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.
SECOND-RATE: Models distilled from US products do not perform the same as the original and undo measures that ensure the systems are neutral, the US’ cable said The US Department of State has ordered a global push to bring attention to what it said are widespread efforts by Chinese companies, including artificial intelligence (AI) start-up DeepSeek (深度求索), to steal intellectual property from US AI labs, according to a diplomatic cable. The cable, dated Friday and sent to diplomatic and consular posts around the world, instructs diplomatic staff to speak to their foreign counterparts about “concerns over adversaries’ extraction and distillation of US AI models.” Distillation is the process of training smaller AI models using output from larger, more expensive ones to lower the costs of training a powerful new
Micron Technology Inc is a driving force pushing the US Congress to pass legislation that would put new export restrictions on equipment its Chinese competitors use to make their chips, according to people familiar with the matter. A US House of Representatives panel yesterday was to vote on the “MATCH Act,” a bill designed to close gaps in restrictions on chipmaking equipment. It would also pressure foreign companies that sell equipment to Chinese chipmaking facilities to align with export curbs on US companies like Lam Research Corp and Applied Materials Inc. The bill targets facilities operated by China’s ChangXin Memory Technologies Inc
Singapore-based ride-hailing and delivery giant Grab Holdings’ planned acquisition of Foodpanda’s Taiwan operations has yet to enter the formal review stage, as regulators await supplementary documents, the Fair Trade Commission (FTC) said yesterday. Acting FTC Chairman Chen Chih-min (陳志民) told the legislature’s Economics Committee that although Grab submitted its application on March 27, the case has not been officially accepted because required materials remain incomplete. Once the filing is finalized, the FTC would launch a formal probe into the deal, focusing on issues such as cross-shareholding and potential restrictions on market competition, Chen told lawmakers. Grab last month announced that it would acquire
The artificial intelligence (AI) boom has triggered a seismic reshuffling of global equity markets, with Taiwan and South Korea muscling past European nations one by one. With its stock market now valued at nearly US$4.3 trillion, Taiwan surpassed the UK, Europe’s biggest market, earlier this month, data compiled by Bloomberg showed. South Korea is about US$140 billion away from doing the same. The tech-heavy Asian markets have shot past Germany and France in the past seven months. The shift is largely down to massive gains in shares of three companies that provide essential hardware for AI: Taiwan Semiconductor Manufacturing Co (TSMC, 台積電),
RSS