Top investment destination for high-quality office, retail, hotel and high-end residential in Taichung
The New City Hall Business District (NCHBD) is a multi-centric hub in central Taiwan. The office market was active in Q1, with impact from COVID-19 not yet apparent.
- We expect the NCHBD to become Taichung’s largest prime office market in the next five years.
- Continued manufacturing investment in Taichung City should drive demand for office space. We recommend the office sector in Taichung as the most stable and promising investment opportunity.
- We recommend tenants with expansion or relocation requirements consider the NCHBD, as landlords may offer more flexible terms in 2020.
