TAX-FEAR CONTAGION:An analyst said prospective buyers are staying away from the market, as they are wary of an upcoming tax — even though it would not affect them

Taipei Times
Date: Aug 03, 2015
By: Crystal Hsu  /  Staff reporter

Transactions for existing homes in the nation remained flat last month from June, but the figure is a marked decline from the same period last year, with self-occupancy and relocation needs driving sellers to reduce prices slightly, major brokers said yesterday.

Sinyi Realty Inc (信義房屋), the nation’s only listed broker, saw its overall trading volume of existing homes remain virtually unchanged last month from June but the figure marks a 10 percent decline from the same period last year, Sinyi researcher Tseng Chin-der (曾進德) said.     [FULL STORY]