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Taipei housing transactions shrink 20pct to 30pct

Posted on 16 May 2011

Housing transactions shrank 20 percent to 30 percent in different parts of the nation last month from a month earlier, as cautious sentiment deepened ahead of the implementation of the luxury tax on June 1, analysts said.
Taipei bore the brunt of the forthcoming levy, with home sales plunged 28.5 percent to 3,957 units last month, from 5,537 in March, city government statistics released showed last week……………………………………….Full Article: Source

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