Local capital drove all of the deals, of which 72 percent were concentrated in Taipei, Taoyuan and Tainan, Cushman & Wakefield said. Cushman & Wakefield Taiwan general manager Billy Yen speaks at a news conference in Taipei yesterday. Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, bought three factories in Tainan for NT$9.35 billion to meet capacity expansion needs, Cushman & Wakefield said. Adding another purchase of NT$660 million last quarter, TSMC poured more than NT$10 billion into the commercial property market, becoming a major contributor, it said. The housing market also recovered from the COVID-19 pandemic judging by transaction volumes and prices, Cushman & Wakefield Taiwan general manager Billy Yen (顏炳立) said.

Source: Taipei Times September 29, 2020 16:07 UTC