By: Wei Shu and Frances Huang
Taipei, May 2 (CNA) Residential and commercial property transactions in Taiwan’s six major metropolitan areas rose more than 7 percent in April from a month earlier after the country’s central bank eased credit controls on property loans.
A total of 14,491 homes, shops and offices were sold in the six cities in April, 7.5 percent more than in March, according to statistics released Monday by the cities.
Analysts said the figures point to the beginning of a recovery in the sluggish property markets in Taiwan’s six major cities — Taipei, New Taipei, Taoyuan, Taichung, Tainan and Kaohsiung.
Among the six cities, Taoyuan in northern Taiwan had the highest month-on-month growth of 23.5 percent, with sales of 3,617 units, the statistics showed. [FULL STORY]