CBRE TAIWAN:Central government property tax plans have fueled price correction predictions, and home transactions fell to a 12-year low last year
Date: Mar 31, 2015
By: Crystal Hsu / Staff reporter
Commercial property transactions totaled NT$35.2 billion (US$1.12 billion) this quarter, down 3 percent from the same period last year, driven mainly by land deals, as no office buildings changed hands, CBRE Taiwan said yesterday.
The local branch of the US property consultancy attributed the sluggish market to unfavorable government policies related to property taxes and a yield requirement. [FULL STORY]