Presale housing market sentiment remains sluggishBy Crystal Hsu / Staff reporterA gauge for buying sentiment in the presale housing market in northern Taiwan last month flashed a “yellow-blue” light, signifying a sluggish market, for the 15th consecutive month, as a surge in locally transmitted COVID-19 inflections chilled transactions, the Chinese-language My Housing Monthly said in a report yesterday. High-rise buildings are Taipei’s Xinyi District are pictured on May 26. Photo: Hsu Yi-ping, Taipei TimesThe situation is unlikely to improve this month, and construction of housing projects has slowed due to worsening labor and material shortages, the report said. Presale projects last month totaled more than NT$60 billion (US$2.17 billion), most of which were launched before May 15, it said. Buying interest evaporated from the third week of last month, with more than 50 percent of presale housing reception sites reporting no visitors at all, Ho said.

Source: Taipei Times June 03, 2021 15:56 UTC