New-home prices drop in north

YILAN DRAW:‘Housing Monthly’ research manager Ho Shih-chang said that local residents and buyers from Taipei provided demand, keeping prices stable in Yilan

Taipei Times
Date: Apr 22, 2016
By: Crystal Hsu / Staff reporter

Presale and new-home prices dropped modestly in northern Taiwan last quarter from the previous quarter as some developers and builders offered greater concessions to facilitate transactions, Housing Monthly said yesterday.

However, it would be premature to speculate over a recovery, due to low visibility, even though buying interest picked up noticeably this month, the Chinese-language magazine said.

New Taipei City and Taoyuan reported the biggest price declines of 2.17 percent and 2.09 percent to NT$406,000 (US$12,571) per ping and NT$239,000 per ping respectively, as companies demonstrated greater pricing flexibility to digest inventory, the magazine’s research manager Ho Shih-chang (何世昌) said by telephone.     [FULL  STORY]

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