Presale spring housing projects plummet

Focus Taiwan
Date:  May 08, 2015
By: Crystal Hsu  /  Staff reporter

Developers and builders launched NT$137.6 billion (US$4.47 billion) worth of presale housing projects during the just-concluded spring sales season, 55.5 percent lower than expected, as the grim sentiment extended to the supply side, although few would cut prices significantly to attract buyers, a survey by online property researcher HouseFun (好房網) showed.

The figure accounted for just 44.5 percent of a NT$230.9 billion HouseFun forecast before the sales season that runs from late March to the end of last month.

“The result reflects a downturn in sentiment among developers and builders, but is not all negative for the market,” HouseFun head Ni Tze-jen (倪子仁) said.    [FULL  STORY]

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