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Pre-built apartment visits drop by up to 50 percent

TAIPEI, Taiwan -- Visits to pre-built apartment buildings in Taipei City dropped by 20 to 50 percent over the weekend after government measures to crack down on land speculation, a broker said, yesterday.

According to Chou Yin-yu, broker with Sinyi Realty, there was a more noticeable decline in the number of homebuyers seeking to change houses, as the measures — such as reducing the amount of loans people can get — would produce a stronger impact on them.

The luxury apartment market wasn't affected much, as buyers have abundant capital anyway and are not worried about reduced loans, Chou said.

Separately, visits to pre-built apartments in Linkou Township did not dwindle over the weekend, despite the fact the government has announced low-priced apartments in the area, brokers said.

The government-built houses will be sold for about NT$170,000 a ping, pretty much the same as prices offered by private developers, they said.

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