A recovery was previously evident in commercial and land deals, but the data now supports that the upward trend has spread to residential properties, especially presale projects. “The local property market has seen signs of recovery judging by the price hikes and stable volume,” the report said. Presale projects and new housing nationwide averaged NT$303,000 per ping (3.3m2) between July and September, rising 1.98 percent from the second quarter, it said. Average housing prices in Taoyuan stood at NT$26,600 per ping, virtually flat from a quarter earlier, while the 30-day sales rate rose to 11.12 percent and the transaction index advanced to 463.74, it said. In Tainan, presale and new housing prices increased 2.7 percent to NT$24,900 per ping, while prices edged up 0.82 percent in Kaohsiung to NT$239,000 per ping, it said.

Source: Taipei Times October 28, 2020 15:56 UTC