{"id":3800,"date":"2019-08-07T07:58:52","date_gmt":"2019-08-07T07:58:52","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3800"},"modified":"2021-06-04T14:35:36","modified_gmt":"2021-06-04T07:35:36","slug":"ghost-month-triggers-buying-spree-in-taiwan","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/ghost-month-triggers-buying-spree-in-taiwan\/","title":{"rendered":"Ghost month triggers buying spree in Taiwan"},"content":{"rendered":"

Record transaction volume in more than three years<\/p>\n

\"\"Property seekers rushed to buy new homes and commercial properties in July ahead of the traditional Ghost Month observance, official figures showed<\/a>.<\/p>\n

The volume of transactions for residential and commercial properties in Taiwan’s six special municipalities hit 22,949 units in July, a 20-percent monthly rise and 17-percent annual growth. The figure is also the largest of any month in over three years.<\/p>\n

Property sales had fallen 13 percent month-on-month in June, in comparison.<\/p>\n

This year\u2019s Ghost Month, which falls on 1 August through 29 August, compels consumers to avoid big-ticket purchases such as property for fear of coming down with bad luck.<\/p>\n

More: Richard Meier on designing the hottest new luxury residences in Taipei<\/strong><\/a><\/p>\n

Home buyers had been inclined to take delivery of their properties before the start of Ghost Month, Lang Mei-nan, head of research at Great Home Realty, commented.<\/p>\n

The upswing in housing transactions may also be attributed to more working days in July\u201423 to June\u2019s 19\u2014according to Tseng Ching-der, a research manager with Sinyi Realty Inc.<\/p>\n

July\u2019s figures bring the volume of transactions in the six municipalities to 133,171 units for the first seven months of the year, an increase of 8.2 percent from last year.<\/p>\n

Hsu Chia-hsin, head of the research department of real estate sales agent H&B Business Group, cautioned that political factors attendant on the presidential elections in January, plus an economic slowdown, may bode negatively on the market in the second half of 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"

Record transaction volume in more than three years<\/p>\n","protected":false},"author":8,"featured_media":20220,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[429,428,151,430],"class_list":["post-3800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ghost-month","tag-taipei","tag-taiwan","tag-tradition","news_country-taiwan","news_author-property-report"],"acf":[],"yoast_head":"\nGhost month triggers buying spree in Taiwan | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/ghost-month-triggers-buying-spree-in-taiwan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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