Shin Ruen Development Co (新潤興業) yesterday signed an agreement with YeaShin International Development Co (亞昕) and Ever Glory Construction Co (長耀建設) to jointly develop a residential complex in New Taipei City’s Banciao District (板橋).
The residential project is to feature apartments with two to three bedrooms and priced between NT$10 million and NT$15 million (US$311,818 and US$467,727) per unit, making them affordable, the Taipei-based Shin Ruen said.
“Affordability sits atop our concerns when we plan this project,” Shin Ruen chairman Ben Huang (黃文辰) said, adding that the project is aimed at first-time buyers and people with relocation needs.
The three builders plan to roll out the project next year as housing transactions are expected to remain sluggish this year, but they will need more time to finalize construction details, such as the number of units, floors and buildings.
Presale residential projects in neighboring areas cost more than NT$600,000 per ping last year and earlier, analysts said.
Market rates have declined for the past year and a half. Recently, a presale project nearby sets its price tags at between NT$420,000 and NT$480,000 per ping to facilitate transactions.
The project sits on a land plot of 1,288 ping (4,250m2) in Banciao’s redevelopment zone, not far from the Jiangzicui MRT Station, the companies said in a statement.
The project is expected to generate total revenue of NT$4.5 billion, it said.
Shin Ruen has focused on redevelopment zones near Taoyuan’s high-speed rail station and New Taipei City’s Danhai New Town in recent years.
Construction on residential projects in the two areas are soon to be completed, allowing the company to book profits, Shin Ruen said.
Shares in Shin Ruen closed up 0.21 percent to NT$24.4 yesterday on the over-the-counter Taipei Exchange.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday said its materials management head, Vanessa Lee (李文如), had tendered her resignation for personal reasons. The personnel adjustment takes effect tomorrow, TSMC said in a statement. The latest development came one month after Lee reportedly took leave from the middle of last month. Cliff Hou (侯永清), senior vice president and deputy cochief operating officer, is to concurrently take on the role of head of the materials management division, which has been under his supervision, TSMC said. Lee, who joined TSMC in 2022, was appointed senior director of materials management and
Nvidia Corp CEO Jensen Huang (黃仁勳) on Thursday met with US President Donald Trump at the White House, days before a planned trip to China by the head of the world’s most valuable chipmaker, people familiar with the matter said. Details of what the two men discussed were not immediately available, and the people familiar with the meeting declined to elaborate on the agenda. Spokespeople for the White House had no immediate comment. Nvidia declined to comment. Nvidia’s CEO has been vocal about the need for US companies to access the world’s largest semiconductor market and is a frequent visitor to China.
Hypermarket chain Carrefour Taiwan and upscale supermarket chain Mia C’bon on Saturday announced the suspension of their partnership with Jkopay Co (街口支付), one of Taiwan’s largest digital payment providers, amid a lawsuit involving its parent company. Carrefour and Mia C’bon said they would notify customers once Jkopay services are reinstated. The two retailers joined an array of other firms in suspending their partnerships with Jkopay. On Friday night, popular beverage chain TP Tea (茶湯會) also suspended its use of the platform, urging customers to opt for alternative payment methods. Another drinks brand, Guiji (龜記), on Friday said that it is up to individual
STABLE RESULTS: Despite June’s lower consolidated revenue, second-quarter sales still reached a record high, driven by demand for chips for AI applications Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported consolidated sales of NT$263.71 billion (US$9.02 billion) for last month, its second-lowest monthly result this year. The world’s largest contract chipmaker said in a statement that its revenue last month only fared better than the NT$260.01 billion posted in February. Last month’s figure rose 26.9 percent from a year earlier, but slumped 17.7 percent from May, the company said. However, second-quarter revenue reached NT$933.8 billion, a record high for a single quarter, company data showed. The figure represented growth of 11.26 percent from the first quarter and 38.6 percent from a year earlier. Previously, TSMC said that
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