However, the latest data for commercial property deals, a gauge of investment interests, represented a 53.6 percent decline from the same period last year, as the COVID-19 pandemic sidelined buyers. Factory and office buildings constituted the bulk of transactions in Taipei, New Taipei City and Taichung during the April-to-June period, the company’s valuation and advisory services director Wendy Hsueh (薛惠珍) told a news briefing. The Taipei 101 and the Breeze Nan Shan building in Taipei’s Xinyi District are pictured on April 21. Wan Hai plans to turn the Chong Hong building into its new headquarters and use the other office space to accommodate future expansions. Land deals appeared unaffected by the virus downturn with transactions totaling NT$80.1 billion last quarter, Yen said.

Source: Taipei Times July 02, 2020 15:56 UTC