Hous­ing trans­ac­tions up in Hs­inchu, Taichung; level else­where

The China Post - - LOCAL -

Hous­ing trans­ac­tions in Tai­wan in July main­tained roughly the same level as a month ear­lier, with the vol­ume of trans­ac­tions fall­ing in Taipei, New Taipei and Taoyuan and ris­ing in Hs­inchu and Taichung, ac­cord­ing to a lo­cal real es­tate agent.

The July trans­ac­tion vol­ume was down by around 10 per­cent in the three spe­cial mu­nic­i­pal­i­ties in the north, and up by 10.9 per­cent in cen­tral Tai­wan’s Taichung and 19 per­cent in Hs­inchu in the north, ac­cord­ing to data from Sinyi Realty Inc. ( ), one of Tai­wan’s lead­ing prop­erty sales agen­cies.

The pass­ing of the con­sol­i­dated land and hous­ing tax bill in June has caused some dis­rup­tion on the prop­erty mar­ket, but the lat- est fig­ures show that the level of dis­rup­tion is grad­u­ally sub­sid­ing, said Tseng Ching-der ( ), a man­ager with Sinyi Realty’s re­search depart­ment.

One of the rea­sons that hous­ing trans­ac­tions have in­creased in Taichung last month is be­cause Tai­wan Semi­con­duc­tor Man­u­fac­tur­ing Co. ( ) and bi­cy­cle ven­dor Gi­ant Man­u­fac­tur­ing Co. ( ) are set to ex­pand their pro­duc­tion bases in the Cen­tral Tai­wan Science Park in the city, said Lin Ying-chen ( ), man­ag­ing di­rec­tor of a Tai­wan Realty fran­chise chain.

Their moves are ex­pected to cre­ate over 5,000 new jobs and have pushed up de­mand for hous­ing, Lin said.

Mean­while, av­er­age home pric- es in the Hs­inchu area reached NT$197,000 (US$6,217) per ping in July, up 10 per­cent from the same pe­riod last year.

Chi­ang Yi-hui ( ), a man­ager with Tai­wan Realty’s think tank, said one of the rea­sons hous­ing prices are in­creas­ing in Hs­inchu is be­cause more young ur­ban whitecol­lar work­ers there are buy­ing apart­ments of their own.

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