Studio prices in Taipei’s popular school districts have risen to a new high as Taiwanese parents seek to win residency qualifications for their children following the introduction of the 12-year compulsory education program, Taiwan Realty Co (台灣房屋) said yesterday.
Several pre-sale studio units in the city’s Daan District (大安) were traded at NT$1.6 million (US$53,000) per ping (3.3m2) in June, according to the government’s real-price transaction data released yesterday.
Studios that measure between 8.6 ping and 12.56 ping cost between NT$12.8 million and NT$20.5 million, data showed.
“Studios of such size are too small to house a family, but enable residents to win qualification for their children to go to schools in the vicinity,” Taiwan Realty spokeswoman Charlene Chang (張旭嵐) said.
Many students vie to study at Affiliated Senior High School of National Taiwan Normal University, known as HSNU, one of the highest-ranking high schools in Taiwan.
The competition to get into HSNU is fierce, as the High-School Entrance Exam scores of admitted students are typically among the top 3 percent in the country.
However, this year, many students won admission without the entrance exam thanks to the extension of compulsory education to 12 years from the previous nine, Chang said.
Taipei Mayor Hau Lung-bin (郝龍斌) promised to keep the exam-free admission ratio at more than 50 percent in the future, after parents and students called for reform in protests over the new entrance mechanism.
Concerns over school districts aside, studios in Daan District might benefit from capital gains, given their close proximity to Daan Forest Park and with the MRT Xinyi Line now in service, Chang said.
However, prominent owners of luxury homes are seeking to cash out as the government deepens credit controls and other tightening measures.
Fubon Financial Holding Co (富邦金控) chairman Daniel Tsai (蔡明忠) and his brother Richard Tsai (蔡明興) sold three luxury housing apartments in downtown Taipei in May, data showed.
Hsu Hsien-hsien (許嫺嫺), the wife of Shin Kong Financial Holding Co (新光金控) chairman Eugene Wu (吳東進), sold a luxury apartment in June.
Kwong Fong Industries Group (廣豐實業) chairman Ho Ming-yu (賀鳴玉) also sold an apartment unit in the Palace complex (帝寶) on Renai Road (仁愛路) according to government data.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) would not produce its most advanced technologies in the US next year, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. Kuo made the comment during an appearance at the legislature, hours after the chipmaker announced that it would invest an additional US$100 billion to expand its manufacturing operations in the US. Asked by Taiwan People’s Party Legislator-at-large Chang Chi-kai (張啟楷) if TSMC would allow its most advanced technologies, the yet-to-be-released 2-nanometer and 1.6-nanometer processes, to go to the US in the near term, Kuo denied it. TSMC recently opened its first US factory, which produces 4-nanometer
GREAT SUCCESS: Republican Senator Todd Young expressed surprise at Trump’s comments and said he expects the administration to keep the program running US lawmakers who helped secure billions of dollars in subsidies for domestic semiconductor manufacturing rejected US President Donald Trump’s call to revoke the 2022 CHIPS and Science Act, signaling that any repeal effort in the US Congress would fall short. US Senate Minority Leader Chuck Schumer, who negotiated the law, on Wednesday said that Trump’s demand would fail, while a top Republican proponent, US Senator Todd Young, expressed surprise at the president’s comments and said he expects the administration to keep the program running. The CHIPS Act is “essential for America leading the world in tech, leading the world in AI [artificial
REACTIONS: While most analysts were positive about TSMC’s investment, one said the US expansion could disrupt the company’s supply-demand balance Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) new US$100 billion investment in the US would exert a positive effect on the chipmaker’s revenue in the medium term on the back of booming artificial intelligence (AI) chip demand from US chip designers, an International Data Corp (IDC) analyst said yesterday. “This is good for TSMC in terms of business expansion, as its major clients for advanced chips are US chip designers,” IDC senior semiconductor research manager Galen Zeng (曾冠瑋) said by telephone yesterday. “Besides, those US companies all consider supply chain resilience a business imperative,” Zeng said. That meant local supply would
BIG INVESTMENT: Hon Hai is building the world’s largest assembly plant for servers based on Nvidia Corp’s state-of-the-art AI chips, Jalisco Governor Pablo Lemus said The construction of Hon Hai Precision Industry Co’s (鴻海精密) massive artificial intelligence (AI) server plant near Guadalajara, Mexico, would be completed in a year despite the threat of new tariffs from US President Donald Trump, Jalisco Governor Pablo Lemus said. Hon Hai, also known as Foxconn Technology Group (富士康科技集團), is investing about US$900 million in what would become the world’s largest assembly plant for servers based on Nvidia Corp’s state-of-the-art GB200 AI chips, Lemus said. The project consists of two phases: the expansion of an existing Hon Hai facility in the municipality of El Salto, and the construction of a
RSS