Industrial property market boomsBy Crystal Hsu / Staff reporterTaiwan’s industrial property transactions grew 34.6 percent to a record high of NT$59.3 billion (US$2.11 billion) in the first half of this year, driven by strong demand for industrial plots of land, as well as factories and logistics facilities, CBRE Taiwan said yesterday. A relatively undeveloped industrial zone around Tanmei Street in Taipei’s Neihu District is pictured from above yesterday. The trend also drew the attention of local constructions firms, who have poured money into the development of science parks, a further sign that this segment of the property market would continue to thrive, Lee said. Land prices have soared in northern Taiwan in recent years, but they remain relatively affordable at lower than NT$100,000 per ping elsewhere, Lee said. CBRE Taiwan real estate appraisal head Winston Shih (施甫學) said that office building upgrades and urban renewal projects would dominate land deals in northern Taiwan in light of a lack of supply.

Source: Taipei Times July 21, 2021 15:56 UTC