Tainan also attracted heavy property funds after Taiwan Semiconductor Manufacturing Co (TSMC,台積電), the world’s largest contract chipmaker, announced plans to set up new plants in the area, JLL Taiwan said. TSMC’s suppliers would soon follow suit and the cluster effect would spur demand for residential spaces, Chao said. In related news, vacancy rates for grade A offices in Taipei edged up 0.1 percent to 2.16 percent last quarter, while rents grew a fractional 0.6 percent, JLL Taiwan said. The mild increase in vacancy rates came because some firms relocated to make way for other corporate tenants to earn rental income, JLL Taiwan said. The office market remains tight, and companies with space to spare are leasing it to make money, the consultancy said.

Source: Taipei Times January 13, 2021 15:56 UTC