By: Central News Agency
Housing transaction value in Taiwan fell sharply in 2015, down more than 20 percent from a year earlier, at a time when the local economy showed signs of slowing down, according to market statistics.
In 2015, the transaction value of homes, shops and offices in the local market totaled NT$2.92 trillion (US$86.9 billion), down almost NT$1 trillion or 24 percent from a year earlier, the statistics showed.
In terms of transaction volume, the data indicated that residential and commercial property for 2015 fell 8 percent from a year earlier to 294,000 units, which was also evidence of weakness in the local property market. [FULL STORY]