TAIPEI (TVBS News) — New Taipei City, Taiwan's most populous municipality, experienced a sharp downturn in real estate activity last month, according to figures released Tuesday (July 1) by the city's Land Administration Department (地政局). Officials reported 4,211 property transfers in June, representing a substantial decline of 605 properties, or 12.6 percent, from May's total of 4,816. The downward trajectory extends beyond property transfers to overall transactions, which fell from 5,110 in May to 4,594 in June, a reduction of 516 cases or 10.1 percent across the sprawling urban region.
Tucheng District (土城區), an industrial and residential area in the southwestern part of New Taipei City, bore the brunt of the slowdown with 483 fewer transactions in June compared to the previous month. Officials from the Land Administration Department pointed to concurrent declines in transfers of both newly constructed and pre-owned residential properties throughout the district. The dramatic reversal follows what authorities described as an anomalous surge in May, when the district recorded an unprecedented monthly high driven by temporary housing handovers in the Tucheng rezoning area, which had boosted May's figures by 977 properties compared to April's totals.
The department's analysis suggests that May's inflated transaction volume created an artificially high baseline, making June's correction appear particularly pronounced but ultimately representing a return to sustainable market patterns. The cooling trend extended beyond Tucheng to other key residential hubs, with Xinzhuang District (新莊區), a densely populated commercial center, recording 120 fewer transactions, while the hillside district of Xizhi (汐止區), popular among technology professionals, saw a decline of 111 property transfers. Market observers note that while these figures signal a stabilizing real estate environment across New Taipei City, both prospective buyers and sellers would be wise to monitor these evolving conditions closely in the coming months. ◼