Residential and commercial property transactions in the six special municipalities last month rebounded 36.6 percent from April and were up 16 percent from a year earlier.
Housing transactions in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung last month totaled 20,409 units, the highest in 29 months, data released by the six special municipalities showed.
In Taipei, residential and commercial property sales totaled 2,631 units, up 46.9 percent from a month earlier, the highest growth among the six municipalities.
The spike in Taipei resulted from strong sales in Songshan (松山), Zhongzheng (中正), Xinyi (信義) and Daan (大安) districts, where sales were up about 50 percent from a month earlier, market watchers said.
In New Taipei City, transactions rose 38.6 percent to 5,419 units, exceeding 5,000 units for the first time thanks to the completion of homes previously listed as pre-sale projects, the market watchers said.
Among districts in New Taipei City, Banciao (板橋), Tamsui (淡水) and Sindian (新店) reported the most transactions last month with 807, 745 and 470 units respectively, the data showed.
Housing transactions in Taoyuan and Taichung also showed a month-on-month increase of 40.3 percent and 32.3 percent to 3,371 units and 3,664 units respectively, while sales in Tainan and Kaohsiung rose 39.6 percent and 25.3 percent from a month earlier to 2,190 and 3,134 units respectively, the data showed.
Despite the strong showing in the property market, transactions of second-hand homes remained in consolidation mode last month, as home buyers seemed to be waiting for more affordable prices before entering the market.
In the first five months of this year, housing transactions totaled 84,631 units, up 8.1 percent from a year earlier, the data showed.
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