More than 20 percent of homes listed for sale on the Web sites of national real-estate agencies have been marked down this month, as sellers are anxious to offload them as soon as possible in a slowing market, the Evertrust Rehouse Co (永慶房屋) said on Thursday.
Evertrust spokesman Lin Tai-lung (林泰隆) said home prices were reduced due to a significant drop in the number of property transactions in the six special municipalities in the first five months of the year.
From January to last month, the number of property transfers fell 21 percent year-on-year to 65,000 total units in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung, Lin said, citing data compiled by Evertrust.
The slowdown was most evident in Taipei and New Taipei City, with about 27 percent of Taipei homes and about 25 percent of housing properties in New Taipei City having their prices reduced on real-estate agencies’ Web sites, Lin said.
The price cuts indicate anxiety among sellers, as housing units have been moving slowly since the beginning of the year, he said.
In Taipei, prices have been reduced on about 30 percent of online listed apartments without elevators and on 28 percent of housing properties more than 30 years old, he said.
In Kaohsiung, the markdown on such properties has been 20 percent and 23 percent respectively, he added.
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