Report | Intelligent Investment

Taiwan Market Outlook 2023

May 24, 2023

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  • Despite weak global demand, Taiwan’s economy is forecasted to expand by about 2% y-o-y in 2023, supported by solid private consumption. The central bank’s tightening cycle will likely end by Q2 2023 as inflation falls.
  • Relocation demand will be subdued as office occupiers become more cost cautious. A spike in vacancy by the end of 2023 will move the market towards a more balanced situation between landlords and tenants.
  • Retailer sentiment will strengthen on the back of robust consumer spending, ensuring that high street rents firstly bottom out and then rise at a modest rate over the course of 2023.
  • Investment turnover is forecasted to drop significantly as domestic investors turn more cautious. Modest yield expansion is expected across most asset classes as investors keenly seek discounts.