Taiwan
Investors back out of 5-star hotel developments in Taiwan’s urban areas
One 5-star hotel project was turned into a Grade A office building instead.
Investors back out of 5-star hotel developments in Taiwan’s urban areas
One 5-star hotel project was turned into a Grade A office building instead.
Taiwanese developers aggressively seeking development sites amidst lockdowns
They acquired a total of NT$50.4b (approx. US$1.8b) worth of land in Q2.
Taipei Grade A office vacancy at a record low of 2.1% in Q1
Market supply is expected to further tighten until 2023.
Insurance firms dominate Taiwan’s commercial property market in Q1
They accounted for 32% of transactions during the quarter.
Taiwan commercial transaction volumes hit record highs in Q1
Total volumes surged 241% to USD1.5b during the quarter.
Scarcity of larger offices in Taipei impedes leasing activity
The limited office space availability allowed landlords to raise rents in 4Q20.
Sales of factories hit record highs in Taiwan in 2020
Sales reached nearly US$2bn, accounting for 39% of total annual transactions.
Taipei office vacancy rate drops to 2.3% as leasing demand picks up
Vacancies almost hit the historic low of 2.1% in Q4 2019.
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EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges
![EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges]()
Co-Written / Partner
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
