New housing projects in Taipei forecast to hit record low in 2015

Focus Taiwan
Date: 2015/08/27
By: Wei Shu and Frances Huang

Taipei, Aug. 27 (CNA) The number of new housing projects in Taipei City is expected to fall in 2015 to the lowest in 19 years due to a series of government’s measures to rein in home prices, a local property market magazine said Thursday.

According to My Housing magazine (住展雜誌), there have been only 100 new housing projects in Taipei so far this year and the number is unlikely to exceed 160 for the whole year.

That would be the lowest annual number since 1996, when new housing projects in the capital city totaled 152, the magazine said.     [FULL  STORY]