But most market watchers expect buyers to turn active after the election.
Following the property recovery, Hung said that there is room for sales of pre-sale housing projects to grow, but Yen disagreed, saying "buyers are reluctant to put down big investments for houses that will be completed in two years since cross-strait tensions and the political climate may continue to disturb property prices within the next two years."
Yen and Chen share a similar view toward the impact of direct links on the property market.
They both said that the government's direct-link policy may marginalize the local property market since home buyers also expressed interest in shopping for homes on the other side of the Taiwan Strait.
The direct-links policy, nevertheless, will have its upside in the long term if Chinese are allowed to put down their money on the local property market, market watchers estimated.
Offering their house-buying tips, Victor Chang (張欣民), an associate manager with Sinyi Real Estate, said that the most popular houses for sale in the greater Taipei area include properties located in the Da-An district of Taipei City as well as Chung-ho City in Taipei County.
He said that proximity to schools, shopping centers and the mass transit system are as important as location and prices to buyers when it comes to closing deals.
RSS