Developers and builders are to launch presale housing projects worth NT$144.02 billion (US$4.69 billion) in northern Taiwan this fall, a 12 percent gain from the same season last year and seemingly unaffected by uncertainty over the US-China trade war, a survey published last week by Chinese-language Housing Monthly (住展雜誌) showed.
Although the amount of presale housing projects coming on the market is to be the highest in five years, sales are forecast to be lower than in spring, as sellers remained upbeat, but would nevertheless be cautious ahead of the Nov. 24 nine-in-one elections, the magazine said.
“The elections are proving hotter than expected in some constituencies, prompting developers to put off project launches,” Housing Monthly research manager Ho Shih-chang (何世昌) said, adding that the trade war creates uncertainty about market sentiment.
New Taipei City reported the most presale projects by value, at NT$71 billion, mainly in Sinjhuang (新莊), Sindian (新店), Banciao (板橋) and Tucheng (土城) districts, where rezoning has allowed the construction of housing developments on formerly off-limits plots of land, Ho said.
Taipei ranked second, with NT$27.3 billion in projects coming on the market, the magazine said, adding that Neihu District (內湖) reported four presale projects, while central Daan District (大安) reported the largest volume of NT$7 billion.
Rezoning is also at the base of presale projects in Taoyuan, where two developments near the National Sports University MRT Station account for NT$13 billion, or more than 50 percent, of housing coming on the market, Housing Monthly said.
Presale projects in Hsinchu County cluster around Sinpu Township (新埔), thanks to the development of a large townhouse complex, the magazine said.
Yilan County reported new housing projects worth NT$600 million as sluggish transactions and price declines continued to drive developers away from the area, it said.
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