Prices for new properties projected to fall in 2015

The China Post
Date: March 27, 2015
By: Yuan-Ming Chiao

TAIPEI, Taiwan — Housing prices for the “March 29 Period” (329檔期) are expected to show wider bargaining price margins relative to 2014, according to a report by local online property service, HouseFun (好房網). Pricing for new properties in Taipei City are expected to fall three to five percent in 2015.

HouseFun’s report includes new properties entering the market in northern Taiwan. To derive the bargaining price margins, HouseFun compared the suggested price of the 91 properties falling under the “March 29 Period” with the final transaction. Total value for new properties in Taiwan’s six municipalities is estimated at NT$230 billion dollars. Estimated value of properties located in northern Taiwan (including Taoyuan and Hsinchu) account for an overwhelming 75 percent of this figure.     [FULL  STORY]