The urban land price index for Taipei grew at slightly faster than elsewhere in Taiwan during the second and third quarters of last year, data released by the Ministry of the Interior on Friday showed.
The urban land price index — the weighted average land price of urban areas, which is measured every six months — rose 1.54 percent for Taipei in the April-to-September period compared with the previous six months, the data showed.
The increase reflected a relatively low comparison base in the previous six months, when initial fears over the COVID-19 pandemic hurt the city’s property market, and a stabilization of property prices later in the year, the ministry said in a statement.
Photo: Hsu Yi-ping, Taipei Times
Taipei’s Nangang District (南港) saw the biggest gains of the city’s 12 districts, with its land prices rising 1.86 percent because of improving public transportation and a growing population fueled by development in the district, the ministry said.
The urban land price index for Taiwan as a whole rose 1.04 percent in the April-to-September period compared with the previous six months, and increased 1.21 percent from a year earlier.
The urban land price index is based on the median land price for residential and commercial property and industrial zones in a city or county to show land price fluctuations. The ministry releases the index data twice a year, in January and in July.
As for the five other special municipalities, the index rose 1.3 percent in New Taipei City, 1.09 percent in Tainan, 0.77 percent in Taoyuan, 0.76 percent in Taichung and 0.5 percent in Kaohsiung, the ministry’s data showed.
New Taipei City benefited from efforts to develop the MRT rail system, and Tainan was boosted by large investments in Southern Taiwan Science Park (南部科學園區).
The index for outlying Lienchiang County fell 0.09 percent from the previous period — the only one of Taiwan’s 16 other cities and counties to show a decline in prices.
Taiwan’s foreign exchange reserves hit a record high at the end of last month, surpassing the US$600 billion mark for the first time, the central bank said yesterday. Last month, the country’s foreign exchange reserves rose US$5.51 billion from a month earlier to reach US$602.94 billion due to an increase in returns from the central bank’s portfolio management, the movement of other foreign currencies in the portfolio against the US dollar and the bank’s efforts to smooth the volatility of the New Taiwan dollar. Department of Foreign Exchange Director-General Eugene Tsai (蔡炯民)said a rate cut cycle launched by the US Federal Reserve
The US government on Wednesday sanctioned more than two dozen companies in China, Turkey and the United Arab Emirates, including offshoots of a US chip firm, accusing the businesses of providing illicit support to Iran’s military or proxies. The US Department of Commerce included two subsidiaries of US-based chip distributor Arrow Electronics Inc (艾睿電子) on its so-called entity list published on the federal register for facilitating purchases by Iran’s proxies of US tech. Arrow spokesman John Hourigan said that the subsidiaries have been operating in full compliance with US export control regulations and his company is discussing with the US Bureau of
Pegatron Corp (和碩), a key assembler of Apple Inc’s iPhones, on Thursday reported a 12.3 percent year-on-year decline in revenue for last quarter to NT$257.86 billion (US$8.44 billion), but it expects revenue to improve in the second half on traditional holiday demand. The fourth quarter is usually the peak season for its communications products, a company official said on condition of anonymity. As Apple released its new iPhone 17 series early last month, sales in the communications segment rose sequentially last month, the official said. Shipments to Apple have been stable and in line with earlier expectations, they said. Pegatron shipped 2.4 million notebook
Businesses across the global semiconductor supply chain are bracing themselves for disruptions from an escalating trade war, after China imposed curbs on rare earth mineral exports and the US responded with additional tariffs and restrictions on software sales to the Asian nation. China’s restrictions, the most targeted move yet to limit supplies of rare earth materials, represent the first major attempt by Beijing to exercise long-arm jurisdiction over foreign companies to target the semiconductor industry, threatening to stall the chips powering the artificial intelligence (AI) boom. They prompted US President Donald Trump on Friday to announce that he would impose an additional
RSS