Property presales could exceed NT$200 billion in fallBy Crystal Hsu / Staff reporterPresale projects and new houses for sale in the coming fall sales season could exceed NT$200 billion (US$6.28 billion) in northern Taiwan, representing a 16.6 percent increase from the same time last year, as developers seek to cash in on preferential lending terms for first-home buyers, My Housing Monthly (住展雜誌) said yesterday. The volume might hit NT$212.2 billion during this fall season, which would be the second highest in eight years, despite recent bans on transfers of presale house purchase agreements and an ongoing economic slowdown, it said. New Taipei City ranks second with NT$65.6 billion worth of new housing, it said, pointing out that Sanchong District (三重) alone underpins 60 percent, or about NT$40 billion. Keelung and Yilan would have NT$1.51 billion and NT$495 million of new housing aimed at local residents, it said. The fall season starts on Sept. 28 and lasts through October.

Source: Taipei Times August 31, 2023 17:10 UTC