Property transactions in the six special municipalities totaled 18,365 units last month, a 1.5 percent fall from the same period last year, as buying interest picked up in southern Taiwan, but lost steam elsewhere, real-estate brokers said.
Housing deals gained 26 percent in Kaohsiung to 3,808 units, making it the only bright spot, attributable mainly to the completion of a presale residential complex and the inauguration of a pro-business mayor, the nation’s largest broker Evertrust Rehouse Co (永慶房屋) said.
Neighboring Tainan also posted a 6 percent pickup in housing deals to 2,001 last month from a year earlier, according to data from the local government.
Property trading held steady in Taichung with 3,222 units, and declined between 4 percent and 29 percent in Taoyuan, New Taipei City and Taipei, local governments’ data showed.
Taipei reported the sharpest retreat of 29 percent to 2,055 units, as holiday disruptions continued to weigh, Evertrust general manager Yeh Ling-chi (葉凌棋) said, adding that it takes about a month to process the transfer paperwork.
“The market saw a noticeable improvement in March, but the figures may be reflected in April’s data,” Yeh said.
The spring sales season — which spans the final week of last month and the whole of this month — should be busy, as developers and builders launched NT$222.5 billion (US$7.22 billion) of projects, a 6 percent advance from last year, the Chinese-language Housing Monthly (住展雜誌) said.
Real-estate companies may focus their marketing on this spring sales season and stay low-key for the rest of the year, as political uncertainty linked to the presidential election could sideline buyers until after the election in January next year, Yeh said.
In the first quarter, housing transactions rose 1 percent year-on-year to 49,934 units in the six special municipalities, backed almost single-handedly by Kaohsiung’s 16 percent increase, government statistics showed.
Taipei posted a 12 percent decline to 5,771 units in the first quarter, while Taoyuan suffered a 2 percent fall to 7,527 transactions.
Taichung had a flat showing with 9,283 deals and Tainan posted a 2 percent gain to 5,350 units, the government data showed.
Gogoro Inc (睿能創意) yesterday launched its first electric bicycle, the Gogoro Eeyo 1, in Taiwan, after unveiling the bike in New York in late May and in France on Tuesday. The company said it would also introduce the series in other European countries such as Germany and the Netherlands. The “Eeyo project” is the fourth of Gogoro’s eight projects that concentrate on smart transportation, which includes Gogoro’s electric scooter, battery swap system and electric scooter sharing service, company founder and chief executive officer Horace Luke (陸學森) told a media briefing in Taipei. “There are various types of city commuters. We will not
EXPERIMENTAL DRUG: While news about a COVID-19 vaccine is more eye-catching, developing a treatment would be more viable, the Senhwa boss said Senhwa Biosciences Inc (生華科) aims to raise NT$1.5 billion (US$50.57 million) by issuing 15 million new common shares in the third quarter of this year to fund the research of new drugs, including the experimental drug Silmitasertib for the treatment of COVID-19, the company said on Monday. That would be the firm’s largest fundraising effort after it raised more than NT$1.4 billion from an initial public offering on the Taipei Exchange (TPEX) in April 2017, chief financial officer Sarah Chang (張小萍) told the Taipei Times by telephone. The price of the new shares would depend on the firm’s average share price
NOT A PANACEA: Offering 5G services would not solve the problem of declining telecom incomes, chairman Sheih Chi-mau said, expecting a flat 5G telecom revenue Chunghwa Telecom Co (中華電信) yesterday became the nation’s first telecom to debut its 5G services, offering tiered tariffs that include a threshold of NT$599 and flat rates, as it aims to switch half of its subscribers to the 5G network within three years. Subscribers would have unlimited data transmission for monthly fees starting at NT$1,399 — the same flat rate as when the company launched its 4G service in 2014 — and they can subscribe to the highest-rate plan for NT$2,699 per month for faster data transmission speeds and larger bandwidth, the company said. Data transmission speeds would be within the range
STAYING AHEAD: TSMC expects its sales this year to grow 14 to 19 percent and could spend up to US$3.52 billion on research and development, leaving its rivals far behind Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) reported that the US last year approved 99 percent of its patent applications, which placed the tech giant among the top patent holders in the US. In its Corporate Social Responsibility Report, TSMC said it last year secured about 3,600 patents worldwide, including more than 2,300 in the US. As of the end of last year, TSMC owned more than 39,000 patents, the report said. The company last year filed almost 6,500 patent applications worldwide and ranked among the top 10 patent applicants in the US. In Taiwan, it was the largest patent applicant for the fourth