Huang, Joyce
February 2009
Forbes Asia;2/16/2009, Vol. 5 Issue 2, p61
The article reports that recession has severely impacted the property market in Taiwan. It reports that Taiwan has taken a graver than expected hit from the sharp slowdown in world demand in the Fall 2008. Chao Teng-Hsiung, chairman of Farglory Land Development, says that company sales dropped by more than 50% in the second half of 2008. Raymond Lin, research director at CB Richard Ellis, says that people have stopped buying because they are expecting lower prices.


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