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Taiwan: Q4 commercial property sales could hit $1.49 bln

Posted on 16 November 2011

Taiwan’s commercial property transactions are likely to hit NT$45 billion (US$1.49 billion) this quarter, boosting the overall trading amount to a new high this year, thanks to strong demand from domestic life insurance companies, real-estate analysts said yesterday.

Investment needs are expected to bolster commercial property prices next year and beyond, as life insurers tend to hold on to their real-estate stakes for quite a while, diminishing the already-limited supply, said Gordon Kao, general manager of Savills Taiwan Ltd, an international real-estate service provider……………………………………..Full Article: Source


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