Housing prices around Taiwan are quite high relative to people's incomes, yet the vacancy rate is also relatively high, exceeding 10 percent. This combustible mix of high property prices and high availability led Finance Minister Chang Sheng-ford to warn Thursday that the property market could follow the inflatable Rubber Duck in Keelung and burst without warning. According to Taiwan's Construction and Planning Agency, the average housing price in Taiwan is 9.2 times average annual income. Taipei residents suffer the most, facing a housing price to income ratio of 14.7 times.Though many people cannot afford their own home, Taiwan's housing vacancy rate is 10.63 percent, higher than in Hong Kong and Singapore, leading to fears of a potential bubble in the real estate market.Chang Sheng-ford

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