Formosa Plastics Group (FPG, 台塑集團) has sold some 35 percent of an 85 hectare land lot in the Taoyuan High-Tech Industrial Park (桃園科技工業園區) in Guanyin Township (觀音) to several domestic high-tech companies, the realtor arranging the deal said yesterday.
The deal’s closing price has reached NT$42,000 (US$1,295) per ping (3.3m2) so far, DTZ Debenham Tie Leung (戴德梁行) realty general manager Billy Yen (顏炳立) told a roadshow in Taipei.
DTZ declined to confirm whether Chinese companies had closed any land sales after the realtor claimed to have received keen interest from its three roadshows in Beijing, Shanghai and Shenzhen earlier this month.
“Several of them [Chinese businesses] are still in a [price] negotiation process,” another DTZ manager said, reiterating the firm’s optimism in the nation’s property market once Taiwan opens its market to Chinese businesses.
DTZ expects the land deal to fetch NT$10.8 billion in total before the end of the year.
Prospective buyers may be entitled to bank loans of between 50 percent and 70 percent of the purchased land’s value and another 60 percent to 80 percent loan for the cost of factory construction projects, the realtor added.
Stephen Garrett, a 27-year-old graduate student, always thought he would study in China, but first the country’s restrictive COVID-19 policies made it nearly impossible and now he has other concerns. The cost is one deterrent, but Garrett is more worried about restrictions on academic freedom and the personal risk of being stranded in China. He is not alone. Only about 700 American students are studying at Chinese universities, down from a peak of nearly 25,000 a decade ago, while there are nearly 300,000 Chinese students at US schools. Some young Americans are discouraged from investing their time in China by what they see
MAJOR DROP: CEO Tim Cook, who is visiting Hanoi, pledged the firm was committed to Vietnam after its smartphone shipments declined 9.6% annually in the first quarter Apple Inc yesterday said it would increase spending on suppliers in Vietnam, a key production hub, as CEO Tim Cook arrived in the country for a two-day visit. The iPhone maker announced the news in a statement on its Web site, but gave no details of how much it would spend or where the money would go. Cook is expected to meet programmers, content creators and students during his visit, online newspaper VnExpress reported. The visit comes as US President Joe Biden’s administration seeks to ramp up Vietnam’s role in the global tech supply chain to reduce the US’ dependence on China. Images on
New apartments in Taiwan’s major cities are getting smaller, while old apartments are increasingly occupied by older people, many of whom live alone, government data showed. The phenomenon has to do with sharpening unaffordable property prices and an aging population, property brokers said. Apartments with one bedroom that are two years old or older have gained a noticeable presence in the nation’s six special municipalities as well as Hsinchu county and city in the past five years, Evertrust Rehouse Co (永慶房產集團) found, citing data from the government’s real-price transaction platform. In Taipei, apartments with one bedroom accounted for 19 percent of deals last
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