Prices of newly built homes and pre-sale projects in cities and counties in northern Taiwan generally increased slightly in the fourth quarter of last year, indicating a stable property market in those areas, the Chinese-language Housing Monthly (住展雜誌) said.
Data compiled by the magazine covered Taipei, New Taipei City, Taoyuan, Keelung and Hsinchu City, and the counties of Hsinchu and Yilan, which account for more than 50 percent of the total residential and commercial property transactions in the country.
Home prices in Taipei averaged NT$851,000 (US$27,607) per ping (3.3m2), up 2.28 percent from a quarter earlier and 2.16 percent from a year earlier.
It was the first time that home prices in Taiwan have recorded year-on-year growth since the second half of 2014, Housing Monthly research manager Ho Shih-chang (何世昌) said in a statement on Thursday last week.
Prices of newly built homes and units in pre-sale projects moved higher in Taipei in the fourth quarter, Ho said.
In New Taipei City, home prices averaged NT$385,000 per ping, up 1.85 percent quarter-on-quarter, but little changed from a year earlier, the data showed.
The quarter-on-quarter price growth in certain districts, such as Banciao (板橋), Tucheng (土城), Luzhou (蘆洲), Jhonghe (中和), Yonghe (永和) and Tamsui (淡水), appeared more apparent last quarter, Ho said.
Home prices in Taoyuan hit NT$226,000 per ping on average, up 2.73 percent quarterly, but down 0.44 percent annually, with the magazine attributing the quarterly price increase to a decline in the number of homes put up for sale.
In Keelung, home prices averaged NT$209,000 per ping, a quarterly increase of 1.95 percent and an annual increase of 6.63 percent, while those in Hsinchu reached NT$229,000 per ping, up 1.73 percent from a quarter earlier, but unchanged from a year earlier.
Yilan was the only area in northern Taiwan to see home prices fall quarterly and annually to average NT$212,000 per ping, down 0.9 percent from a quarter earlier and 7.8 percent from a year earlier.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Chizuko Kimura has become the first female sushi chef in the world to win a Michelin star, fulfilling a promise she made to her dying husband to continue his legacy. The 54-year-old Japanese chef regained the Michelin star her late husband, Shunei Kimura, won three years ago for their Sushi Shunei restaurant in Paris. For Shunei Kimura, the star was a dream come true. However, the joy was short-lived. He died from cancer just three months later in June 2022. He was 65. The following year, the restaurant in the heart of Montmartre lost its star rating. Chizuko Kimura insisted that the new star is still down
While China’s leaders use their economic and political might to fight US President Donald Trump’s trade war “to the end,” its army of social media soldiers are embarking on a more humorous campaign online. Trump’s tariff blitz has seen Washington and Beijing impose eye-watering duties on imports from the other, fanning a standoff between the economic superpowers that has sparked global recession fears and sent markets into a tailspin. Trump says his policy is a response to years of being “ripped off” by other countries and aims to bring manufacturing to the US, forcing companies to employ US workers. However, China’s online warriors
RSS