Housing transactions up in Hsinchu, Taichung; level elsewhere
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.