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Over 1,200 'sleep out' in Taipei in protest against high housing prices

2014/10/05 16:57:28

Taipei, Oct. 5 (CNA) About 1,200 people camped out Saturday night on Renai Road in front of "The Palace" -- Taipei City's most representative luxury residential condominium -- to demand swift government action on soaring housing prices, according to the Taipei Police Department.

According to a survey of global economies this year, Hong Kong has the world's highest house price-to-income ratio at 14.9. However, the ratio for Taipei, which was not included in the survey, is even higher at 15, local media reported.

The "sleepout" encampment, part of the "Housing Movement" that was launched by a coalition of more than 70 civic groups to protest against high housing prices, followed a five-hour sit-in that ended at 10:10 p.m.

Panel discussions and group activities then took place, with 2,800 people participating in the sit-in, according to police estimates.

Organizers of the movement, however, were slapped with six fines by municipal officials for excessive noise during their activities.

The "Housing Movement," the second campaign of its kind in 25 years, ended without incident at 9:10 a.m. Sunday.

(By C.P. Liu and Flor Wang)