Encouraged by an improving infrastructure, developers have been launching new projects in New Taipei City’s Sinjhuang District (新莊), as the Taipei MRT’s circular line is expected to start service before the end of this year.
Construction of a 15.4km section of the circular line, also known as the first-stage of the Yellow Line, should be completed toward the end of the year, connecting Dapinglin Station to New Taipei Industrial Park Station and covering 14 stops, Shining Building Business Co (鄉林建設) said in a report yesterday.
Housing prices in Sinjhuang rose 12.3 percent from NT$448,000 (US$14,463) per ping (3.3m2) in 2016 to NT$503,000 per ping last quarter, bucking a general decline in the market, the Taichung-based developer said.
The new segment would make it more convenient to commute between Sindian (新店), Jhonghe (中和), Banciao (板橋) and Sinjhuang, it said.
Major developers such as Kindom Construction Corp (冠德建設), Farglory Land Development Co (遠雄建設), Lih Pao Construction Co (麗寶建設) and Ruentex Development Co (潤泰創新) have launched housing projects in emerging urban areas near New Taipei Industrial Park.
Shining is to introduce its fourth residential project in the neighborhood later this month after selling out three apartment complexes over the past three years, it said, adding that more than potential buyers have expressed an interest or made inquiries.
Housing transaction data lent support to Shining’s optimism.
Property deals in New Taipei City totaled 42,428 units in the first three quarters of the year, an increase of 9.3 percent from 38,816 during the same period last year, Shining said, citing official data.
Most transactions are concentrated in areas along the circular line, with the exception of Tamsui (淡水), it said.
Transactions in Banciao soared 64.2 percent to 6,501 units, followed by 5,290 in Tamsui, 3,618 in Jhonghe, 3,581 in Sinjhuang and 3,364 in Sinidian, data showed.
The improvement came even though the market remains soft due to lingering expectations of a price fall, Shining said, attributing Shinjhuang’s growing popularity to the presence of government buildings, the Taiwan Film Institute, the Film Culture Center and other public infrastructure.
Shining’s upcoming venture will be an urban renewal project that is expected to be completed in 2020, allowing buyers to spread the costs over two years’ time, it said.
Located within walking distance from an elementary school, the project features apartments of between 31 ping and 66 ping at prices of NT$480,000 to NT$550,000 per ping, the developer said.
Huawei Technologies Co’s (華為) latest smartphones carry a version of the advanced made-in-China processor it revealed last year, results from an independent analysis showed. This underscored the Chinese company’s ability to sustain production of the controversial chip. The Pura 70 series unveiled last week sports the Kirin 9010 processor, research firm TechInsights found during a teardown of the device. This is a newer version of the Kirin 9000s, made by Semiconductor Manufacturing International Corp (SMIC, 中芯) for the Mate 60 Pro, which had alarmed officials in Washington who thought a 7-nanometer chip was beyond China’s capabilities. Huawei has enjoyed a resurgence since
purpose: Tesla’s CEO sought to meet senior Chinese officials to discuss the rollout of its ‘full self-driving’ software in China and approval to transfer data they had collected Tesla Inc CEO Elon Musk arrived in Beijing yesterday on an unannounced visit, where he is expected to meet senior officials to discuss the rollout of "full self-driving" (FSD) software and permission to transfer data overseas, according to a person with knowledge of the matter. Chinese state media reported that he met Premier Li Qiang (李強) in Beijing, during which Li told Musk that Tesla's development in China could be regarded as a successful example of US-China economic and trade cooperation. Musk confirmed his meeting with the premier yesterday with a post on social media platform X. "Honored to meet with Premier Li
Dutch brewing company Heineken NV on Friday announced an investment of NT$13.5 billion (US$414.62 million) over the next five years in Taiwan. The first multinational brewing company to operate in Taiwan, Heineken made the statement at a ceremony held at its brewery in Pingtung County. It also outlined its efforts to make the brewery “net zero” by 2030. Heineken has been in the Taiwanese market for 20 years, Heineken Taiwan managing director Jeff Wu (吳建甫) said. With strong support from local consumers, the Dutch brewery decided to transition from sales to manufacturing in the country, Wu said. Heineken assumed majority ownership and management rights
GROWTH DRIVERS: The firm expects to benefit from generative AI applications for smartphones, higher average selling price of flagship chips and market share gains Smartphone chip designer MediaTek Inc (聯發科) yesterday said it estimates that revenue would expand at an annual rate of about 15 percent this year, as a proliferation of generative artificial intelligence (AI) applications for premium smartphones are fueling demand for its flagship smartphone chips. It expects its smartphone chip revenue to outgrow the company’s average growth rate this year, benefiting primarily from the higher average selling price of its flagship smartphone chips and market share gains. The flagship chip revenue is to soar 50 percent year-on-year this year, MediaTek told an investor conference yesterday. As a whole, this year’s gross margin is