By: Tsai Yi-chu and Frances Huang
After a 4 percent fall in 2015, Taiwan’s property prices have continued to fall but that is expected to be limited to 1 percent in 2016, S&P said.
Chou Yi-hua (周怡華), an analyst with Taiwan Ratings, a local partner of S&P, said that property prices in 2017 are expected to fall about 1 percent, which indicates that market order is set to return.
Chou said that Taiwan’s property market has been in consolidation mode from 2016-2017, ensuring prices should start stabilizing in 2018 and continue into 2019. [FULL STORY]