Commercial property sales surge 60% in Q1By Crystal Hsu / Staff reporterTaiwan started off this year with the fastest increase in commercial property sales, which soared 60 percent from a year earlier to US$1.3 billion last quarter, a report by Real Capital Analytics (RCA) found on Monday. Photo: Hsu Yi-ping, Taipei TimesHowever, investment activity across major income-producing property types in the Asia-Pacific region slipped 12 percent year-on-year to US$29.6 billion, with only five of major commercial markets seeing higher deal volumes, it said. China overtook Japan as the most active commercial property market by trading value, which reached US$8 billion, representing a 4 percent increase from the same period last year, it said. The comeback in retail investment activity continued, with sales rising to US$5.7 billion, or a 2 percent increase from a year earlier, it said. The retail recovery corresponded with price falls across major markets, driven by retailers rationalizing their occupancy strategies throughout the past 12 months.

Source: Taipei Times May 12, 2021 15:56 UTC