Two listed developers in Taichung and Tainan yesterday said that they are upbeat about business this year, as they would benefit from real demand fueled by a stable economy and investments by local tech firms.
Taichung-based Full Wang International Development Co (富旺國際開發) said it expects enhanced profitability this year as construction projects across Taiwan stay on course.
Full Wang said it has 12 projects on hand that might generate NT$16.87 billion (US$610.70 million) of sales, up from NT$3.19 billion last year, when a level-3 COVID-19 alert in the second quarter stalled construction and weighed on sales.
The 12 projects are in Hsinchu, Miaoli, Taichung, Yunlin and Kaohsiung, with strong sales rates, it said.
Full Wang, which is engaged in residential property development as well as sales of industrial land plots, said that windfalls would continue as companies return from abroad, and local semiconductor and flat-panel makers expand capacity.
Full Wang is also seeking to tap into commercial property management and is in talks with potential partners to be involved with a mixed-used complex to be built near the High-Speed Rail station in Taichung, it said.
The complex might generate NT$100 million in rental income from next year, if things proceed smoothly, it said.
Tainan-based Sun Yad Construction Co (上曜建設開發) said it is taking advantage of the southern city’s evolution into a home to new manufacturing facilities of heavyweight Taiwanese technology firms.
New manufacturing orders will create new jobs and housing demand, and Sun Yad is poised to win customers with its experience in development of upscale apartments, it said.
A lakeside residential project achieved a sales rate of more than 50 percent just three weeks after its release, it said.
Selling prices would stand firm at above NT$400,000 per ping (3.3m2) for units on upper floors, Sun Yad Construction said.
with penthouse units expected to be near NT$500,000 per ping, which would be close to rates in northern Taiwan, it said.
MediaTek Inc (聯發科), the world’s biggest 5G chip supplier, saw its ranking rise by one notch to No. 7 last year among world semiconductor vendors, as it benefited from the rapid 5G smartphone uptake in China after Huawei Technologies Co (華為) was forced to exit the market, Gartner Inc said in a report yesterday. MediaTek’s revenue soared 58.8 percent to US$17.45 billion last year from US$10.99 billion in 2020, outpacing the global semiconductor industry’s growth of 25 percent, according to Gartner’s tally. That gave MediaTek a 3 percent market share. The Hsinchu-based chip company ranked No. 8 in 2020, behind Texas Instruments
Medigen Vaccine Biologics Corp (高端疫苗) yesterday reported higher neutralizing antibody levels in people who were given its COVID-19 vaccine as a booster after two AstraZeneca doses, the company said. In a trial of 200 participants who received Medigen’s COVID-19 vaccine, neutralizing antibodies against the Omicron variant of SARS-CoV-2 grew by 5.7 times one month after being administered, Taoyuan General Hospital said. Medigen said that the results have been submitted to medRxiv, an online platform for researchers to share complete but unpublished papers. Another trial conducted by National Taiwan University Hospital showed that among 45 participants who received three doses of the Medigen vaccine,
BEATING EXPECTATIONS: With electric vehicles and the metaverse on the horizon, the company predicts a solid first quarter as customers stockpile inventories Key iPhone assembler Hon Hai Precision Industry Co (鴻海精密) could achieve an “unprecedented” performance in the first quarter, chairman Young Liu (劉揚偉) said. “Our performance in the first quarter might surpass how we fared in the past few years, and it is likely that some staff at key sites might only get two days off during the Lunar New Year holiday,” Liu said in prepared remarks for the company’s annual workers’ party yesterday. Manufacturers around the world are racing to build up inventory out of fear that outbreaks of the Omicron variant of SARS-CoV-2 and other uncertainties could further disrupt their supply
Jardine Matheson Holdings Ltd (怡和洋行), a diversified Asia-based group whose businesses span property, transport, retail and luxury hotels, is considering strategic options for its restaurant unit, people with knowledge of the matter said. The Singapore-traded conglomerate is weighing a sale of Jardine Restaurant Group (怡和餐飲集團), a wholly owned subsidiary that operates KFC and Pizza Hut franchises in Taiwan, Hong Kong, Macau and Vietnam, said the people, who asked not to be identified as the information is private. The subsidiary also runs Pizza Hut restaurants in Myanmar, according to its Web site. Jardine Matheson has held preliminary discussions with advisers, the people said, adding
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