Housing in the nation is increasingly aging, with the average age of properties reaching 29.5 years in the first half of this year, raising concerns over the safety of older buildings, property brokers said.
As of June, there were 8.54 million properties in Taiwan, with an average age of 29.5 years, Ministry of the Interior statistics showed.
Properties 40 years and older accounted for 21 percent of the total, or an increase of 190,000 units to 1.79 million, the data showed, suggesting that one in five existing homes are older than the requirement for urban renewal.
The government has introduced preferential floor space terms and other incentives for urban renewal bids involving older properties.
Buildings declared dangerous due to earthquakes or other reasons also qualify for encouragement measures.
However, successful cases have been rare over the past few years due to the difficulty of winning support from all owners and lengthy regulatory reviews, Taiwan House Realty Co (台灣房屋) said.
Properties in Taipei are the oldest, with an average age of 33, followed by Tainan at 31, government data showed.
The average age rose to more than 26 years for properties in Kaohsiung, New Taipei City and Taichung, the data showed.
Properties in Taoyuan are on average 24.4 years old due to the relatively recent arrival of property funding, Taiwan Realty said.
Taiwan Realty forecast that homeowners would show more support for urban renewal as houses grow older and more vulnerable.
Taipei and New Taipei City have the highest density of old houses with 263,000 and 267,000 units 40 years and older respectively, government data found. Kaohsiung ranked third with 215,000 units.
Taiwan will prioritize the development of silicon photonics by taking advantage of its strength in the semiconductor industry to build another shield to protect the local economy, National Development Council (NDC) Minister Paul Liu (劉鏡清) said yesterday. Speaking at a meeting of the legislature’s Economics Committee, Liu said Taiwan already has the artificial intelligence (AI) industry as a shield, after the semiconductor industry, to safeguard the country, and is looking at new unique fields to build more economic shields. While Taiwan will further strengthen its existing shields, over the longer term, the country is determined to focus on such potential segments as
UNCERTAINTY: Innolux activated a stringent supply chain management mechanism, as it did during the COVID-19 pandemic, to ensure optimal inventory levels for customers Flat-panel display makers AUO Corp (友達) and Innolux Corp (群創) yesterday said that about 12 to 20 percent of their display business is at risk of potential US tariffs and that they would relocate production or shipment destinations to mitigate the levies’ effects. US tariffs would have a direct impact of US$200 million on AUO’s revenue, company chairman Paul Peng (彭雙浪) told reporters on the sidelines of the Touch Taiwan trade show in Taipei yesterday. That would make up about 12 percent of the company’s overall revenue. To cope with the tariff uncertainty, AUO plans to allocate its production to manufacturing facilities in
COLLABORATION: Given Taiwan’s key position in global supply chains, the US firm is discussing strategies with local partners and clients to deal with global uncertainties Advanced Micro Devices Inc (AMD) yesterday said it is meeting with local ecosystem partners, including Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), to discuss strategies, including long-term manufacturing, to navigate uncertainties such as US tariffs, as Taiwan occupies an important position in global supply chains. AMD chief executive officer Lisa Su (蘇姿丰) told reporters that Taiwan is an important part of the chip designer’s ecosystem and she is discussing with partners and customers in Taiwan to forge strong collaborations on different areas during this critical period. AMD has just become the first artificial-intelligence (AI) server chip customer of TSMC to utilize its advanced
Chizuko Kimura has become the first female sushi chef in the world to win a Michelin star, fulfilling a promise she made to her dying husband to continue his legacy. The 54-year-old Japanese chef regained the Michelin star her late husband, Shunei Kimura, won three years ago for their Sushi Shunei restaurant in Paris. For Shunei Kimura, the star was a dream come true. However, the joy was short-lived. He died from cancer just three months later in June 2022. He was 65. The following year, the restaurant in the heart of Montmartre lost its star rating. Chizuko Kimura insisted that the new star is still down