With both take-ups and rents increasing, the office market in Taipei City in the first quarter was healthy and set to improve further in the current quarter, according to a report released by CB Richard Ellis Taiwan yesterday.
The average vacancy rate in the Taipei office market declined by 0.96 percent to 9 percent in the first quarter, while the rent for Grade-A office space increased NT$23 to NT$2,333 per ping (3.3m2), the report said.
The improvement was down to the absence of new prime-located supply in the market, as well as an increasing number of companies seeking to move to quality office space, the real estate consultant and agent said in the report.
Neihu Technology Park (
Meanwhile, CB Richard Ellis Taiwan announced yesterday it would set up an asset services division, to provide maintenance, security and cleaning services to office buildings, shopping malls, high-end residential buildings and schools.
The asset services market is estimated to be worth NT$65 billion this year, and would increase to NT$100 billion by next year, division director Patrick Shih (
Currently, most buildings outsource these services to cleaning and security companies, but they can no longer meet the growing demands of quality buildings, Shih said.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
Gold surged to a fresh record on Friday, fueled by US dollar weakness and low interest rates, while silver headed for its best month since 1979. Spot bullion is up more than 10 percent this month, as US real yields lingered near record lows. While the ferocity of rallies in gold and silver cooled in the middle of the week, most market watchers predict there might be more gains ahead. Both metals have added about 30 percent this year, with gold and silver exchange-traded funds boosting holdings to a record, as concern about the fallout from the COVID-19 pandemic fuels demand for
MOVING FROM CHINA? The article did not name the company, but Foxconn, Wistron and Pegatron were among firms chosen for a production-linked incentive plan in India An Apple Inc vendor is looking at shifting six production lines to India from China, which could result in US$5 billion of iPhone exports from the South Asian nation, the Times of India reported, citing people familiar with the matter who it did not identify. The establishment of the facility would create about 55,000 jobs over about a year, the newspaper reported, not naming the Apple vendor. It would also cater to the domestic market and expand operations to include tablets and laptops, the newspaper reported. Samsung Electronics Co and Apple’s assembly partners are among 22 companies that have pledged 110 billion
MediaTek Inc (聯發科) has hired a former US Department of Commerce official to help it navigate worsening US-China tensions that have already ensnared its customer Huawei Technologies Co (華為). Patrick Wilson, who most recently served as director of the department’s Office of Business Liaison, has been appointed vice president of government affairs at MediaTek USA to lead its public policy initiatives, the chip designer said in a draft press statement seen by Bloomberg News. Wilson previously worked at the Semiconductor Industry Association, where he led the trade group’s dealings with the US federal government. Technology companies with ties to or operations in China