Taiwan
Taiwan commercial property transaction volumes reach USD1.25b in Q1
Taiwan commercial property transaction volumes reach USD1.25b in Q1
This is the second highest Q1 volume on record.
Taipei troubled by tight office space supply over the next 12 months
The new leasable supply was nearly fully pre-committed in 4Q21.
Taipei office rents to grow by 2-3% in 2022
There are no major projects in the pipeline until 2023.
Taiwan’s hotel investments plummet 72% to a measly US$265m in Q3
But this is only due to the major sale of Sunworld Dynasty in Q3 2020.
Taiwan commercial property transactions grow 22% to US$1.23b in Q3
The industrial sector accounted for 70% of the total transactions.
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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