Commercial property transactions soar 51.5 percent
Bringing Taiwan to the World and the World to Taiwan
Stay updated with breaking news from Billy Yen. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Bringing Taiwan to the World and the World to Taiwan
Bringing Taiwan to the World and the World to Taiwan
Bringing Taiwan to the World and the World to Taiwan
Commercial property transactions last quarter declined 19 percent from the previous quarter to NT$27.7 billion (US$929.22 million), as monetary tightening and economic uncertainty pushed buyers and sellers to the sidelines, Cushman & Wakefield Taiwan (戴德梁行) said on Tuesday. Office and industrial spaces accounted for NT$15.18 billion, or 54.9 percent of the overall trading, driven by expectations of increased rental incomes, the property consultancy said. Rental income calculations led Kung Ching International Development Co (坤慶國際) and Universal Estate Development Co (環泥...
Land transactions last quarter fell to a three-year low of NT$44.5 billion (US$1.55 billion), as credit controls and interest rate increases generated caution among developers, the local branch of international property consultancy Cushman & Wakefield said last week. “This segment of the property market has sensed the chilling effect caused by waves of credit controls and the interest rate hike in March,” Cushman & Wakefield Taiwan said. Even though the central bank last month said its policy rate increase of 25 basis points was not aimed at the property sector, the move would rais...