Taiwan’s property market is expected to remain steady but subdued early this year, with transaction volumes staying flat and commercial real estate demand supported mainly by the technology sector, Cushman & Wakefield Taiwan said on Tuesday.
The outlook for local property market remains cautious as capital conditions and the policy environment show little improvement, Cushman & Wakefield Taiwan managing director Billy Yen (顏炳立) said at a news conference in Taipei.
Shrinking land supply, a cooling presale market, and tight mortgage restrictions also continue to weigh on demand, Yen said.
Photo: Hsu Yi-ping, Taipei Times
If policies and financing conditions are eased for owner-occupiers, buyers with genuine housing needs could find entry opportunities, potentially leading to slightly stronger market activity this year than last year, he added.
The property transaction volumes totaled about 260,000 units last year and are expected to remain at a similar level this year, with prices likely to see only mild adjustments, Cushman & Wakefield Taiwan said.
Meanwhile, Taiwan’s commercial property market maintained solid momentum last year, with total transaction value reaching NT$158.62 billion (US$4.997 billion) for the year, up 7.2 percent from 2024, the property service firm’s statistics showed.
Growth was driven by strong demand for technology-sector space upgrades and momentum from the artificial intelligence (AI) industry, despite global economic and credit pressures, it said.
Cushman & Wakefield Taiwan said that AI and semiconductor firms are expected to continue supporting commercial property demand in the first half of this year.
However, the firm noted that overall market performance will hinge on future Taiwan-US trade policies and global interest rate trends, adding that rising trade tensions or tighter financing conditions could slow market activity.
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