 1 戶購屋貸款不得有寬限期；②第 2 戶 6→5 成，範圍由特定地區擴大全國；③公司法人、高價住宅、第 3 戶以上由 4→3 成；④餘屋貸款 4→3 成；購地 5 成、工業區 4 成未變。同次調升存款準備率（見 §三）。另此前 2024-08-12 至 21 央行邀 34 家本國銀行座談，以道德勸說請其「研提未來一年自主管理之不動產貸款具體量化改善方案」 | ||
| n/a | — | Decision or measure | 央行「選擇性信用管制規範之協處措施」：自 2024-09-20 起申貸案件適用：繼承取得之房屋與房貸不計入戶數；有實質換屋需求者切結 1 年內出售原屋，新申辦第 1 戶/第 2 戶購屋貸款得排除規定；已簽約者若申辦財政部青安貸款（非高價住宅）不受第 1 戶/第 2 戶限制 | ||
| n/a | — | Decision or measure | 理監事會：無新調整；集中度 11 月底 37.4%，續審視各銀行自主管理方案 | ||
| n/a | — | Decision or measure | 理監事會：無調整；集中度 2 月底 37.1% | ||
| n/a | — | Decision or measure | 央行澄清「信用管制政策轉向、限縮十大建商貸款」報導與事實不符；理監事會是否調整將由理事會決定 | ||
| n/a | — | Decision or measure | 理監事會：無調整；集中度 5 月底 37.1% | ||
| n/a | — | Decision or measure | 央行調整換屋協處：出售原屋期限由 1 年延長為 18 個月（自 2024-09-20 以後錄案案件均可適用） | ||
| n/a | — | Decision or measure | 理監事會：無調整；集中度由 2024-06 底高點 37.61% 降至 2025-08 底 36.71% | ||
| n/a | — | Decision or measure | 理監事會：維持第七波措施不變；但「明年起銀行不動產貸款總量回歸由各銀行內部控管；惟須按月向本行報送相關資料」，續辦專案金檢。集中度 11 月底 36.70%；不動產貸款/購置住宅/建築貸款餘額年增率 3.79%/4.81%/0.68% | ||
| n/a | — | Decision or measure | 理監事會：第 2 戶 5→6 成（見上表）。集中度 2 月底 36.0%（央行簡報：35.96%）；不動產貸款餘額年增率自 2024-09 底高點 9.4% 降至 3.7% | ||
| 20 Mar 2026 | 第 8 度（央行簡報圖表標示） | Rule | 全國自然人第 2 戶購屋貸款 5→6 成（放寬）。央行理由：選擇性信用管制成效顯現、集中度回降，並「回應民眾陳情申辦自然人第2戶貸款係供家人或自己購屋自住之需求」 | ||
| n/a | — | Decision or measure | 理監事會：維持管制，無條文調整。集中度 5 月底 35.2%；央行指出「與股市活動相關之信用明顯擴張」 | ||
| n/a | — | Decision or measure | 理監事會：第 2 戶 6→7 成、購地刪切結（見上表） | ||
| 18 Sep 2026 | — | Rule | 第 2 戶購屋貸款 6→7 成（放寬）；刪除購地貸款「切結於一定期間內動工興建」規定（回歸銀行授信實務）。央行：不動產貸款集中度 2026-07 底 34.44%，較 2024-06 底 37.61% 下降 3.17 個百分點 | ||
| Scheduled | n/a | — | Decision or measure | 下次理監事會，晚於讀取日 |
Where to go next
After the history, these pages show how the current system works.
Other topics
- Health and Long-Term Care How Taiwan's National Health Insurance and long-term care work: system, history, finances, ageing, pressure points and positions, with subsidy and premium calculators.
- Industries and listed companies Exports, GDP, science parks, factories by county and twenty years of market-cap rankings: Taiwan’s industrial structure in official statistics, plus six public debates in each side’s own words.
- Pay, tax and retirement Where a Taiwanese paycheck goes: the wage distribution, income tax, Labor Insurance and Labor Pension, and the pension-reform debate, with four calculators.
- Taiwanese Names Surnames, the given names that mark each generation, four official spellings, and Indigenous names, with a name romanization tool.