Housing transactions in February down 25%

Focus Taiwan
Date: 2016/02/27
By: Wei Shu and Frances Huang

Taipei, Feb. 27 (CNA) Transactions of residential and commercial property in 201602270022t0001Taiwan has fallen about 25 percent year-on-year so far in February due to fewer working days in the month, where the Lunar New Year holiday fell, according to market statistics.

Citing the data, H&B Business Group (住商不動產), one of Taiwan’s leading real estate sales agencies, said that February was a traditional slow season for the local property market, and even worse, a strong earthquake hitting southern Tainan earlier in the month prompted many home buyers to stay on the sidelines amid concerns over safety.

A 6.4-magnitude quake rocked southern Taiwan at 3:57 a.m. on Feb. 6, toppling more than 10 buildings, all in Tainan. The temblor killed a total of 117 in Tainan and 115 out of the 117 died in the rubble of the Weiguan Jinlong residential complex, which was said to be built with substandard materials and methods.     [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.