Residential and commercial property transactions in the six special municipalities totaled about 19,000 units last month, up 3.7 percent from July and 14.4 percent from a year earlier, data released by the local governments on Wednesday last week showed.
An increase in the supply of pre-sale units, more working days per month and the stabilization of sales in Tainan and Kaohsiung led to the higher number of transactions last month, Sinyi Realty Inc (信義房屋) research manager Tseng Ching-der (曾敬德) said.
Housing sales last month in Tainan rose 9.9 percent monthly to 2,017 units, and in Kaohsiung they rebounded 9.1 percent to 2,925 units, following declines in July of 18.2 percent and 20.2 percent respectively, the data showed.
Photo: CNA
The sales rebound in Tainan came amid increased home construction in some areas — in Annan District (安南) — in particular, and a rebound in purchases in districts near the Southern Taiwan Science Park (南部科學園區), Taiwan Realty Co (台灣房屋) said.
Housing transactions last month in Annan totaled 390 units, up 12.7 percent from July, the most of any district in Tainan, ahead of Yongkang District (永康) with 241 units and Anping District (安平) with 186 units.
In Kaohsiung, the increase last month came mainly from buyers looking for homes for their own use, Taiwan Realty said.
In Taipei, housing sales fell 1.6 percent from July to 2,236 units, while transactions in New Taipei City dropped 4.9 percent to 4,468 units, data showed.
Property sales in Taoyuan totaled 3,482 units, down 1.6 percent from July, while transactions in Taichung rose 16.7 percent to 4,027 due to booming pre-sales, data indicated.
Housing transactions in the six municipalities from Jan. 1 to Aug. 31 totaled 169,137 units, up 0.2 percent from a year earlier.
Evertrust Rehouse Co (永慶房屋) research manager Chen Chin-ping (陳金萍) said she has a cautious outlook for housing transactions in Taiwan over the rest of the year because of rising interest rates worldwide.
When an apartment comes up for rent in Germany’s big cities, hundreds of prospective tenants often queue down the street to view it, but the acute shortage of affordable housing is getting scant attention ahead of today’s snap general election. “Housing is one of the main problems for people, but nobody talks about it, nobody takes it seriously,” said Andreas Ibel, president of Build Europe, an association representing housing developers. Migration and the sluggish economy top the list of voters’ concerns, but analysts say housing policy fails to break through as returns on investment take time to register, making the
‘SILVER LINING’: Although the news caused TSMC to fall on the local market, an analyst said that as tariffs are not set to go into effect until April, there is still time for negotiations US President Donald Trump on Tuesday said that he would likely impose tariffs on semiconductor, automobile and pharmaceutical imports of about 25 percent, with an announcement coming as soon as April 2 in a move that would represent a dramatic widening of the US leader’s trade war. “I probably will tell you that on April 2, but it’ll be in the neighborhood of 25 percent,” Trump told reporters at his Mar-a-Lago club when asked about his plan for auto tariffs. Asked about similar levies on pharmaceutical drugs and semiconductors, the president said that “it’ll be 25 percent and higher, and it’ll
NOT TO WORRY: Some people are concerned funds might continue moving out of the country, but the central bank said financial account outflows are not unusual in Taiwan Taiwan’s outbound investments hit a new high last year due to investments made by contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and other major manufacturers to boost global expansion, the central bank said on Thursday. The net increase in outbound investments last year reached a record US$21.05 billion, while the net increase in outbound investments by Taiwanese residents reached a record US$31.98 billion, central bank data showed. Chen Fei-wen (陳斐紋), deputy director of the central bank’s Department of Economic Research, said the increase was largely due to TSMC’s efforts to expand production in the US and Japan. Investments by Vanguard International
WARNING SHOT: The US president has threatened to impose 25 percent tariffs on all imported vehicles, and similar or higher duties on pharmaceuticals and semiconductors US President Donald Trump on Wednesday suggested that a trade deal with China was “possible” — a key target in the US leader’s tariffs policy. The US in 2020 had already agreed to “a great trade deal with China” and a new deal was “possible,” Trump said. Trump said he expected Chinese President Xi Jinping (習近平) to visit the US, without giving a timeline for his trip. Trump also said that he was talking to China about TikTok, as the US seeks to broker a sale of the popular app owned by Chinese firm ByteDance Ltd (字節跳動). Trump last week said that he had
RSS