Property demand boosted by trade dispute: CBRE

Taipei Times
Date: Jan 05, 2019
By: Crystal Hsu  /  Staff reporter

Demand for industrial land and properties might increase further in the short to medium term as China-based Taiwanese manufacturers take advantage of reshoring initiatives to cut exposure to trade conflict-related risks, CBRE Taiwan said yesterday.

Authorities have unveiled a three-year program to help China-based manufacturers move back to Taiwan to avoid punitive tariffs from Washington on Chinese goods.

The program, which took effect this year, provides incentives including land provisioning, help with staffing, tax credits, utility discounts and funding services. Specific measures include rent waivers at industrial parks for two years.

“More Taiwanese firms in China have voiced a willingness to move back to Taiwan,” CBRE Taiwan said in a report, adding that some already took action last year.

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