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. Construction permits reflect confidence on the supply side, Great Home Realty Co (大家房屋) head resea...
Source: taipeitimes.com
