Brief | Intelligent Investment
Brief: 2024 Taiwan Election
January 16, 2024 10 Minute Read
Taiwan’s election result not only has significant geopolitical implications but will also influence business’ and investors’ decision-making. CBRE’s outlook for Taiwan’s economic and real estate market prospects in the post-election landscape are as follows:
- Although relations between Taiwan and mainland China will be highly uncertain in the short- to medium-term, the Taiwanese economy is expected to grow by 3.1% y-o-y in 2024.
- While elevated cross-strait tensions will deter some foreign investors, real estate investment activity will likely remain solid on the back of steady purchasing by domestic buyers.
- The president-elect’s pledges to form large industrial clusters across Taiwan are expected to benefit the industrial property market in the coming years.