Focus Taiwan
Date: 2018/02/10
By: Wei Shu and Frances Huang
Taipei, Feb. 10 (CNA) The local property market flashed a ‘blue light’ in January, pointing to contraction with an index gauging the state of the market falling from the previous month, according to a survey conducted by the real estate magazine My Housing.
The housing index for January dropped 0.4 points from a month earlier to 30.2, indicating the local property market flashed a blue light, with a score under 32 points. The listing of newly completed homes and the amount of property advertisement, two of the six factors in the index moved lower, the magazine said.
It was the second consecutive month the local property market has flashed a blue light, according to the magazine.
Under the system, red indicates overheating, yellow-red shows fast growth, green represents stable growth, yellow-blue signals sluggish growth, and blue indicates contraction. [FULL STORY]