Taipei has made it onto an “Emerging World Cities” list alongside four other cities, a research note issued by Jones Lang LaSalle Inc (JLL) earlier this month indicates.
In the Nov. 4 report, entitled Globalization and Competition: The New World of Cities, Taipei is named by the real-estate services firm in the “Emerging World Cities” category, along with Shanghai, Beijing, Dubai and Instanbul, Turkey, because of “long-term growth opportunities and increasing volume of real estate activity.”
According to JLL Taiwan managing director Tony Chao (趙正義), Taipei has attracted a high degree of global attention, because it ranks top in terms of public infrastructure, second in terms of higher education levels and seventh in innovation capabilities.
In addition, Taipei’s internationalized financial centers and good location have turned the city into a key hub for foreign investors aiming to tap the Asia-Pacific market, he said, ading that Taipei’s potential for development and its level of globalization are highly valued.
“But the rise of these ‘Emerging World Cities’ is uneven. Shanghai and Beijing, as well as Istanbul, Taipei and Kuala Lumpur, are fast-tracking to maturity, but others are struggling to keep up with the pace of change,” the report said.
Despite its endeavors to become a modern and developed city, Taipei still faces several challenges, among them issues with real-estate transparency, the continued inflow of foreign investment into the local real-estate industry, the recruitment of talent and skilled workers, environmental protection and establishing sustainable and resilient working and living styles, Chao said.
The report divides cities around the world into three groups: Established World Cities, Emerging World Cities and New World Cities.
The Established World Cities — the “Big Six” of New York, Tokyo, London, Paris, Hong Kong and Singapore — are set to maintain their dominance, but they will need to execute bold and ambitious urban transformation projects to accommodate growth and maintain their global competitiveness, the report said.
The Big Six account for more than one-fifth of total global real-estate investment activity, it said.
CAUTION: Based on intelligence from the nation’s security agencies, MOFA has cautioned Taiwanese travelers about heightened safety risks in China-friendly countries The Ministry of Foreign Affairs (MOFA) yesterday urged Taiwanese to be aware of their safety when traveling abroad, especially in countries that are friendly to China. China in June last year issued 22 guidelines that allow its courts to try in absentia and sentence to death so-called “diehard” Taiwanese independence activists, even though Chinese courts have no jurisdiction in Taiwan. Late last month, a senior Chinese official gave closed-door instructions to state security units to implement the guidelines in countries friendly to China, a government memo and a senior Taiwan security official said, based on information gathered by Taiwan’s intelligence agency. The
The National Immigration Agency (NIA) said yesterday that it will revoke the dependent-based residence permit of a Chinese social media influencer who reportedly “openly advocated for [China’s] unification through military force” with Taiwan. The Chinese national, identified by her surname Liu (劉), will have her residence permit revoked in accordance with Article 14 of the “Measures for the permission of family- based residence, long-term residence and settlement of people from the Mainland Area in the Taiwan Area,” the NIA said in a news release. The agency explained it received reports that Liu made “unifying Taiwan through military force” statements on her online
Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, said yesterday that it is looking to hire 8,000 people this year, at a time when the tech giant is expanding production capacity to maintain its lead over competitors. To attract talent, TSMC would launch a large-scale recruitment campaign on campuses across Taiwan, where a newly recruited engineer with a master’s degree could expect to receive an average salary of NT$2.2 million (US$60,912), which is much higher than the 2023 national average of NT$709,000 for those in the same category, according to government statistics. TSMC, which accounted for more than 60 percent
Tung Tzu-hsien (童子賢), a Taiwanese businessman and deputy convener of the nation’s National Climate Change Committee, said yesterday that “electrical power is national power” and nuclear energy is “very important to Taiwan.” Tung made the remarks, suggesting that his views do not align with the country’s current official policy of phasing out nuclear energy, at a forum organized by the Taiwan People’s Party titled “Challenges and Prospects of Taiwan’s AI Industry and Energy Policy.” “Taiwan is currently pursuing industries with high added- value and is developing vigorously, and this all requires electricity,” said the chairman
RSS