| Luxury home sales in metropolitan Taipei have dropped significantly since the implementation of a luxury tax in June, the United Evening News (UEN) reported Saturday. Nevertheless, the prices of luxury homes in Taipei have remained intact'
The "three noes" attitude of premium home owners is one of the main reasons behind the prevailing phenomenon of "slumping sales and unchanged prices." The "three noes" refer to luxury home owners being unwilling, in no hurry, or not daring to sell their real estate holdings at the moment. The wait-and-see approach of potential buyers is also one of the factors that have brought luxury home sales in the city almost to a standstill.............................................Full Article: Source
|