Sinyi Realty Inc’s (信義房屋) transactions in the Japanese market have grown at a faster pace over the past six months than they did in the whole of last year, demonstrating how the weakening yen has boosted investment interest in Japanese property, the broker said yesterday.
The real-estate broker’s Tokyo branch reported 177 deals in the period from January to this month with an aggregate value of NT$19.88 million (US$655,000), compared with 173 deals sized at NT$15.1 million for the whole last year, Sinyi Tokyo managing director Kenny Ho (何偉宏) told a media briefing in Taipei.
“The figures lend support to [the rising value of] Japanese properties,” whose prices have yet to show a significant recovery from a decade-long correction, Ho said.
Sinyi’s Tokyo office saw 40 percent more prospective buyers from Taiwan this year than last year, mostly middle-aged property investors with business interests in non-technology sectors, Ho said.
The broker attributed the increase in buying interest to Japan’s aggressive monetary easing measures, which have rendered Japanese real estate significantly cheaper, as well as to excess liquidity and low borrowing costs.
Lower home costs have altered buyers’ motivations, leading to an increasing number of potential buyers who are after long-term capital gains instead of rental yields, and are therefore willing to look at properties with higher price tags, Ho said.
“It is unlikely that the price of Japanese real estate will go down, given the Japanese government’s resolve to stimulate economic growth,” Ho said.
Property prices in Japan’s central business districts have picked up 4 percent to 5 percent since the fourth quarter of last year, when Japanese Prime Minister Shinzo Abe pledged bold stimulus measures to boost the country’s economy, Sinyi project manager Lee Chien-yi (李芊億) said.
Interest rates for home mortgage loans hover at about 2.5 percent in Japan, but owners of houses that are 25 years old and older may not secure bank loans, Lee said.
Taiwanese buyers in the market can seek loans from the Japanese branches of First Commercial Bank (第一銀行), Chinatrust Commercial Bank (中信銀行), Chang Hwa Commercial Bank (彰化銀行), Bank of Taiwan (台灣銀行) and Mega International Commercial Bank (兆豐國際商銀), Lee said, adding that there is little room for price haggling in Japan.
Sinyi Realty shares closed up 0.57 percent at NT$53.40 yesterday, outperforming the TAIEX’s 0.45 percent fall, Taiwan Stock Exchange’s statistics show.
The company posted NT$984.97 million in revenue last month, down 8.66 percent from April and 2.33 percent from the year earlier, company data showed.
On June 14, the company received shareholders’ approval to distribute a cash dividend of NT$1.50 and a stock dividend of 8 percent based on last year’s earnings of NT$1.35 billion, Sinyi said in a statement.
DAMAGE REPORT: Global central banks are assessing war-driven inflation risks as the law of unintended consequences careens around the world, spiking oil prices Central banks from Washington to London and from Jakarta to Taipei are about to make their first assessments of economic damage after more than two weeks of conflict between the US and Iran. Decisions this week encompassing every member of the G7 and eight of the world’s 10 most-traded currency jurisdictions are likely to confirm to investors that the specter of a new inflation shock is already worrying enough to prompt heightened caution. The US Federal Reserve is widely expected to do exactly what everyone anticipated weeks ahead of its March 17-18 policy gathering: hold rates steady. The narrative surrounding that
Apple Inc increased iPhone production in India by about 53 percent last year and now makes a quarter of its marquee devices there, reflecting the US company’s efforts to avoid tariffs on China. The company assembled about 55 million iPhones in India last year, up from 36 million a year earlier, people familiar with the matter said, asking not to be named because the numbers aren’t public. Apple makes about 220 million to 230 million iPhones a year globally, with India’s share of the total increasing rapidly. Apple has accelerated its expansion in the world’s most populous country in recent years, bolstered
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) share of the global foundry market rose to almost 70 percent last year amid booming demand for artificial intelligence (AI), market information advisory firm TrendForce Corp (集邦科技) said on Thursday. The contract chipmaker posted US$122.54 billion in revenue, up 36.1 percent from a year earlier, accounting for 69.9 percent of the global market, TrendForce said. Its share was up from 64.4 percent in 2024, it said. TSMC’s closest rival, Samsung Electronics, was a distant second, posting US$12.63 billion in sales, down 3.9 percent from a year earlier, for a 7.2 percent share of the global market. In the
HEADWINDS: The company said it expects its computer business, as well as consumer electronics and communications segments to see revenue declines due to seasonality Pegatron Corp (和碩) yesterday said it aims to grow its artificial intelligence (AI) server revenue more than 10-fold this year from last year, driven by orders from neocloud solutions clients and large cloud service providers. The electronics manufacturing service provider said AI server revenue growth would be driven primarily by the Nvidia Corp GB300 server platform. Server shipments are expected to increase each quarter this year, with the second half likely to outperform the first half, it said. The AI server market is expected to broaden this year as more inference applications emerge, which would drive demand for system-on-chip, application-specific integrated circuits
RSS