By: Wei Shu and Frances Huang
Taipei, April 18 (CNA) The value of high-end commercial property in Taiwan for the first quarter of this year fell more than 60 percent from a quarter earlier, according to statistics compiled by Yung Ching Realty Group (永慶房屋集團) with analysts attributing the fall to cautious sentiment toward a government tax reform plan.
During the January-March period, the transaction value of stores, offices and factories carrying a price of tag of NT$100 million (US$3.21 million) or higher each in Taiwan totaled NT$8.49 billion, down 62.5 percent from a quarter earlier, the data showed.
The first quarter figure actually fell to a three-year quarterly low, the statistics indicated. [FULL STORY]