Studio prices in Taipei’s popular school districts have risen to a new high as Taiwanese parents seek to win residency qualifications for their children following the introduction of the 12-year compulsory education program, Taiwan Realty Co (台灣房屋) said yesterday.
Several pre-sale studio units in the city’s Daan District (大安) were traded at NT$1.6 million (US$53,000) per ping (3.3m2) in June, according to the government’s real-price transaction data released yesterday.
Studios that measure between 8.6 ping and 12.56 ping cost between NT$12.8 million and NT$20.5 million, data showed.
“Studios of such size are too small to house a family, but enable residents to win qualification for their children to go to schools in the vicinity,” Taiwan Realty spokeswoman Charlene Chang (張旭嵐) said.
Many students vie to study at Affiliated Senior High School of National Taiwan Normal University, known as HSNU, one of the highest-ranking high schools in Taiwan.
The competition to get into HSNU is fierce, as the High-School Entrance Exam scores of admitted students are typically among the top 3 percent in the country.
However, this year, many students won admission without the entrance exam thanks to the extension of compulsory education to 12 years from the previous nine, Chang said.
Taipei Mayor Hau Lung-bin (郝龍斌) promised to keep the exam-free admission ratio at more than 50 percent in the future, after parents and students called for reform in protests over the new entrance mechanism.
Concerns over school districts aside, studios in Daan District might benefit from capital gains, given their close proximity to Daan Forest Park and with the MRT Xinyi Line now in service, Chang said.
However, prominent owners of luxury homes are seeking to cash out as the government deepens credit controls and other tightening measures.
Fubon Financial Holding Co (富邦金控) chairman Daniel Tsai (蔡明忠) and his brother Richard Tsai (蔡明興) sold three luxury housing apartments in downtown Taipei in May, data showed.
Hsu Hsien-hsien (許嫺嫺), the wife of Shin Kong Financial Holding Co (新光金控) chairman Eugene Wu (吳東進), sold a luxury apartment in June.
Kwong Fong Industries Group (廣豐實業) chairman Ho Ming-yu (賀鳴玉) also sold an apartment unit in the Palace complex (帝寶) on Renai Road (仁愛路) according to government data.
LIMITED IMPACT: Investor confidence was likely sustained by its relatively small exposure to the Chinese market, as only less advanced chips are made in Nanjing Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) saw its stock price close steady yesterday in a sign that the loss of the validated end user (VEU) status for its Nanjing, China, fab should have a mild impact on the world’s biggest contract chipmaker financially and technologically. Media reports about the waiver loss sent TSMC down 1.29 percent during the early trading session yesterday, but the stock soon regained strength and ended at NT$1,160, unchanged from Tuesday. Investors’ confidence in TSMC was likely built on its relatively small exposure to the Chinese market, as Chinese customers contributed about 9 percent to TSMC’s revenue last
With this year’s Semicon Taiwan trade show set to kick off on Wednesday, market attention has turned to the mass production of advanced packaging technologies and capacity expansion in Taiwan and the US. With traditional scaling reaching physical limits, heterogeneous integration and packaging technologies have emerged as key solutions. Surging demand for artificial intelligence (AI), high-performance computing (HPC) and high-bandwidth memory (HBM) chips has put technologies such as chip-on-wafer-on-substrate (CoWoS), integrated fan-out (InFO), system on integrated chips (SoIC), 3D IC and fan-out panel-level packaging (FOPLP) at the center of semiconductor innovation, making them a major focus at this year’s trade show, according
DEBUT: The trade show is to feature 17 national pavilions, a new high for the event, including from Canada, Costa Rica, Lithuania, Sweden and Vietnam for the first time The Semicon Taiwan trade show, which opens on Wednesday, is expected to see a new high in the number of exhibitors and visitors from around the world, said its organizer, SEMI, which has described the annual event as the “Olympics of the semiconductor industry.” SEMI, which represents companies in the electronics manufacturing and design supply chain, and touts the annual exhibition as the most influential semiconductor trade show in the world, said more than 1,200 enterprises from 56 countries are to showcase their innovations across more than 4,100 booths, and that the event could attract 100,000 visitors. This year’s event features 17
Hon Hai Precision Industry Co (鴻海精密), which assembles servers for Nvidia Corp, yesterday said that revenue last month rose 10.61 percent year-on-year, driven by strong growth in cloud and networking products amid continued front-loading orders for artificial intelligence (AI) server racks. Consolidated revenue expanded to NT$606.51 billion (US$19.81 billion) last month from NT$548.31 billion a year earlier, marking the highest ever in August, the company said in a statement. On a monthly basis, revenue was down 1.2 percent from NT$613.86 billion. Hon Hai, which is also a major iPhone assembler, added that its electronic components division saw significant revenue growth last month, boosted
RSS