Focus Taiwan
Date; 2016/12/25
By: Wei Shu and Frances Huang
Taipei, Dec. 25 (CNA) Transactions of luxury residential housing in Taipei for 2016 are expected to fall
H&B said that so far this year, transactions in 2016 of luxury homes in Taipei — the most closely watched property market in Taiwan — dropped sharply from 314 units for the whole of 2015 to 152.
With the current year approaching an end, transactions of luxury homes carrying a price tag of no less than NT$80 million (US$2.5 million) in Taipei for the whole of 2016 are expected to be more than halved from a year earlier.
Hsu Chia-hsin (徐佳馨), head of research at H&B, said that recent efforts by the government to curb skyrocketing home prices in the local market have depressed the luxury home market in Taipei. [FULL STORY]