Housing transactions edged up 1.8 percent to 22,841 units in the nation’s six special municipalities last month, but might tumble by double-digit percentage points this month, as a surge in COVID-19 cases has not yet started to affect the market, analysts said on Wednesday.
The market needed more time to digest a sharp decline in buying interest, as Taiwan is reporting more than 80,000 virus cases per day and the daily case count is expected to stay high for a while, said Tseng Ching-der (曾敬德), research manager at Sinyi Realty Inc (信義房屋), Taiwan’s only listed broker.
Last month’s data mainly reflected transactions
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