Property transactions in the six special municipalities last month totaled 21,368 units, spiking 33.7 percent from one month earlier, driven by people with real demand and new housing completions, brokers said yesterday.
The rebound approached 30 percent in Taipei to 2,553 deals, and climbed even faster in New Taipei City, Taoyuan, Taichung and Kaohsiung, data from respective local governments showed.
Taiwan Realty Co (台灣房屋) research head Charlene Chang (張旭嵐) attributed the pickup to five more working days last month compared with April, as well as new housing deliveries.
Photo: CNA
“People with real demand took action after expectations that housing prices would decline failed to realize,” Chang said.
The absence of new unfavorable policy measures spurred buyers to quit waiting and join the market, the analyst said.
New Taipei City posted the biggest month-on-month gain of 43.9 percent to 5,562 deals, followed by a 40.3 percent increase to 3,724 units in Taoyuan.
Transactions in Taichung registered a 32.4 percent jump to 4,052 units and advanced 34 percent to 3,525 deals in Kaohsiung. Tainan was relatively calm with 8.7 percent growth to 1,952 deals.
The unease linked to the bans on transfers of presale house purchase contracts subsided last month, Evertrust Rehouse Co (永慶房屋) said.
Furthermore, new housing delivery accounted for transaction advances in New Taipei City’s Sinjhuang (新莊), Sanchong (三重) and Sijhih (汐止) districts, as well as Taoyuan’s Longtan (龍潭) and Jhongli (中壢) districts, Evertrust Rehouse deputy research manager Chen Chin-ping (陳金萍) said.
However, it would be too early to paint the rebound as a sustained recovery as the transaction volume shrank 6.4 percent compared with a year earlier, Chen said.
Cumulative deals in the first five months of the year tumbled 21.4 percent year-on-year to 86,640 units for the six special municipalities, Chen added.
Great Home Realty Co (大家房屋) head researcher Mandy Lang (郎美囡) was also cautious, saying buyers and sellers remained at loggerheads over housing prices, which could slow transactions.
Additionally, the rebound would come to a halt if the central bank raises interest rates again later this month, H&B Realty Co (住商不動產) said.
The central bank is to review its monetary policy on June 15.
ELECTRONICS BOOST: A predicted surge in exports would likely be driven by ICT products, exports of which have soared 84.7 percent from a year earlier, DBS said DBS Bank Ltd (星展銀行) yesterday raised its GDP growth forecast for Taiwan this year to 4 percent from 3 percent, citing robust demand for artificial intelligence (AI)-related exports and accelerated shipment activity, which are expected to offset potential headwinds from US tariffs. “Our GDP growth forecast for 2025 is revised up to 4 percent from 3 percent to reflect front-loaded exports and strong AI demand,” Singapore-based DBS senior economist Ma Tieying (馬鐵英) said in an online briefing. Taiwan’s second-quarter performance beat expectations, with GDP growth likely surpassing 5 percent, driven by a 34.1 percent year-on-year increase in exports, Ma said, citing government
UNIFYING OPPOSITION: Numerous companies have registered complaints over the potential levies, bringing together rival automakers in voicing their reservations US President Donald Trump is readying plans for industry-specific tariffs to kick in alongside his country-by-country duties in two weeks, ramping up his push to reshape the US’ standing in the global trading system by penalizing purchases from abroad. Administration officials could release details of Trump’s planned 50 percent duty on copper in the days before they are set to take effect on Friday next week, a person familiar with the matter said. That is the same date Trump’s “reciprocal” levies on products from more than 100 nations are slated to begin. Trump on Tuesday said that he is likely to impose tariffs
HELPING HAND: Approving the sale of H20s could give China the edge it needs to capture market share and become the global standard, a US representative said The US President Donald Trump administration’s decision allowing Nvidia Corp to resume shipments of its H20 artificial intelligence (AI) chips to China risks bolstering Beijing’s military capabilities and expanding its capacity to compete with the US, the head of the US House Select Committee on Strategic Competition Between the United States and the Chinese Communist Party said. “The H20, which is a cost-effective and powerful AI inference chip, far surpasses China’s indigenous capability and would therefore provide a substantial increase to China’s AI development,” committee chairman John Moolenaar, a Michigan Republican, said on Friday in a letter to US Secretary of
‘REMARKABLE SHOWING’: The economy likely grew 5 percent in the first half of the year, although it would likely taper off significantly, TIER economist Gordon Sun said The Taiwan Institute of Economic Research (TIER) yesterday raised Taiwan’s GDP growth forecast for this year to 3.02 percent, citing robust export-driven expansion in the first half that is likely to give way to a notable slowdown later in the year as the front-loading of global shipments fades. The revised projection marks an upward adjustment of 0.11 percentage points from April’s estimate, driven by a surge in exports and corporate inventory buildup ahead of possible US tariff hikes, TIER economist Gordon Sun (孫明德) told a news conference in Taipei. Taiwan’s economy likely grew more than 5 percent in the first six months
RSS