Presale and new housing projects in the nation’s major municipalities have reached NT$542.89 billion (US$18.48 billion) in the autumn sales season, as real demand is supporting the property market despite the COVID-19 pandemic, the online housing unit of Addcn Technology Co Ltd (數字科技) said in a report.
The volume represents a minor drop of 4 percent year-on-year for the post-Ghost Month sales season, when developers and builders seek to reboot sales after lying low, the newhouse.591.com (591新建案) unit said in the report.
New Taipei City accounts for the biggest share, an estimated NT$165.9 billion of presale and new housing projects, primarily in Banciao (板橋), Sanchong (三重), Sindian (新店), Linkou (林口) and Sinjhuang (新莊) districts, the report said.
New housing projects total NT$25 billion in Banciao’s rezoning area, where major players such as Ruentex Industries Co (潤泰全球), I Sunny Co (愛山林建設) and the development arm of Sinyi Realty Inc (信義房屋) have projects, it said.
Hahuan Group’s (合環建設機構) urban renewal project, which makes up another NT$20 billion, offers apartments of 29 ping (95.87m2) to 76 ping on a 2,000 ping plot of land on Sindian’s Baociao Road, the report said, adding that asking prices could reach NT$800,000 per ping.
Taiwan’s quick control of the COVID-19 outbreak has given land developers and real-estate builders the confidence to launch new products, while their peers elsewhere have adopted a conservative strategy, the report said.
Among major municipalities, Taipei, with only NT$50 billion in new housing projects offered — a 20 percent decline from a year earlier — appears more cautious, it said.
Only one project in the city, near Beitou MRT Station, has a total sales volume of more than NT$6 billion, it added.
New housing projects in Taichung rose 20 percent to NT$96.83 billion, as presale apartments priced at NT$8 million have rapidly become popular, the report said.
Sales strategies that highlight low down payments of NT$30,000 per unit and low mortgage responsibilities of NT$5,000 per month have helped to motivate potential buyers in the Taichung area, it said, citing local real-estate agents.
New housing projects reached NT$95.9 billion in Taoyuan and NT$45.9 billion in Hsinchu, with apartments priced at NT$15 million proving the most attractive, while the market in Kaohsiung has remained stable, edging up 3 percent to NT$66.84 billion, the report said.
An office building that is to be constructed by King’s Town Construction Co (京城建設), which is seeking to sell to Taiwanese firms returning from China to avoid US-China trade tensions, underpins the uptick in Kaohsiung, it said.
WIN-WIN SITUATION: Customers, products and client portfolios of the companies are complementary, allowing for inroads into new fields, Chipbond’s chairman said Chipbond Technology Corp (頎邦) yesterday said it plans to acquire about a 31 percent stake in Orient Semiconductor Electronics Ltd (華泰電子) in a cash-and-share deal, aiming to make inroads into flash memory-chip packaging. Chipbond said the strategic alliance would open the door for the company to enter the flash memorychip packaging and testing market, which is a new business for the Hsinchu-based company. Chipbond primarily provides testing and packaging services for driver integrated circuits that are used in flat panels. BUSINESS OPPORTUNITY “Except for flash memory chips, we also saw a lot of new businesses that require the technologies of Chipbond or Oriental
MOMENTUM: While next-generation smartphones feature more semiconductors and vendors increase their inventory, the chipmaker remains focused on production in Taiwan Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the sole chip supplier for Apple Inc’s iPhone series, yesterday raised its revenue forecast again, saying that robust demand for 5G smartphones and high-performance-computing (HPC) would help boost revenue this year by 30 percent in US dollar terms. Three months ago, the chipmaker estimated that revenue would grow 20 percent this year from last year, reaching its long-term growth target of 15 to 20 percent annually. “Moving into the fourth quarter, we expect our growth in revenue to be supported by strong demand for our industry-leading 5-nanometer technology driven by 5G smartphone launches and HPC-related applications,”
Luxury hotel Mandarin Oriental Taipei (文華東方酒店) plans to reopen its guestrooms in December to take advantage of a boom in domestic travel. The reopening would come six months after the five-star facility suspended room operations to cut costs as countries across the region impose border controls to contain the COVID-19 pandemic, diminishing demand for business travel. “We are delighted to share that Mandarin Oriental Taipei will resume room operations on December 1,” the hotel said in a statement yesterday. The hotel in Songshan District (松山) said it would adopt stringent health and safety practices to ensure the well-being of its guests and employees. It
India’s COVID-19 economic gloom turned into despair this week, on news that its per capita GDP for this year might be lower than that of Bangladesh. “Any emerging economy doing well is good news,” Kaushik Basu, a former World Bank chief economist, said on Twitter after the IMF updated its World Economic Outlook. “But it’s shocking that India, which had a lead of 25% five years ago, is now trailing.” Ever since it began opening up the economy in the 1990s, India’s dream has been to emulate China’s rapid expansion. After three decades of persevering with that campaign, slipping behind Bangladesh hurts