HEADING NORTH: Taipei’s Neihu was increasingly popular with investors in the second quarter and responsible for NT$24.6 billion of the total NT$77.9 billion in transactions

Taipei Times
Date: Jul 09, 2018
By: Staff writer, with CNA

Commercial property transactions hit a 15-year high in the second quarter of the year, data from real-estate advisory firm CBRE Group Inc showed.

Sales of commercial property in Taiwan during the April-to-June period totaled NT$77.9 billion (US$2.55 billion), the highest level since the firm started to publish the statistics in 2003, CBRE said on Tuesday last week.

Transactions in the second quarter grew 165 percent from the same period last year, largely on the back of strong interest from innovative start-ups, CBRE said.

Out of the total sales value, NT$33.3 billion came from transactions of shops, factories and offices, up 154 percent from last year, while the remaining NT$44.6 billion came from land transactions, up 173 percent from last year, the data showed.    [FULL  STORY]