The local property market continued its slowdown last month with market watchers expressing mixed views about its future prospects, a statement released yesterday said.
Evertrust Rehouse’s (永慶房屋) survey found that residential property prices in the greater Taipei area saw a 10 percent month-on-month decline to average NT$267,000 (US$8,670) per ping (3.3m²) last month while trading volume dropped by 15 percent in the same period.
Benson Liao (廖本勝), president of the parent Evertrust Group, yesterday attributed the market’s slowdown to an poorly performing stock market and rising consumer prices, warning that it was a home buyer’s market, but not for speculative buyers seeking profit gains.
“Sellers need to revise their pricing before more deals will be closed,” he said over the phone yesterday, adding that “a lack of earnings growth is keeping home shoppers from buying.”
The real-estate agency expects to see the local market rebound “in the second half of this year when the global economy recovers and the nation’s cross-strait economic deregulation provides a real boost to the local economy,” company president Yeh Lin-chi (葉凌棋) was quoted as saying in a statement.
But Chang Chin-oh (張金鍔), professor of economics at National Chengchi University, was not as optimistic.
“We are experiencing a bear market, which may only hit the bottom and rebound in three to five years’ time, because it won’t be easy to increase income growth in the years to come,” he said over the telephone yesterday.
The real-estate index, co-compiled by Chang and Cathay Real Estate Development Co (國泰建設), the nation’s second largest developer, showed that the 30-day trading volume indicator saw a 23.49 percent year-on-year decline in the second quarter of this year to reach 412 points, although closing prices saw a 6.15 percent growth at the same time, to average NT$195,500 per ping nationwide in the second quarter.
On a quarterly basis, both closing prices and the 30-day trading volume indicator jumped by 2.53 percent and 28.05 percent respectively in the second quarter, Chang said.
In addition, Evertrust’s survey found that the property market in Taichung saw 30 percent month-on-month decline last month, although average prices remained steady.
The property market in Kaohsiung, however, appeared to benefit from investments made by Hon Hai Precision Industry Co (鴻海精密), and the launch of the city’s mass rapid transit system, seeing a 5 percent growth in sales last month, compared with June.
However, closing prices on property showed little change at an average NT$90,000 per ping, the company’s statement said.
Nvidia Corp’s demand for advanced packaging from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) remains strong though the kind of technology it needs is changing, Nvidia CEO Jensen Huang (黃仁勳) said yesterday, after he was asked whether the company was cutting orders. Nvidia’s most advanced artificial intelligence (AI) chip, Blackwell, consists of multiple chips glued together using a complex chip-on-wafer-on-substrate (CoWoS) advanced packaging technology offered by TSMC, Nvidia’s main contract chipmaker. “As we move into Blackwell, we will use largely CoWoS-L. Of course, we’re still manufacturing Hopper, and Hopper will use CowoS-S. We will also transition the CoWoS-S capacity to CoWos-L,” Huang said
Nvidia Corp CEO Jensen Huang (黃仁勳) is expected to miss the inauguration of US president-elect Donald Trump on Monday, bucking a trend among high-profile US technology leaders. Huang is visiting East Asia this week, as he typically does around the time of the Lunar New Year, a person familiar with the situation said. He has never previously attended a US presidential inauguration, said the person, who asked not to be identified, because the plans have not been announced. That makes Nvidia an exception among the most valuable technology companies, most of which are sending cofounders or CEOs to the event. That includes
INDUSTRY LEADER: TSMC aims to continue outperforming the industry’s growth and makes 2025 another strong growth year, chairman and CEO C.C. Wei says Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp and Apple Inc, yesterday said it aims to grow revenue by about 25 percent this year, driven by robust demand for artificial intelligence (AI) chips. That means TSMC would continue to outpace the foundry industry’s 10 percent annual growth this year based on the chipmaker’s estimate. The chipmaker expects revenue from AI-related chips to double this year, extending a three-fold increase last year. The growth would quicken over the next five years at a compound annual growth rate of 45 percent, fueled by strong demand for the high-performance computing
TARIFF TRADE-OFF: Machinery exports to China dropped after Beijing ended its tariff reductions in June, while potential new tariffs fueled ‘front-loaded’ orders to the US The nation’s machinery exports to the US amounted to US$7.19 billion last year, surpassing the US$6.86 billion to China to become the largest export destination for the local machinery industry, the Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) said in a report on Jan. 10. It came as some manufacturers brought forward or “front-loaded” US-bound shipments as required by customers ahead of potential tariffs imposed by the new US administration, the association said. During his campaign, US president-elect Donald Trump threatened tariffs of as high as 60 percent on Chinese goods and 10 percent to 20 percent on imports from other countries.
RSS