The expansion of AI and semiconductor industries continues to drive Taiwan's economy, and confidence in commercial real estate investment has also increased. (Picture/Information photo)
The expansion of AI and semiconductor industries continues to drive Taiwan's economy, and commercial real estate investment confidence has also increased. In the third quarter of 2026, Taiwan's CCIM Commercial Real Estate Investment Confidence Index (ICI) overall average index reached 105.71 points, an increase of 1.24 points from the previous quarter, and has been maintained in the optimistic range of more than 100 points. The overall economic and office market confidence have increased simultaneously, becoming the main support for this quarter.
Judging from various indicators, the overall economic environment index reached 118.57 points, a quarterly increase of 3.29 points, the highest among all indicators; the office market index reached 117.86 points, a quarterly increase of 4.53 points, not only ranking second, but also the indicator with the largest increase this quarter. It shows that with the support of AI infrastructure, semiconductor supply chain expansion and corporate investment needs, the market still holds a positive view on the economic prospects and office space demand.
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CCIM Chairman Xie Kunfeng pointed out that global cloud service providers continue to increase capital expenditures, and Taiwan occupies a key position in the high-performance computing chip supply chain. Export sales and corporate investment have become important forces driving overall economic growth, and further support commercial real estate market confidence.
Regarding the office market, Ou Renzhang, deputy general manager of Xinyi Global Assets, said that corporate demand for office space is still strong and has not weakened due to the increase in new supply. In the future, office rental and sales prices will see more obvious product differentiation. High-quality commercial offices with transportation advantages, green energy specifications and talent recruitment conditions will still be easier to attract market funds.
The land development index this quarter was 107.14 points. Although it fell 2.12 points from the previous quarter, it still remained in the optimistic range. If viewed by region, the northern region index was 112.86 points, ranking first among the three major metropolitan areas; the central region was 105.71 points, a quarterly increase of 4.6 points. It was the only rising region this quarter, reflecting market expectations brought about by MRT planning and industrial investment; and the southern region was 102.86 points, also maintained above 100 points.
In comparison, the store market index was 79.29 points, a quarterly decrease of 0.71 points, which is still within a relatively conservative range. However, individual business districts and distinctive targets still had transaction performance, including the Kunming Street Tower House, which was sold for 420 million yuan, and the entire in89 luxury cinema in Ximending, which was sold for 1.98 billion yuan. This shows that the store market is not a general lack of buying momentum, but that buyers have clearer requirements for business district conditions and individual case values.
The hotel market index is 91.07 points, which is independently released. The overall attitude is still conservative. However, hotel operators continue to expand the market through cooperation and light asset models. Among them, Marriott Hotels cooperated with Elite Development and invested more than 3 billion yuan to introduce Taiwan's first AC Ou Xuan Hotel in Sun Moon Lake, which became an indicator case this quarter.
Looking forward to the market outlook, Lin Zuoyu pointed out that the central bank maintained the discount rate at 2% and raised the maximum percentage of second home purchase loans for natural persons from 60% to 70%, reflecting that credit controls have been adjusted. However, the market still needs to pay attention to changes in the domestic producer price index (PPI) and the impact of US-Iran geopolitics on oil prices, inflation and interest rate trends.
Overall, commercial real estate investment confidence in the third quarter was still led by the overall economy and the office market. However, the performance of different products is inconsistent. Whether the corporate investment demand brought by the AI and semiconductor industries can continue to be transformed into actual leasing and purchase demand remains the focus of subsequent market observation.
