《TAIPEI TIMES》 Commercial property transactions soar 51.5 percent

By Crystal Hsu / Staff reporter

Commercial property transactions last quarter spiked 51.5 percent year-on-year to NT$21.2 billion （US$662.94 million）, driven by strong demand for office buildings from different sectors, property broker Cushman & Wakefield Taiwan said yesterday.

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Power supply and electronic components maker Delta Electronics Co （台達電） bought two office buildings in Taipei’s Neihu District （內湖） from Nan Shan Life Insurance Co （南山人壽） for NT$4.79 billion to meet self-occupancy needs, making it the largest deal in the quarter, the broker said.

Goldsun Building Materials Co （國產建材） sold a commercial complex in Tainan for NT$1.64 billion, the second-largest transaction, followed by the acquisition by Taishin Life Insurance Co （台新人壽） of an office building in Tainan for NT$1.45 billion, it said.

Strong office demand and ample liquidity accounted for the impressive showing in the commercial property market, Cushman & Wakefield Taiwan said, adding that self-occupancy demand would continue to drive the market this quarter and beyond.

Land deals totaled NT$63.7 billion during the first quarter, above NT$60 billion for the first time since 2022, suggesting the market is emerging from selective credit controls and other unfavorable policy measures, the broker said.

It was a stark contrast to the average of NT$30 billion a quarter last year, it said.

As for residential property, Cushman & Wakefield Taiwan managing director Billy Yen （顏炳立） said the government’s interest subsidy for first-home purchases and Taiwan Semiconductor Manufacturing Co’s （TSMC, 台積電） capacity expansion have lent support to the segment.

Presale projects have proved popular in locations near TSMC’s new plants nationwide, as the plants create well-paid jobs for people with real housing demand, Yen said.

新聞來源：TAIPEI TIMES