{"id":43327,"date":"2017-02-08T12:16:13","date_gmt":"2017-02-08T05:16:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/taiwan-defies-property-curbs-with-an-impressive-rise-in-sales\/"},"modified":"2017-02-08T12:56:50","modified_gmt":"2017-02-08T05:56:50","slug":"taiwan-defies-property-curbs-with-an-impressive-rise-in-sales","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/taiwan-defies-property-curbs-with-an-impressive-rise-in-sales\/","title":{"rendered":"Taiwan defies property curbs with an impressive rise in sales"},"content":{"rendered":"


\nIt\u2019s not just Mainland China that\u2019s feeling the heat
\nFireworks from Taipei 101 on New Year\u2019s Day 2017. Charlesimage\/Shutterstock
\nSix cities in Taiwan saw a 37.5 percent year-on-year hike in the volume of housing transactions in January, Taipei Times reported.
\nA total of 15,656 units were transacted in these cities, according to data released by the respective city governments. Analysts noted that the number could have easily risen if there had been more working days last month.
\nA consolidating economy, plus more political certainty, factored into the rise in transactions. \u201cSome buyers, especially those with real demand, decided to end their sitting on the sidelines after the government took action to lower holding costs and encourage urban renewal,\u201d Sinyi Realty Inc researcher Tseng Ching-der told the Times.
\nMore: More than 860,000 Taiwan homes are now empty
\nMost of the transactions transpired in New Taipei City, where 4,984 units were sold or a 70.1 percent rise from last January, while Taipei accounted for only 1,763 units, up 24.5 percent. The next highest spike was recorded in Tainan, where housing purchases soared 39.1 percent to 1,445 units. In Taoyuan, the gain was 32.3 percent, representing sales of 2,516 units.
\nAround 2,897 homes were sold in Taichung, a rise of 27 percent from a year ago, while Kaohsiung saw a 20.4 percent rise in purchases to 2,518 units.
\nJanuary\u2019s sales figures mark a departure from last year when housing transactions nationwide dropped 16.1 percent to 245,000 units, a record low, data from the Ministry of the Interior showed. Only 152 units in the luxury segment were sold in Taipei in 2016, compared with 314 units in 2015, according to H&B Business Group.
\nThe increases also defy a series of property curbs, rolled out on Jan. 1, that includes up to 45 percent in capital gains taxes on properties nationwide.
\nMore: Architect Jim Olson leads the pack in Taipei\u2019s The Master Collection
\n
\nSource : property-report.com
\nRead more…Taiwan defies property curbs with an impressive rise in sales<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s not just Mainland China that\u2019s feeling the heat Fireworks from Taipei 101 on New...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-43327","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-bgP","jetpack-related-posts":[{"id":19070,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/taiwan-commercial-real-estate-on-a-slowdown\/","url_meta":{"origin":43327,"position":0},"title":"Taiwan commercial real estate on a slowdown","date":"July 8, 2016","format":false,"excerpt":"\r Despite general market lethargy, one development is bringing home the bacon The Taipei skyline at night. Ludovic Lubeigt (Flickr) Commercial property in Taiwan turned over NTD25.18 billion (USD776.99 million) from April to June 2016, a three-fold increase from the same period in 2015, the Taipei Times reported. However, one\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43621,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/6-places-that-prove-taipei-is-one-of-asias-most-inspiring-cities\/","url_meta":{"origin":43327,"position":1},"title":"6 places that prove Taipei is one of Asia\u2019s most inspiring cities","date":"February 10, 2017","format":false,"excerpt":"\r Although its property market is one of the world\u2019s most expensive, that hasn\u2019t stopped big name architects from flexing their design muscles in vibrant Taipei Pink sky alert. 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