Developers and builders are to launch NT$200 billion (US$6.66 billion) of presale projects and new homes in the traditional “hot sales” season that starts on Sept. 28 this year, with small apartments the focal point, the online housing unit of Addcn Technology Co Ltd (數字科技) said in a report.
Government-led urban renewal projects are expected to dominate northern Taiwan, while improving confidence is to underpin the market in the south of the nation during the month-long season, which usually starts in the middle of September.
New construction volume might approach NT$30 billion in Taipei, where a residential complex of nearly 1,000 ping (3,305.8m2) in Wenshan District (文山) is to contribute NT$8 billion alone, the report said.
The complex will offer units of between 25 ping and 55 ping.
Chong Hong Construction Co (長虹建設) is pairing up with one of its peers to offer residential apartments of 28 ping and 68 ping in Taipei’s Zhongshan District (中山).
In New Taipei City, Kindom Construction Corp (冠德建設) will launch a presale project on the site of the former Sindian (新店) administration hall that features mixed-use buildings with residential space priced at NT$700,000 per ping, the report said.
Li Shinn Asset Management Group (立信機構) has NT$4 billion in new housing projects in Banciao District (板橋), while its rivals have two to four-bedroom apartments priced at NT$400,000 per ping, according to the report.
Taichung has the largest volume of homes and projects of the six special municipalities, at NT$50 billion, as property funds flow into central Taiwan, it said.
Cathay Real Estate Development Co (國泰建設), Pau Jar Group (寶佳機構), Ho Yi Construction Co (和宜建設) and Herzu Construction Co (和築建設) all plan to unveil projects in Taichung this month or next.
Listed developers are expected to increase their presence in southern Taiwan with new projects valued at NT$17 billion, the report said.
In Tainan, Highwealth Construction Corp (興富發) has a presale project with 1,100 residential units, which is expected to generate NT$6.5 billion in revenue, it said.
King’s Town Construction Co (京城建設) plans to turn a plot of land of nearly 1,000 ping into a residential complex, while Kuoyang Construction Co (國揚建設) is adding townhouses, the report said.
Taipei-based developer JSL Group (甲山林) is to make its debut in Kaohsiung by launching two projects that could total NT$5 billion in sales, while Highwealth is expected to offer a large residential complex with 500 apartments of between 22 ping and 39 ping near the Kaohsiung Museum of Fine Arts (高雄市立美術館), the report said.
DECOUPLING? In a sign of deeper US-China technology decoupling, Apple has held initial talks about using Baidu’s generative AI technology in its iPhones, the Wall Street Journal said China has introduced guidelines to phase out US microprocessors from Intel Corp and Advanced Micro Devices Inc (AMD) from government PCs and servers, the Financial Times reported yesterday. The procurement guidance also seeks to sideline Microsoft Corp’s Windows operating system and foreign-made database software in favor of domestic options, the report said. Chinese officials have begun following the guidelines, which were unveiled in December last year, the report said. They order government agencies above the township level to include criteria requiring “safe and reliable” processors and operating systems when making purchases, the newspaper said. The US has been aiming to boost domestic semiconductor
Nvidia Corp earned its US$2.2 trillion market cap by producing artificial intelligence (AI) chips that have become the lifeblood powering the new era of generative AI developers from start-ups to Microsoft Corp, OpenAI and Google parent Alphabet Inc. Almost as important to its hardware is the company’s nearly 20 years’ worth of computer code, which helps make competition with the company nearly impossible. More than 4 million global developers rely on Nvidia’s CUDA software platform to build AI and other apps. Now a coalition of tech companies that includes Qualcomm Inc, Google and Intel Corp plans to loosen Nvidia’s chokehold by going
ENERGY IMPACT: The electricity rate hike is expected to add about NT$4 billion to TSMC’s electricity bill a year and cut its annual earnings per share by about NT$0.154 Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has left its long-term gross margin target unchanged despite the government deciding on Friday to raise electricity rates. One of the heaviest power consuming manufacturers in Taiwan, TSMC said it always respects the government’s energy policy and would continue to operate its fabs by making efforts in energy conservation. The chipmaker said it has left a long-term goal of more than 53 percent in gross margin unchanged. The Ministry of Economic Affairs concluded a power rate evaluation meeting on Friday, announcing electricity tariffs would go up by 11 percent on average to about NT$3.4518 per kilowatt-hour (kWh)
OPENING ADDRESS: The CEO is to give a speech on the future of high-performance computing and artificial intelligence at the trade show’s opening on June 3, TAITRA said Advanced Micro Devices Inc (AMD) chairperson and chief executive officer Lisa Su (蘇姿丰) is to deliver the opening keynote speech at Computex Taipei this year, the event’s organizer said in a statement yesterday. Su is to give a speech on the future of high-performance computing (HPC) in the artificial intelligence (AI) era to open Computex, one of the world’s largest computer and technology trade events, at 9:30am on June 3, the Taiwan External Trade Development Council (TAITRA) said. Su is to explore how AMD and the company’s strategic technology partners are pushing the limits of AI and HPC, from data centers to