While the repeated threats by Chinese President Xi Jinping to reunify his country with Taiwan continues to create political tensions across the Asia Pacific region, the tough talk out of Beijing is having no impact on Taiwan’s commercial property sector.
According to a report in the Taipei Times, commercial property transactions in Taiwan increased 2.8% to $4.46 billion this year, fueled primarily by the demand for offices and factories.
However, land deals dropped by 20.4% to $4.1 billion, a six-year low.
“It was unusual to see no land deals in excess of NT$5 billion [US$162 million] this year,” said Colliers Taiwan Managing Director Andrew Liu, blaming credit controls and other unfavorable financial measures.
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