Taipei took 11th spot in the latest real-estate investment prospects rankings for the Asia-Pacific region, a survey by PricewaterhouseCoopers (PwC) and the Urban Land Institute showed.
In the “Emerging Trends in Real Estate Asia-Pacific 2021” ranking, Taipei rose three notches from a year earlier to 11th place among 22 cities in the region, due to Taiwan’s efforts to fend off the COVID-19 pandemic, PwC said.
Taipei has also enjoyed ample liquidity, and the investment prospects in the city’s real-estate market have been recognized by many investors, it said.
Photo: Cheng I-hwa, Bloomberg
“Certainly, in a handful of Asia-Pacific cities where the impact of COVID-19 is currently minimal, there has been little sign of slowing demand. Taipei is one market where leasing activity remains solid,” PwC said in a report on the survey.
Taipei was at the bottom in 22nd place in 2017 and 2018, and ranked No. 21 last year, before taking 14th position this year, PwC said.
Singapore, Tokyo and Sydney took the top three spots respectively, while Seoul was in fourth place, the survey found.
Shanghai was seventh, Shenzhen ninth and Beijing 12th, while Hong Kong was last.
PwC said the poll highlighted the evolving trends shaping the real-estate industry in the Asia-Pacific.
The report on the survey included proprietary data and insights from 391 leading real-estate industry experts in the region.
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
While China’s leaders use their economic and political might to fight US President Donald Trump’s trade war “to the end,” its army of social media soldiers are embarking on a more humorous campaign online. Trump’s tariff blitz has seen Washington and Beijing impose eye-watering duties on imports from the other, fanning a standoff between the economic superpowers that has sparked global recession fears and sent markets into a tailspin. Trump says his policy is a response to years of being “ripped off” by other countries and aims to bring manufacturing to the US, forcing companies to employ US workers. However, China’s online warriors
RSS