Essentially, a risk advisor learns about the pressures, risks and opportunities surrounding your specific business and the wider market. Everything from political risk to financial crime is analyzed in the right perspective, showing how it may affect what you do. Research and analysis of critical data is a major element of risk advisory services, but so is deep industry knowledge, as well as the ability to collect and draw insights from complex information. It is essential for organizations hoping to anticipate and mitigate risk and develop risk management strategies in the face of turbulence. You can plan ahead for risk.
The best risk consultants are a trusted advisor, helping you develop risk strategy unique to your industry and specific business goals. We leverage proven methodologies and models built on what we’ve been learning for many decades. Therefore, you have a confident response to the rich, ever-changing variables that affect business around the globe. It’s not just about managing and recuperating the cost of risks, but preventing them from ever happening – and turning them to your advantage to advance profit, capital, and innovation opportunities.
With our assistance, you’re able to:
- Make smarter decisions: Our risk consultants have a deep understanding of the type of risks you may encounter, such as the industry or political risk, based on a significant amount of trend and data analysis. In addition, we are embedded within regions ourselves for even sharper insights. We’ve developed extensive risk mitigation and management strategies, helping our clients plan for unforeseen events.
- Effectively communicate risk goals and strategies: Getting everyone on the same page is crucial for risk management to launch and thrive. We can help you facilitate an ongoing conversation between key stakeholders, so you have buy-in and a shared realistic understanding of the outcomes you are working towards.
- Increase productivity: Many risk departments are being forced to do more with less. Risk consultants can extend your team, scaling up or down with business needs. We also allow you to tap into a pool of highly specialists that may be needed for a specific situation or challenge.
- Improve operations: We can work with you to build proactive business risk management processes and practices, thereby reducing and preventing the chance of business interruption. We conduct a full audit of risk management processes, assessing gaps and streamlining changes. This can reduce compliance risk that could result in fines or criminal charges.
Last updated January 14th, 2024.
To be frank: buying property in Taiwan isn’t a good way to make returns at all.
Either way, we’ll still talk about the real estate market here in Taipei and elsewhere in Taiwan. Hopefully it serves as a solid example of somewhere you shouldn’t invest.
We already wrote about the most expensive places in Asia for buying real estate along with the cheapest ones.
Criteria like those are fine if you merely want to know which countries are within your price range. You almost certainly have some sort of investment budget whether it’s large or small.
But judging real estate markets by their affordability (or lack thereof) doesn’t tell you anything about their potential for return. As investors, we’re much more interested in overall value – not simply a price tag.
For example, Hong Kong has ranked among the priciest markets on the planet for more than a decade, yet apartment values keep increasing nonetheless.
Likewise, Cairo is one of the least expensive cities. Yet massive amounts of oversupply in the suburbs is causing stagnant prices and a weak outlook. It’s a long distance away from Taipei but shares the same problem.
Of course, we’re looking at Taiwan today. There is very little profit left in the island’s real estate sector despite boasting a fairly strong economy in general.
Real Estate in Taiwan is a Bad Investment
Taiwan does have many positive aspects that could be attractive to foreign investors… at least on paper.
Besides Macau, it’s the sole territory in the entire Chinese sphere of influence where foreigners can own freehold property. Doing business in Taiwan is easier compared to most places in the region too.
With all that said, real estate prices are completely out of touch with reality. Buying property in Taipei costs around US$7,000 per square meter (US$650 per square foot).
That means a rather modest 100sqm, two-bedroom house or apartment for sale in Taipei will set you back US$700,000.
The average Taiwanese citizen makes just over US$1,500 a month though. In other words, you would have to work for almost 40 years to afford a small apartment!
Not only that, but rental yields in Taipei are absolutely abysmal at about 2%.
That’s the lowest of all countries in Asia, and likely the housing market’s reaction to local Taiwanese not being able to actually afford property in Taiwan.
Quite frankly, rental prices must be low… or else everyone would be homeless.
Hong Kong and Singapore have managed to keep their expensive real estate values despite similarly low-yields and unaffordability to locals.
Yet they’re also both major global financial centers, are highly developed, and have a scarcity of land that Taiwan’s housing market doesn’t.
Buyers from mainland China are propping up prices in Taipei. However, with Beijing’s preventing their citizens from investing offshore, severely limiting Taiwan of its key growth factor, the situation is dire.
For all these reasons, Taiwan’s property market is practically begging for a correction. Chinese investors from the mainland won’t continue supporting demand much longer with their own economy now struggling.
You probably shouldn’t buy a house, apartment, mansion, or any other type of property in Taiwan.