Housing in the nation is increasingly aging, with the average age of properties reaching 29.5 years in the first half of this year, raising concerns over the safety of older buildings, property brokers said.
As of June, there were 8.54 million properties in Taiwan, with an average age of 29.5 years, Ministry of the Interior statistics showed.
Properties 40 years and older accounted for 21 percent of the total, or an increase of 190,000 units to 1.79 million, the data showed, suggesting that one in five existing homes are older than the requirement for urban renewal.
The government has introduced preferential floor space terms and other incentives for urban renewal bids involving older properties.
Buildings declared dangerous due to earthquakes or other reasons also qualify for encouragement measures.
However, successful cases have been rare over the past few years due to the difficulty of winning support from all owners and lengthy regulatory reviews, Taiwan House Realty Co (台灣房屋) said.
Properties in Taipei are the oldest, with an average age of 33, followed by Tainan at 31, government data showed.
The average age rose to more than 26 years for properties in Kaohsiung, New Taipei City and Taichung, the data showed.
Properties in Taoyuan are on average 24.4 years old due to the relatively recent arrival of property funding, Taiwan Realty said.
Taiwan Realty forecast that homeowners would show more support for urban renewal as houses grow older and more vulnerable.
Taipei and New Taipei City have the highest density of old houses with 263,000 and 267,000 units 40 years and older respectively, government data found. Kaohsiung ranked third with 215,000 units.
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
‘ONE-STOCK SHOW’: Turnover hit an all-time high as TSMC continued to determine the local market’s direction and surpassed Visa in market capitalization The TAIEX early yesterday hit an all-time intraday high on the back of soaring Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) shares, before tumbling back to the previous day’s close as the contract chipmaker could not single-handedly prop up the index. The TAIEX rose more than 400 points in the first 20 minutes of trading to hit a record 13,031.7 points, but later pared its gains to close down 0.01 percent at 12,586.73. Turnover was NT$343.252 billion (US$11.63 billion), the highest in the Taiwan Stock Exchange’s history. TSMC continued to dictate the market’s direction, as its early surge by the daily
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
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