Taipei Times
Date: Jan 29, 2020
By: Crystal Hsu / Staff reporter
Presale and new housing projects last quarter totaled NT$297.4 billion (US$9.91 billion), an increase of 35.3 percent from a year earlier, as a stable economy and low interest rates helped the market recover, a quarterly survey released last week by Cathay Real Estate Development Co (國泰建設) showed.
The figure was still down 28.9 percent on a quarterly basis, as developers and builders adopted a cautious strategy ahead of the Jan. 11 presidential and legislative elections, the survey said.
“The market saw a stable recovery in the October-to-December period and the entire last year, judging by the construction volume and housing prices,” the survey said, adding that the improvement was limited in terms of sales rates.
Housing prices inched up 0.95 percent to NT$279,400 per ping (3.3m2) nationwide, with the rate for Taipei anchored at NT$798,000 per ping, the survey found. [FULL STORY]