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January, 24, 2017

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Kaohsiung City housing sales slow in third quarter

Property sales in the southern municipality of Kaohsiung were slow in the third quarter, reported Cathay Real Estate yesterday.

According to the firm, new constructions and prices remained stable in the last quarter. Yet sales have been slow, with 60 percent of new properties seeing less than two units sold, the firm said.

Cathay blamed the situation on a wait-and-see attitude taken by homebuyers, amidst the launch of the real-value home price registration system.

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