A total of 5.96 percent of households bought residences during last year, the highest percentage in the last seven years, according to a survey released on Saturday by Sinyi Real Eastate Inc (
The ratio was up 0.14 percentage points over the previous year and marked the fourth consecutive positive-growth rate since 2002 -- the first time the home-buying rate experienced an upward trend following a 10-year recession in the real estate industry, according to the nation's largest housing agent.
By region, the number of homes purchased in last year was the highest in Taichung, where approximately one in 10 families purchased a home that year, the survey said.
Hsinchu County posted the second-highest rate, followed by Taoyuan County and Taipei County, the survey said.
Penghu County had the lowest home-buying ratio in last year, with only 1.57 percent of households purchasing homes that year, according to the survey.
Analysts at the real estate company said Taiwan's economic recovery and mortgage loans provided at low rates by the government have helped boost people's desire to buy a home, which they said was reflected in the increase in turnover in the housing market.
According Ministry of the Interior statistics, real-estate transaction cases amounted to 434,871 in last year, up 3.99 percent compared to the previous year.
HORMUZ ISSUE: The US president said he expected crude prices to drop at the end of the war, which he called a ‘minor excursion’ that could continue ‘for a little while’ The United Arab Emirates (UAE) and Kuwait started reducing oil production, as the near-closure of the crucial Strait of Hormuz ripples through energy markets and affects global supply. Abu Dhabi National Oil Co (ADNOC) is “managing offshore production levels to address storage requirements,” the company said in a statement, without giving details. Kuwait Petroleum Corp said it was lowering production at its oil fields and refineries after “Iranian threats against safe passage of ships through the Strait of Hormuz.” The war in the Middle East has all but closed Hormuz, the narrow waterway linking the Persian Gulf to the open seas,
Nanya Technology Corp (南亞科技) yesterday said the DRAM supply crunch could extend through 2028, as the artificial intelligence (AI) boom has led the world’s major memory makers to dramatically reduce production of standard DRAM and allocate a significant portion of their capacity for high-bandwidth memory (HBM) chips. The most severe supply constraints would stretch to the first half of next year due to “very limited” increases in new DRAM capacity worldwide, Nanya Technology president Lee Pei-ing (李培瑛) told a news briefing. The company plans to increase monthly 12-inch wafer capacity to 20,000 in the first half of 2028 after a
Taiwan has enough crude oil reserves for more than 100 days and sufficient natural gas reserves for more than 11 days, both above the regulatory safety requirement, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday, adding that the government would prioritize domestic price stability as conflicts in the Middle East continue. Overall, energy supply for this month is secure, and the government is continuing efforts to ensure sufficient supply for next month, Kung told reporters after meeting with representatives from business groups at the ministry in Taipei. The ministry has been holding daily cross-ministry meetings at the Executive Yuan to ensure
Property transactions in the nation’s six special municipalities plunged last month, as a lengthy Lunar New Year holiday combined with ongoing credit tightening dampened housing market activity, data compiled by local land administration offices released on Monday showed. The six cities recorded a total of 10,480 property transfers last month, down 42.5 percent from January and marking the second-lowest monthly level on record, the data showed. “The sharp drop largely reflected seasonal factors and tighter credit conditions,” Evertrust Rehouse Co (永慶房屋) deputy research manager Chen Chin-ping (陳金萍) said. The nine-day Lunar New Year holiday fell in February this year, reducing
RSS