KF: Prime office prices and rentals to track sideways in Taipei in 1Q16
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that it expects prime office prices in Taipei to track sideways in 1Q16. Rentals are also expected to move sideways through the first three months of 2016. Major sales transactions in Taipei during 4Q15 included around 95% of the HQ Building of CTBC Bank in Xinyi for USD460mn and six floors of the Yuanta Financial Holding Building in Songshan, for USD134mn or USD13,511 per square metre. Major leasing transactions included an 11th floor unit in the Cathay Landmark in Xinyi (1,735 square metres @USD27.60 per square metre) and an eighth floor unit of the President International Building (1,107 square metres @USD26.10 per square metre).
Source : KF/ February 2016/Taipei/OFF