FLEXIBILITY:The pickup was most apparent in Taoyuan and Taichung, rising 18.6% and 14.6% respectively, as sellers were prepared to negotiate prices, Taiwan Realty said

Taipei Times
Date: Oct 31, 2016
By: Crystal Hsu / Staff reporter

The nation’s major real-estate brokers reported better transactions this month than last month, when two typhoons and the Mid-Autumn Festival holiday decreased the number of working days and dampened buying interest.

However, the market remains soft and brokers said they expect weak sales for the rest of this quarter — the traditional high sales season — as buyers wait on the sidelines in expectations of price reductions.

Taiwan Realty Co (台灣房屋) posted an 8.3 percent month-on-month increase in property transactions, driven by self-occupancy needs, the broker said.

“The pickup is most evident in Taoyuan and Taichung, where 10-year-old homes outperformed other properties because they are relatively affordable and necessitate low renovation costs,” Taiwan Realty spokeswoman Charlene Chang (張旭嵐) said in a statement.    [FULL  STORY]