Peter was part of the crowd that piled into Fuyu Fuyu, a development of high-rise apartments in the northern Taiwan municipality of Taoyuan, one Sunday this month. By day’s end the young engineer, who does not want to be fully identified, had signed up to spend NT$20mn (US$630,000) on a 120 square-metre apartment — his second.“It is the best way to invest. My income will grow even faster in the next few years, and it is the same for so many others, so the value of the property will go up,” said ...