By: Wei Shu and Frances Huang
Taipei, Jan. 26 (CNA) Prices of newly built homes and pre-sale projects in cities and counties in northern Taiwan generally moved slightly higher in the fourth quarter, indicating a stable property market in these areas, according to real estate magazine My Housing.
Data compiled by the magazine covered the northern Taiwan cities of Taipei, New Taipei, Taoyuan, Keelung, and Hsinchu and the counties of Hsinchu and Yilan, which account for more than 50 percent of the total residential and commercial property transactions in the country.
Home prices in Taipei, the most closely watched property market in Taiwan, averaged NT$851,000 (US$27,630) per ping (one ping equals 3.3 square meters) in the fourth quarter, up 2.28 percent from a quarter earlier and also up 2.16 percent from a year earlier.
Ho Shih-chang (何世昌), a research manager at the magazine, said in a statement that it was the first year-on-year growth in home prices in Taiwan since the second half of 2014.