Housing transactions in northern Taiwan hit new low in 2016

Focus Taiwan
Date: 2017/02/09
By: Wei Shu and Evelyn Kao

Taipei, Feb. 9 (CNA) Transactions of residential and commercial property in northern Taiwan for 2016 fell to a record low of around 29 percent of available properties, in reflection of stagnant buying interest, real estate market magazine My Housing (住展雜誌) reported Thursday.

The number of new houses and pre-construction homes for sale in northern Taiwan last year totaled 42,076 but only 12,116 units were sold, representing a sales rate of 28.8 percent.

Among the cities and counties in northern Taiwan, New Taipei had the most homes for sale, at 15,490 units, followed by Taoyuan with 12,500 units, while Hsinchu County had 3,839 units and Taipei had 3,589 properties for sale.    [FULL  STORY]

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