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Real estate investment in Taiwan : an examination of the recent opening of real estate markets to foreign entities

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dc.contributor.advisor Alice H. Amsden. en_US Lee, Jason, 1973- en_US
dc.contributor.other Massachusetts Institute of Technology. Dept. of Architecture. en_US 2006-03-29T18:24:28Z 2006-03-29T18:24:28Z 2001 en_US 2001 en_US
dc.description Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Architecture, 2001. en_US
dc.description Includes bibliographical references (leaves 67-72). en_US
dc.description.abstract In hope to revitalize the slumping real estate markets and sluggish economy, the government of Taiwan, Republic of China, has recently opened up direct real estate investment opportunities to foreign entities. In conjunction with the joining of WTO, Taiwan hopes that foreign funds and maybe even investment from Mainland China will infuse capital and uplift the markets. Nevertheless, the potential impacts to the real estate industries have not yet been fully examined. Several professionals and academia suggested that the projected effects of direct investment into Taiwan's real estate markets will not seem to be as optimistic as how the government has hoped for. Political uncertainties, slow market growth, low transparency, oversupply of products, and different real estate valuation expectations will prohibit bullish direct investment activities. The net result is complicated. A closer look shows that foreign capital will create a short-term turbulence in the real estate markets and further exaggerate value discrepancies between market sectors and geographical locations. As the formation of AMCs (Asset Management Corporations) will consolidate NPL's and thus further depress market value, the deeply discounted high quality properties in different regions, the possibility of securitizing real estate assets, and the continuing of general foreign business development will attract real estate investment opportunities into different product sectors and locations, and thus create value disparities. Long run effects will depend on the island's political and economic situations. Overall, as Taiwan is preparing to enter the WTO, the opening of real estate industries to the international marketplace will standardize valuation methods, reorganize industry structure and make the markets more transparent. en_US
dc.description.statementofresponsibility by Jason Lee. en_US
dc.format.extent 72 leaves en_US
dc.format.extent 4590928 bytes
dc.format.extent 4596993 bytes
dc.format.mimetype application/pdf
dc.format.mimetype application/pdf
dc.language.iso eng en_US
dc.publisher Massachusetts Institute of Technology en_US
dc.rights M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. en_US
dc.subject Architecture. en_US
dc.title Real estate investment in Taiwan : an examination of the recent opening of real estate markets to foreign entities en_US
dc.type Thesis en_US S.M. en_US
dc.contributor.department Massachusetts Institute of Technology. Dept. of Architecture. en_US
dc.identifier.oclc 49890801 en_US

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