Taipei took 11th spot in the latest real-estate investment prospects rankings for the Asia-Pacific region, a survey by PricewaterhouseCoopers (PwC) and the Urban Land Institute showed.
In the “Emerging Trends in Real Estate Asia-Pacific 2021” ranking, Taipei rose three notches from a year earlier to 11th place among 22 cities in the region, due to Taiwan’s efforts to fend off the COVID-19 pandemic, PwC said.
Taipei has also enjoyed ample liquidity, and the investment prospects in the city’s real-estate market have been recognized by many investors, it said.
Photo: Cheng I-hwa, Bloomberg
“Certainly, in a handful of Asia-Pacific cities where the impact of COVID-19 is currently minimal, there has been little sign of slowing demand. Taipei is one market where leasing activity remains solid,” PwC said in a report on the survey.
Taipei was at the bottom in 22nd place in 2017 and 2018, and ranked No. 21 last year, before taking 14th position this year, PwC said.
Singapore, Tokyo and Sydney took the top three spots respectively, while Seoul was in fourth place, the survey found.
Shanghai was seventh, Shenzhen ninth and Beijing 12th, while Hong Kong was last.
PwC said the poll highlighted the evolving trends shaping the real-estate industry in the Asia-Pacific.
The report on the survey included proprietary data and insights from 391 leading real-estate industry experts in the region.
RECORD BUDGET: TSMC does plan to raise its proposed capital expenditure a lot, and could benefit if Intel outsources more of its production to foundries, analysts said Intel Corp’s earnings conference call on Thursday is expected to clarify the US semiconductor giant’s outsourcing production plans, which would be crucial regarding Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) performance, analysts said. “TSMC stands to benefit if Intel outsources more of its fabrication to foundries,” SinoPac Securities Investment Service Corp (永豐投顧) analysts said in a note on Friday. Yuanta Securities Investment Consulting Co (元大投顧) was more cautious, saying that Intel’s contribution initially would be limited, but its outsourcing plans would still highlight TSMC’s leadership in technology, it added. “Intel will continue to manufacture server or high-end central processing units [CPUs], which have higher
MediaTek Inc (聯發科) yesterday announced it would give incentive bonuses totaling NT$1.7 billion (US$59.7 million) to its employees and those at the firm’s major subsidiaries, after the smartphone chip supplier’s revenue hit US$10 billion last year. This is the biggest incentive bonus the Hsinchu-based handset chip designer has ever distributed in its 23-year history. About 17,000 full-time employees of MediaTek and five of its subsidiaries, including Richtek Technology Corp (立錡科技) and Airoha Technology Corp (絡達科技), would receive a “red envelope” of NT$100,000 each, the company said. “Surpassing US$10 billion is just the beginning. We will continue to [grow] on this basis,” MediaTek
TO SPUR REVENUE: The contract chipmaker expects its profit to grow 15 percent this year, outpacing the foundry industry’s projected advance of about 10 percent Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday raised its projected capital spending for this year by 62 percent, a new high, in an attempt to satisfy customer demand for advanced technologies in the production of central processing units, high-performance-computing (HPC) devices and 5G applications. After investing US$17.24 billion last year, TSMC this year plans to spend US$25 billion to US$28 billion on manufacturing equipment and new facilities, including a fab in the US. About 80 percent of the budget would be allocated for developing advanced technologies including 3, 5 and 7-nanometer technologies, the company said. The larger-than-expected capital spending prompted speculation
Norway’s oil and gas reserves have made it one of the world’s wealthiest countries, but its dreams for deep-sea discovery now center on something different. This time, Oslo is looking for a leading role in mining copper, zinc and other metals found on the seabed and in hot demand in green technologies. The country could license companies for deep-sea mining as early as 2023, the Norwegian Ministry of Petroleum and Energy said, potentially placing it among the first countries to harvest seabed metals for electric vehicle batteries, wind turbines and solar farms. However, that could also place it on the front line of