Taiwan’s 2015 housing transactions forecast at 14-year low

Focus Taiwan
Date: 2015/12/24
By: Wei Shu and Frances Huang

Taipei, Dec. 24 (CNA) Transactions of residential and commercial properties in Taiwan are likely to register the lowest number since 2001, a real estate agency said Thursday, citing a sluggish domestic economy and dampened sentiment toward the property market.

Chinatrust Real Estate Co. (中信房屋), one of Taiwan’s leading realtors, forecast that transactions of homes, offices and shops in Taiwan for this year will register 271,000 units, compared with 320,598 units last year.

The 2015 figure will be the lowest since 2001, when housing transactions stood at 259,494 units, the real estate agency said.