Property bear market forecast to stay | taipei real estate market 2019
STANDINGFIRM:Prospectivebuyersreportthathousingdevelopershavebecomeincreasinglyunwillingtomakeconcessionsonprices,‘HousingMonthly’magazinesaidByCrystalHsu/StaffreporterThepresaleandnewhomemarketinnorthernTaiwanlastmonthflashed“blue,”thefifthconsecutivetimethatthesignalhintedatarecession,asbuildersanddevelopersoptedtositoutthetraditionallyslowseason,areportbytheChinese-languageHousingMonthly(住展雜誌)saidyesterday. Themarketgaugestoodat27.1,down4.6pointsfromonemonthearlier,withallsub-indi...
STANDING FIRM: Prospective buyers report that housing developers have become increasingly unwilling to make concessions on prices, ‘Housing Monthly’ magazine saidBy Crystal Hsu / Staff reporter
The presale and new home market in northern Taiwan last month flashed “blue,” the fifth consecutive time that the signal hinted at a recession, as builders and developers opted to sit out the traditionally slow season, a report by the Chinese-language Housing Monthly (住展雜誌) said yesterday.
The market gauge stood at 27.1, down 4.6 points from one month earlier, with all sub-indices weakening except the room for price concessions, it found.
Presale projects totaled less than NT$20 billion (US$648.66 million), while the number of newly...
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