Housing transactions in 6 major cities down over 10% in October

Focus Taiwan
Date: 2017/11/04
By: Wei Shu and Frances Huang

Taipei, Nov. 4 (CNA) Transactions of residential and commercial property in Taiwan’s six major cities fell more than 10 percent in October from a month earlier as Ghost Month still weighed down the market, according to government statistics.

In October, transactions of homes, shops and offices in the six largest cities — Taipei, New Taipei, Taoyuan, Taichung, Tainan and Kaohsiung — fell 12 percent from a month earlier to 15,154 units.

The October figure was also down about 3 percent from a year earlier, the data showed.

Consumers in Taiwan tend not to buy big ticket items like homes and cars during Ghost Month, which fell this year between Aug. 22 and Sept. 20.    [FULL  STORY]