By: Wei Shu and Frances Huang
Taipei, April 4 (CNA) Residential and commercial property transactions in March rebounded in Taipei, Taoyuan and Tainan cities as the number of business days returned to normal during the month, after the Lunar New Year holiday in February, market analysts said Saturday.
More importantly, transactions were boosted in March because concerns over the capital gains tax targeting home sales showed signs of fading, and investors rushed to return to the market to buy, analysts said.
According to market statistics, transactions of homes, offices and shops in Taipei in March rose 17.7 percent from a month earlier to 2,179 units. Taipei, the capital of Taiwan, is the most watched property market in the country. [FULL STORY]