Savills Portugal

Transaction volumes hit a recent high

Expansion demand from the technology industry has driven transactions up by 60%.

Taiwan’s GDP growth reached an 11 year high of 6.09% and listed companies witnessed average revenue growth of 12% in 2021.
Total transaction volumes of commercial properties in 2021 increased by 19.5% YoY to NT$173 billion, posting a record high.
Industrial-offi ce transactions dominated the market with sales doubling to NT$52.4 billion due to the surging need for offi ce and lab space from the technology industry.
Investors, including insurance companies and REITs, continue to focus on the logistics and industrial-offi cesectors.
Property cooling measures have had no signifi cant impact, as land sales stood at the previous year’s level.
Taichung, Taipei, and New Taipei City were the main focus areas for developers, and the 7th phase redevelopment zonewas particularly popular.

The focus of the property market will shift to emerging technology hubs, as industrial clusters, the growth of a high-income population and strong consumer demand will bring opportunities to the retail, offi ce and industrial office sectors.
Erin Ting, Savills Research