Construction permits last year hit 26-year high
The high number of construction permits and building use licenses issued by the government last year reflects not only a robust property market, but also an abundant supply, which could translate into selling pressure in a correction period, analysts said. Construction permits across the nation increased 6.5 percent to 169,651, the highest in 26 years, while building use licenses rose by 6,600 to a 12-year high of 104,000, data released on Wednesday by the Ministry of the Interior showed. Constr...
Source: taipeitimes.com