Hsinchu in Taiwan
The local real estate agency U-trust said since high-tech businesses began booming in the first quarter, home purchases and sales in Hsinchu have reached 7,600 in Q3, up from 7,500 in Q2, which was a 24 percent rise from the previous quarter. Liu Pin-yao, a spokesman of the real estate agency, said he expected the housing trade volume in the technology-based area for the year to not only exceed last year’s volume, but also reach an all-time high.
Liu said the housing prices in Jhubei City, a transportation center of Hsinchu County, reached NT$135,000 (US$4,192) per ping (3.305 square meters) in Q2, nearly the same as last year’s high of NT$136,000.
The rising year-end bonuses offered by the high-tech companies will help increase homebuying in Hsinchu by the end of the year, he said.
Meanwhile, the real estate market in Hsinchu’s neighbor Taoyuan City, also enjoyed growth. The city’s newly-developed area around Taoyuan County Arts Park, which will be completed by the end of this year, and the Nankan area, both saw a growth rate of 40 percent for the prices of commercial property in the past two years, he added.
Property prices are also expected to rise in major cities in Taiwan, including Taipei, Taichung and Kaohsiung. Many of the buyers are believed to be speculators who are eying Taiwan markets as good places to invest in property. – read more at The China Post…
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