Northern Taiwan new housing projects drop to lowest level in 6 years

New housing projects launched in northern Taiwan drops 22 percent in first quarter of 2017

Taiwan News
Date: 2017/03/17
By: Judy Lin, Taiwan News, Staff Writer

TAIPEI (Taiwan News)—The number of new housing projects released onto the market

A view of Taipei City.(By Central News Agency)

by developers plummeted to record low in the last six years, according to statistics compiled by real-estate magazine My Housing.

New housing projects declined 22.6 percent to a total market value of NT$164.8 billion in first quarter of 2017, a decrease of NT$482 million compared to the same period last year.

Taiwan real estate developers were more conservative in first quarter of 2017, as most real estate developers focus on completing new housing project sales from last year, and were less inclined to launch new housing projects, noted the magazine.

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