Office: Leasing activity remained moderate in Q1, with caution prevailing. Modest new supply entered the market, chiefly for self-use.
Retail: Convenience and wholesale stores enjoyed growth as at February and department stores saw a 16% sales jump. However, other general retail continues to feel the absence of inbound tourism.
Industrial Office: The active market helped rental growth of 0.2% q-o-q in Xihu. Rents in Wende and Jiuzhong Sections remained stable.
Investment: The market opened 2021 on a confident note, with Q1 total consideration of NT$31.1 billion jumping 131.9% y-o-y. Local buyers dominated, with owner-occupiers claiming 75.2% of transactions.
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