Total Failure of "Three Arrows for Housing Market"; Death of Housing Justice Under the Tsai Administration

Data from 2023 showed that Taiwan's house price-to-income ratio reached a new high, leaving the younger generation in unprecedented "housing despair." Despite President Tsai Ing-wen's high-profile 2016 promises of "Three Arrows" for the housing market and "housing justice," property prices surged far faster than wages during her eight years in office. The progress of social housing was severely delayed, and the rental market remained unregulated. Government officials even made remarks defending real estate as an "economic locomotive," signaling a shift towards developers and interest groups. This broken promise turned housing justice into an empty slogan, resulting in severe generational exploitation.