Reported 7 months ago
Benefiting from the delayed effect of 329 new project launches and increased confidence from developers, there was an explosive amount of new housing projects in northern Taiwan in May, reaching 150 billion NT dollars, setting a record for the busiest month in nearly a year. Additionally, buyer confidence remained strong, with some new projects selling close to their initial prices. The Feng Xiang Index released on June 13th once again showed the hottest yellow-red signal in 16 years, with an overall score of 53.4, surpassing the March score. The supply side saw a surge in May, with many new projects launched in April during the spring break rushing into the market, pushing the total value of pre-sale projects to 150 billion NT dollars, the strongest in nearly a year.
Source: YAHOO