Taipei’s offices and flats are in vogue as Taiwanese companies beat a safe passage home to flee Covid-19 in China, US trade war

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Taipei has been rolling out initiatives to attract Taiwanese manufacturers and bring them back home.

Heightened tensions between the United States and China and the coronavirus pandemic have spurred demand among mainland China-based Taiwanese individuals and companies for residential and commercial property in Taiwan, analysts said.

Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China. Taiwan’s successful coronavirus response is likely to boost its retail, hotel segments Last year, it launched a three-year programme that provides loans and fast tracks business registration processes. The programme has so far attracted 193 companies, which have invested a total of NT$777 billion in Taiwan, according to property consultancy CBRE.

Hongkongers lose taste for overseas property elsewhere amid BN offerThe residential segment has been boosted too. “[The total number of] residential units sold in June increased by 15 per cent compared with May,” Ting said. “Some of the buyers work in the technology industry, and we do see the Hsinchu residential market becoming very active.” Hsinchu is a city southwest of Taipei.

 

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