Developers and builders launched NT$339.2 billion (US$12.19 billion) of presale and newly completed houses on the market in the July-to-September quarter, the survey found. The recovery in confidence was particularly evident in Kaohsiung, where presale projects and new houses grew 90.6 percent, followed by 83.5 percent in Taichung, 69.5 percent in New Taipei City and 57.2 percent in Taipei, it said. Potential closing home prices averaged NT$319,600 per ping (3.3m2) across the nation, climbing 4.05 percent from three months earlier, the survey showed. The figures in Taipei rose 3.16 percent to NT$938,000 per ping, and edged up 1.1 percent in New Taipei City to NT$409,400 per ping. The market could receive continued support from ample liquidity and low borrowing costs, but the central bank could weigh in to prevent overheating, it said.

Source: Taipei Times October 29, 2021 03:55 UTC