Report | Intelligent Investment

Taiwan Market Outlook Mid-Year Review 2024

June 4, 2024 20 Minute Read

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Economy & Policy

Despite ongoing geopolitical risk, Taiwan’s GDP is forecasted to reach 3.9% y-o-y in 2024, underpinned by solid household consumption. Interest rates will likely stay high for a longer period.

 

Office

Leasing sentiment is expected to improve as occupiers adopt a positive stance towards relocation. Taipei will remain a landlords’ market but rental growth will continue to moderate.

 

Retail

Retailers will step up expansion on the back of solid sales performance. High street rents in Taipei’s CBD are expected to rebound in H2 2024.

 

Investment

Investment activity is expected to be led by owner-occupiers as investors mainly adopt a cautiously positive attitude. Limited repricing will result in marginal yield expansion this year.