The climate monitor for the presale and new housing market in northern Taiwan last month flashed “green” for the 14th consecutive month, as developers launched more projects and buying interest inched up, even though sales rates declined, My Housing Monthly said yesterday.
The confidence reading was 46.1, a slight improvement from 45.7 in August, reflecting a mild increase in presale projects intended to take advantage of the fall sales season from last week to the end of this month, the Chinese-language magazine said.
“Despite the uptick, the monitor’s latest value reflected a lukewarm market, given that last month is traditionally a high-sales month for the property industry,” My Housing Monthly research manager Ho Shih-chang (何世昌) said.
Photo: Hsu Yi-ping, Taipei Times
Presale housing projects totaled more than NT$80 billion (US$2.54 million) from about 300 newly completed housing units, it said.
Indexed presale projects — which are forecast to generate more than NT$1.5 billion in sales — were mostly in Taipei’s Datong (大同) and Beitou (北投) districts, New Taipei City’s Banciao (板橋), Tucheng (土城) and Sanchong (三重) districts, Taoyuan’s Jhongli (中壢), Gueishan (龜山) and Lujhu (蘆竹) districts, as well as Hsinchu County’s Jhubei City (竹北), it said.
Sales rates last month were about 2.1 deals per week, down from 2.6 deals per week in August, even though reception sites saw more prospective buyers at about 23.8 people per week, more than 22 people per week one month earlier, it said.
Buyers were looking for greater price concessions, but sellers generally had no intention of giving in, Ho said, adding that price concessions averaged 10.47 percent, flat from one month earlier.
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