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Taiwan's closely watched presidential and parliamentary elections, which were held on January 13th, 2024, saw the ruling Democratic Progressive Party’s candidate, current Taiwan Vice President Lai Ching-te, secure office with 40.05% of the votes.
 
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.