Looking back at Taiwan's last property boom in 1987, we note that it occurred at a time when the NT dollar was appreciating and there was a lot of "hot money" flowing around. The trade surplus was at unprecedented levels and there were not many investment alternatives available. In this situation, property prices boomed under pressure from local and foreign capital.
回首來時路，上一波民國七十六年的房市榮景，是在台幣升值、熱錢湧入，外貿出超空前，而當時國內投資工具又非常有限的情況下，內外錢潮夾擊才會激起的。