| Taiwan's property market, hit hard in the last few months by the global downturn and a drastic domestic stock plunge, is likely to enter a recession from next year, property dealers and analysts said. "Beginning next year, the property market here is likely to see obvious slowdown, which could last two to four years," said Chang Chin-oh, land economics professor at Taipei's National Chengchi University.
Stanley Su, senior researcher of Sinyi Real Estate Inc, a leading Taiwan property brokerage group stressed that even with the slowdown, its scale would be smaller in Taiwan than that in other countries..... Full Press Release: Source
|