GREATER TAIPEI:Brokers reported increases in sales in the two northern cities, spurred by a housing price correction, which ignited the interest of purchasers

Taipei Times
Date: Dec 01, 2016
By: Crystal Hsu / Staff reporter

The nation’s major real-estate brokers reported uneven improvement in property deals last month, as some sellers made greater concessions to facilitate transactions.

Sinyi Realty Inc (信義房屋), the nation’s only listed broker, said transactions last month picked up 8 percent nationwide on top of October sales, with the rebound most evident in the Greater Taipei area.

A noticeable correction in housing prices in Taipei and New Taipei City helped spur transactions, while the government has softened rhetoric about the market, Sinyi research manager Tseng Ching-der (曾敬德) said.

Housing transactions increased by double-digit percentage points in the two northern cities, whether compared with October or a year earlier, Sinyi data showed.    [FULL  STORY]