Transactions of land and commercial properties have dropped by over 20% in the fi rst three quarters

• The Taiwan Central Bank announced a rise in the base rate by 0.125 percentage points (ppts) to 1.625% in Septemberand has raised rates a total of 0.5 ppts so far this year.
• Total transaction volumes fell by 25% YoY to NT$35.2 billion in Q3/2022 and have fallen by 20% YoY to NT$105.2 billion over the fi rst three quarters of the year.
• Several large-scale industrial sites sold by the government helped total land transaction volumes in Q3/2022 reach NT$60.8 billion, up by 132% QoQ and down by 11% YoY.
• Factories and industrial factories accounted for 74% of deals in Q3/2022 as higher rental yields attracted buyer interest.
• Insurance companies are the most active buyers and invested a total of NT$39.3 billion in commercial properties which exceeded last year’s total.
• Developers turned cautious on residential land acquisition with total investment amounts dropping by nearly 50% YoY over the fi rst three quarters of 2022.