'Star schools' distort Taipei property market

Jens Kastner:

Epoch-making educational reform is predicted to leave its mark on the Taipei City property market. In 2014, Taiwan's nine-year compulsory education will be extended to 12 years, and junior high school students will no longer have rigid entrance exams for senior high schools - it will all depend on their house address.

Instead of test scores in combination with household registration in desirable school districts, only the latter will determine the school that students get into. This, along with the huge faith ambitious parents put in the performance of so-called "star schools", has caused dramatic rises in house prices and rents in the catchment areas of the best schools.

Posted by Jim Zellmer at August 9, 2011 3:39 AM
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