DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/cf209f/taiwan_real_estate) has announced the addition of the "Taiwan Real Estate Report Q3 2011" report to their offering.
Taiwan is interdependent on China and the state of the market on the mainland has a major bearing on activity in Taiwan's real estate sector. The Chinese economy is slowing through 2011 and the same thing is occurring in Taiwan. The residential property market has been rampant, while commercial space saw sharp falls in rents in 2009 and - although local sources reported that they stabilised in the first half of 2010 - both retail and office space saw large drops again in H210. Some were particularly severe - minimum-end rental costs for office space were down by 50%.
Some of the key opportunities in the real estate market include:
- Looking forward, rental rates will at worst move sideways (and more likely increase somewhat) throughout both 2011 and 2012. The highest increase is likely to be for retail space in Taipei, which will rise from US$70 per square metre (m2) per month in 2009 and at the end of 2010 to US$79.2 in 2011.
- The rampant residential housing market and sharply rising land values must have pushed up the capital value of commercial space.
- CB Richard Ellis (CBRE) is planning to invest US$100mn in Taiwan's commercial real estate, according to the Taipei Times. The company's objectives include training local government officials on retirement fund management and setting up a speciality store' in Los Angeles, US, to promote Taiwanese culture.
- The opening up of borders with China, to allow Chinese individuals to visit Taiwan from June 28 2011 means there has been a sharp increase in land purchases, according to the China Post.
Companies Mentioned:
- BES Engineering Corporation
- Cathay Real Estate Development Company
- Farglory Land Development
- Huaku Development
- Huang Hsiang Construction Corporation
For more information visit http://www.researchandmarkets.com/research/cf209f/taiwan_real_estate