Taipei Home Prices May Fall for Second Month in April on Tax
This article is for subscribers only.
Taipei’s existing home prices may fall for a second month in April, the first two-month decline since the global financial crisis, as a new housing tax deterred buyers, the island’s biggest real estate brokerage said.
Average existing home prices in Taiwan’s capital may fall in April after dropping 3.2 percent in March from February to NT$540,000 ($18,642) per ping, equivalent to 36 square feet, Lee Jian-ming, a researcher at Sinyi Realty Co., said in a phone interview yesterday. Prices dropped for nine straight months to February 2009 after Lehman Brothers Holdings Inc.’s bankruptcy.