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Residential property activity in top cities up 12.5 percent

TAIPEI, Taiwan -- Residential property transactions in Taiwan's six major metropolises increased 12.5 percent in June, according to a survey released by Taiwan Housing Group yesterday.

Transactions in the following areas: Taipei City, Taipei County, Taoyuan County, the Greater Hsinchu area, Taichung and Kaohsiung increased by 15.1 percent, 13.4 percent, 11 percent, 9.7 percent, 11.4 percent and 14.4 percent, respectively, in June over May, the survey showed.

"Northern Taiwan is showing stable growth, while central and southern Taiwan's transaction growth is more significant, as Taichung and Kaohsiung will both be upgraded into special municipalities," Taiwan Housing said.

In a separate story, the there were 29,998 residential property transactions in May, a year-over-year decline of 28.6 percent and a month-over-month decline of 2.5 percent, according to Ministry of the Interior data released yesterday.

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