Commercial property transactions gain 14.3%By Crystal Hsu / Staff reporterCommercial property transactions last quarter gained 14.3 percent from three months earlier to NT$31.32 billion (US$1.12 billion), while land deals jumped 15.8 percent to NT$77.5 billion, propelled by demand for commercial and industrial office spaces, as well as factories, Cushman & Wakefield Taiwan (戴德梁行) said yesterday. In the first three quarters of the year, commercial property deals totaled NT$105.07 billion, already surpassing the figure for the whole of last year, the local branch of the US property consultancy said. Cushman & Wakefield Taiwan managing director Billy Yen speaks at a news conference in Taipei yesterday. Land deals have been hot, with an average quarterly volume of NT$73.8 billion for the past two-and-a-half years, the consultancy said. It is unlikely that property prices would fall, given increasingly expensive building materials and land costs, Yen said.

Source: Taipei Times October 05, 2021 15:56 UTC