lACKLUSTER:All six municipalities except Tainan reported declines in housing sales last month, fueling concern that transactions this year could drop to a record low

Taipei Times
Date: Sep 06, 2016
By: Crystal Hsu / Staff reporter

Housing transactions in the nation’s six special municipalities last month fell 14.5 percent from July, as the lunar Ghost Month dampened buying interest, analysts said.

Housing sales in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung totaled 15,170 units last month, as prospective buyers shunned the market, Taiwan Realty Co (台灣房屋) said.

“While the month-on-month retreat is normal during this time of the year, expectations of a price fall exacerbated the situation,” Taiwan Realty analyst Yeh Li-ming (葉立敏) said.

Most Taiwanese avoid activities such as moving into a new house, starting a new business or getting married during the seventh month of the lunar calendar.     [FULL  STORY]