Reported 7 months ago
The housing market is vibrant as new property sales are hot in June 2024, with the Low-Cost Housing Expo's indicator, the Housing Show Direction Ball, showing a yellow-red light representing enthusiasm. The overall score is 53.4, higher than the previous yellow-red light in March. It's noted that the Central Bank's property cooling measures loom, with multimillion projects in Taipei, New Taipei City, and Taoyuan yet to be launched, posing risks due to their large scale. The property market is closely watched as it shifts from enthusiasm to caution, indicated by the changing colors of the Direction Ball. New launches and active demand maintain a strong sentiment, as developers respond with aggressive offerings to capitalize on the current market conditions.
Source: YAHOO