REPORT:DTZ Debenham Tie Leung said transactions picked up significantly in Q4, but the increase was insufficient to offset the effects of the slowing local economy
Date: Feb 08, 2016
By: Staff writer, with CNA
Transactions of commercial property in Taiwan fell to a seven-year low last year at a time when the local economy was slowing down, according to a recent research report.
Citing the report, international property consultancy DTZ Debenham Tie Leung (戴德梁行) said that transactions of office and shop space in Taiwan totaled NT$77.86 billion (US$2.32 billion) for the whole of last year, down 14 percent from the previous year.
Last year’s transaction value even fell to the lowest level since 2008 due to poor performance in the local economy, DTZ said. [FULL STORY]