Taiwan News
Date: 2018/01/28
By: Central News Agency
TAIPEI (CNA) — Transactions of residential and commercial property in Taiwan staged a
(By Central News Agency)
rebound in 2017, ending three straight years of declines, according to the Ministry of the Interior (MOI).
After transactions of homes, offices and shops in Taiwan dipped to an all-time low in 2016, sales in 2017 rose 8 percent year-on-year to 266,086 units, according to data from the ministry, which started tallying property transaction figures in 1991.
Tseng Ching-der (曾敬德), a research manager with Sinyi Realty Inc., said the rebound showed the property market has stabilized after the gloomy performance in 2016.
Analysts said the rebound was driven by sellers cutting prices to spur activity after the low level of transactions in 2016. [FULL STORY]
