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Home transactions drop nearly 20 pct in New Taipei City

Posted on 09 January 2012

Home transactions in Taipei City and New Taipei City fell almost 20 percent in the first 11 months of 2011 after the government introduced the luxury tax in an attempt to cool down the local property market.
According to data compiled by U Trust House, one of Taiwan’s real estate agencies, home transactions in New Taipei City in the 11-month period fell 19.7 percent from a year earlier to 78,230 units, marking the steepest decline among the five special municipalities on the island………………………………………Full Article: Source


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