.jpg "Savills")
The semiconductor, optoelectronics, and networking sectors have driven growth in the purchase of factories and office space.
- Taiwan’s GDP growth rate in 2024 is projected at 3.9%, with semiconductor production line expansions driving steady growth in the commercial property market.
- Commercial property transactions reached NT$60.2 billion in Q3/2024, marking a year-over-year growth rate of 193%. The total transaction amount for the fi rst three quarters reached NT$128.9 billion, a new high since 2022.
- The tech industry was the main driver of commercial property this quarter, with an investment of NT$42.9 billion, accounting for 70% of total transaction value. The semiconductor, optoelectronics, and telecom sectors were the most active.
- Factory transactions saw significant increases, with a single-quarter transaction volume reaching NT$44.9 billion, the largest in history, followed by industrial office totaling NT$11.9 billion, accounting for around 20%.
- Land transactions reached NT$103.9 billion in Q3, representing a 175% YoY growth, as developers actively expanded land reserves, focusing on major metropolitan areas in central and southern Taiwan, such as Taichung and Kaohsiung.
- The central bank’s seventh round of selective credit controls is expected to directly impact residential and land purchases. In public land auctions held in late September, developer activity was noticeably sparse.