Developers in northern Taiwan plan to roll out a record NT$418.24 billion (US$13.65 billion) of new projects for the spring sales season, almost double the volume last year, driven by residential, commercial and industrial properties, the Chinese-language My Housing Monthly (住展雜誌) said yesterday.
Residential projects would generate NT$222.9 billion from sales, or 53.29 percent, while commercial and industrial properties would make up for the remaining sum, the publication’s survey found.
The new high volume is due to the entry of index properties such as the Core Pacific Plaza (京華廣場), a mixed-use property in Taipei’s Songshan District (松山) by Dingyue Development Corp (鼎越開發), an affiliate of China Petrochemical Development Corp (中石化), it said.
Photo: CNA
The plaza would feature four upscale office buildings with 19 aboveground floors and seven basement floors on a 5,000 ping (16,529m2) plot of land on the former site of Living Mall (京華城).
The massive complex achieved Global Real Estate Sustainability Benchmark’s highest recognition for its environmentally friendly design, Dingyue said yesterday.
Taipei posted NT$260.37 billion in property projects from March 29 to the end of next month, it said, adding that projects valued at more than NT$25 billion would be seen in Daan (大安) and Zhongshan (中山) districts.
New Taipei City posted NT$80.63 billion in new projects, with Sanchong District (三重) contributing NT$35 billion, it said.
If plans proceed smoothly, the district could see 40 projects competing for buyers’ attention, making it the city’s most competitive area, it said.
Apartment units priced up to NT$18 million appear in Sanchong, it said.
In Taoyuan, overall sales would amount to NT$44.47 billion, and rezoning areas in Cingpu (青埔) and Gueishan (龜山) districts continue to be the main battleground, it said.
However, there is only one project by Farglory Land Development Co (遠雄建設) that would generate sales of more than NT$10 billion, as most other projects are relatively small, it said.
Hsinchu City and Hsinchu County would see sales of NT$31.17 billion in new projects as developers regain confidence after COVID-19 infections stabilize, it said.
New projects in Hsinchu County are planned in Sinpu (新埔), Hukou (湖口) and Sinfeng (新豐) townships as well as Jhubei City (竹北), it said.
Most developers prefer to stay on the sidelines until the government explains how it would ban transfers of presale house purchase agreements, the publication said, adding that the practice suggests the sales volume for the summer sales season would be huge.
‘SWASTICAR’: Tesla CEO Elon Musk’s close association with Donald Trump has prompted opponents to brand him a ‘Nazi’ and resulted in a dramatic drop in sales Demonstrators descended on Tesla Inc dealerships across the US, and in Europe and Canada on Saturday to protest company chief Elon Musk, who has amassed extraordinary power as a top adviser to US President Donald Trump. Waving signs with messages such as “Musk is stealing our money” and “Reclaim our country,” the protests largely took place peacefully following fiery episodes of vandalism on Tesla vehicles, dealerships and other facilities in recent weeks that US officials have denounced as terrorism. Hundreds rallied on Saturday outside the Tesla dealership in Manhattan. Some blasted Musk, the world’s richest man, while others demanded the shuttering of his
ADVERSARIES: The new list includes 11 entities in China and one in Taiwan, which is a local branch of Chinese cloud computing firm Inspur Group The US added dozens of entities to a trade blacklist on Tuesday, the US Department of Commerce said, in part to disrupt Beijing’s artificial intelligence (AI) and advanced computing capabilities. The action affects 80 entities from countries including China, the United Arab Emirates and Iran, with the commerce department citing their “activities contrary to US national security and foreign policy.” Those added to the “entity list” are restricted from obtaining US items and technologies without government authorization. “We will not allow adversaries to exploit American technology to bolster their own militaries and threaten American lives,” US Secretary of Commerce Howard Lutnick said. The entities
Minister of Finance Chuang Tsui-yun (莊翠雲) yesterday told lawmakers that she “would not speculate,” but a “response plan” has been prepared in case Taiwan is targeted by US President Donald Trump’s reciprocal tariffs, which are to be announced on Wednesday next week. The Trump administration, including US Secretary of the Treasury Scott Bessent, has said that much of the proposed reciprocal tariffs would focus on the 15 countries that have the highest trade surpluses with the US. Bessent has referred to those countries as the “dirty 15,” but has not named them. Last year, Taiwan’s US$73.9 billion trade surplus with the US
Prices of gasoline and diesel products at domestic gas stations are to fall NT$0.2 and NT$0.1 per liter respectively this week, even though international crude oil prices rose last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. International crude oil prices continued rising last week, as the US Energy Information Administration reported a larger-than-expected drop in US commercial crude oil inventories, CPC said in a statement. Based on the company’s floating oil price formula, the cost of crude oil rose 2.38 percent last week from a week earlier, it said. News that US President Donald Trump plans a “secondary