Housing transactions in the nation’s six special municipalities last month totaled 24,018 units, about the same as a year earlier, but down 13 percent from a month earlier, as COVID-19 measures and the Lunar New Year holiday dampened buying interest.
Potential buyers became more conservative as global monetary authorities signaled plans to raise interest rates later this year, which would add to property owners’ financial burden, Evertrust Rehouse Co (永慶房屋) deputy head Chen Chin-ping (陳金萍) said.
The US Federal Reserve has made known its intent to raise interest rates starting next month, and Taiwan’s central bank would soon follow suit, Chen