Focus Taiwan
Date: 2018/12/08
By: Wei Hsu and Frances Huang 

Taipei, Dec. 8 (CNA) The property market in northern Taiwan flashed a “blue light” in November, pointing to contraction amid political uncertainty over the Nov. 24 local government elections, according to a recent survey published in the real estate magazine My Housing.

Citing the survey, the magazine said there was decline in listings of new residential properties, listings of presale residential property projects, advertising for housing sales, and transactions, amid market pessimism in November.

According to the survey, the housing index for northern Taiwan fell 3.7 points in November from the previous month to 27.2 points, the lowest this year.

The index therefore flashed a blue light, which happens when it drops below 32 points, indicating contraction, the magazine said.    [FULL  STORY]