Focus Taiwan
Date: 2017/12/19
By: Wei Shu and Frances Huang
Taipei, Dec. 19 (CNA) Transactions of commercial properties around Taiwan rose only
CNA file photo
slightly in 2017, as a fall in investment by life insurers compromised growth, property management firm Savills plc said Tuesday.
Transactions in Taiwan of large commercial properties valued at no less than NT$300 million (US$110 million) in each transaction totaled NT$69.1 billion in 2017, up 4.8 percent from a year earlier, data compiled by Savills showed.
The data does not include the transactions of land which were used for construction of offices, shops or factories, Savills said.
In 2008, Taiwan’s commercial property sales dipped to a low of NT$50 billion as the local property market felt the pinch of the global financial crisis at that time, but transaction values have increased since then, according to the property agency. [FULL STORY]
