Housing transactions last month gained 36 percentBy Crystal Hsu / Staff reporterHousing transactions last month totaled 24,356 units in the nation’s six special municipalities, a 36 percent increase from a year earlier, catapulted by real-estate needs and investment demands coupled with low interest rates, brokers said. The data affirmed a concrete recovery in the property market that was earlier pushed back by the COVID-19 pandemic, said Sinyi Realty Inc (信義房屋), Taiwan’s only listed broker. The number of property deals in Taipei surged 44 percent from a year earlier to 3,133, supported in part by low borrowing costs, Evertrust Rehouse Co (永慶房屋) said. Properties in Taipei, while relatively expensive compared with housing elsewhere in Taiwan, are resilient in value compared with other investment tools amid intense market volatility, Hsieh said. Transactions in Taoyuan rose 37 percent from a year earlier to 4,389 units, while deals in Kaohsiung grew 32 percent to 3,505 units, local government data showed.

Source: Taipei Times October 09, 2020 15:56 UTC