Developers and builders are to launch NT$200 billion (US$6.66 billion) of presale projects and new homes in the traditional “hot sales” season that starts on Sept. 28 this year, with small apartments the focal point, the online housing unit of Addcn Technology Co Ltd (數字科技) said in a report.
Government-led urban renewal projects are expected to dominate northern Taiwan, while improving confidence is to underpin the market in the south of the nation during the month-long season, which usually starts in the middle of September.
New construction volume might approach NT$30 billion in Taipei, where a residential complex of nearly 1,000 ping (3,305.8m2) in Wenshan District (文山) is to contribute NT$8 billion alone, the report said.
The complex will offer units of between 25 ping and 55 ping.
Chong Hong Construction Co (長虹建設) is pairing up with one of its peers to offer residential apartments of 28 ping and 68 ping in Taipei’s Zhongshan District (中山).
In New Taipei City, Kindom Construction Corp (冠德建設) will launch a presale project on the site of the former Sindian (新店) administration hall that features mixed-use buildings with residential space priced at NT$700,000 per ping, the report said.
Li Shinn Asset Management Group (立信機構) has NT$4 billion in new housing projects in Banciao District (板橋), while its rivals have two to four-bedroom apartments priced at NT$400,000 per ping, according to the report.
Taichung has the largest volume of homes and projects of the six special municipalities, at NT$50 billion, as property funds flow into central Taiwan, it said.
Cathay Real Estate Development Co (國泰建設), Pau Jar Group (寶佳機構), Ho Yi Construction Co (和宜建設) and Herzu Construction Co (和築建設) all plan to unveil projects in Taichung this month or next.
Listed developers are expected to increase their presence in southern Taiwan with new projects valued at NT$17 billion, the report said.
In Tainan, Highwealth Construction Corp (興富發) has a presale project with 1,100 residential units, which is expected to generate NT$6.5 billion in revenue, it said.
King’s Town Construction Co (京城建設) plans to turn a plot of land of nearly 1,000 ping into a residential complex, while Kuoyang Construction Co (國揚建設) is adding townhouses, the report said.
Taipei-based developer JSL Group (甲山林) is to make its debut in Kaohsiung by launching two projects that could total NT$5 billion in sales, while Highwealth is expected to offer a large residential complex with 500 apartments of between 22 ping and 39 ping near the Kaohsiung Museum of Fine Arts (高雄市立美術館), the report said.
TRADE WAR: Tariffs should also apply to any goods that pass through the new Beijing-funded port in Chancay, Peru, an adviser to US president-elect Donald Trump said A veteran adviser to US president-elect Donald Trump is proposing that the 60 percent tariffs that Trump vowed to impose on Chinese goods also apply to goods from any country that pass through a new port that Beijing has built in Peru. The duties should apply to goods from China or countries in South America that pass through the new deep-water port Chancay, a town 60km north of Lima, said Mauricio Claver-Carone, an adviser to the Trump transition team who served as senior director for the western hemisphere on the White House National Security Council in his first administration. “Any product going
High above the sparkling surface of the Athens coastline, the cranes for building the 50-floor luxury tower centerpiece of Greece’s future “smart city” look out over the Saronic Gulf. At their feet, construction machinery stirs up dust. Its backers say the 8 billion euro (US$8.43 billion) project financed by private funds is a symbol of Greece’s renaissance after the years of financial stagnation that saw investors flee the country. However, critics see it more as a future “ghetto for the rich.” It is hard to imagine that 10km from the Acropolis, a new city “three times the size of Monaco”
STRUGGLING BUSINESS: South Korea’s biggest company and semiconductor manufacturer’s buyback fuels concerns that it could be missing out on the AI boom Samsung Electronics Co plans to buy back about 10 trillion won (US$7.2 billion) of its own stock over the next year, putting in motion one of the larger shareholder return programs in its history. South Korea’s biggest company would repurchase the stock in stages over the coming 12 months, it said in a regulatory filing on Friday. As a first step, it would buy back about 3 trillion won of paper starting today up until February next year, all of which it would cancel. The board would deliberate on how best to effect the remaining 7 trillion won of buybacks. The move
In a red box factory that stands out among the drab hills of the West Bank, Chat Cola’s employees race to quench Palestinians’ thirst for local products since the Gaza war erupted last year. With packaging reminiscent of Coca-Cola’s iconic red and white aluminum cans, Chat Cola has tapped into Palestinians’ desire to shun brands perceived as too supportive of Israel. “The demand for [Chat Cola] increased since the war began because of the boycott,” owner Fahed Arar said at the factory in the occupied West Bank town of Salfit. Julien, a restaurateur in the city of Ramallah further south,
RSS