The value of new presale and housing products launched last quarter totaled NT$324.8 billion (US$11.43 billion), a 9.2 percent increase from a year earlier, a survey released by Cathay Real Estate Development Co (國泰建設) showed on Wednesday.
“The market is recovering, as we can see from the trading volume and prices,” Cathay Real Estate said in a quarterly report.
Presale and new housing prices averaged NT$300,200 per ping (3.3m2) nationwide last quarter, it said.
Photo: CNA
Prices in Taipei grew faster than in other areas, to NT$865,800 per ping, while prices reached NT$400,300 per ping in New Taipei City, Cathay Real Estate said.
Housing prices are relatively affordable at NT$267,200 per ping in Taoyuan, NT$257,100 per ping in Taichung, NT$235,300 per ping in Tainan and NT$239,600 per ping in Kaohsiung, it said.
Apartment prices rose 9.3 percent year-on-year across Taiwan, with price increases of 6.47 percent in Taichung and 13.63 percent in Tainan, it said.
However, New Taipei City bucked the uptrend with a 1.29 percent decline, Cathay Real Estate added.
While apartments are the dominant housing type in northern Taiwan, and townhouses are more common in the south, it said.
Overall, the market remained healthy after the central bank in early December introduced new credit controls to curb property speculation and the legislature passed rules requiring greater transparency on transaction data, Cathay Real Estate said.
The National Development Council’s plan to create a business climate index to monitor changes in the housing market would help policymakers better understand developments in the sector, it said.
SECOND-RATE: Models distilled from US products do not perform the same as the original and undo measures that ensure the systems are neutral, the US’ cable said The US Department of State has ordered a global push to bring attention to what it said are widespread efforts by Chinese companies, including artificial intelligence (AI) start-up DeepSeek (深度求索), to steal intellectual property from US AI labs, according to a diplomatic cable. The cable, dated Friday and sent to diplomatic and consular posts around the world, instructs diplomatic staff to speak to their foreign counterparts about “concerns over adversaries’ extraction and distillation of US AI models.” Distillation is the process of training smaller AI models using output from larger, more expensive ones to lower the costs of training a powerful new
Shares of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) have repeatedly hit new highs, but an equity analyst said the stock’s valuation remains within a reasonable range and any pullback would likely be technical. The contract chipmaker’s historical price-to-earnings (P/E) ratio has ranged between 20 and 30, Cathay Futures Consultant Co (國泰證期) analyst Tsai Ming-han (蔡明翰) told Central News Agency. With market consensus projecting that TSMC would post earnings per share of about NT$100 (US$3.17) this year, supported by strong global demand for artificial intelligence (AI) applications, and the stock currently trading at a P/E ratio of below 25, Tsai said the valuation
The artificial intelligence (AI) boom has triggered a seismic reshuffling of global equity markets, with Taiwan and South Korea muscling past European nations one by one. With its stock market now valued at nearly US$4.3 trillion, Taiwan surpassed the UK, Europe’s biggest market, earlier this month, data compiled by Bloomberg showed. South Korea is about US$140 billion away from doing the same. The tech-heavy Asian markets have shot past Germany and France in the past seven months. The shift is largely down to massive gains in shares of three companies that provide essential hardware for AI: Taiwan Semiconductor Manufacturing Co (TSMC, 台積電),
The US Department of Commerce last week ordered multiple chip equipment companies to halt shipments of certain tools to China’s second-largest chipmaker, Hua Hong Semiconductor Ltd (華虹半導體), its latest action to slow the country’s development of advanced chips, two people familiar with the matter said. The department sent letters to at least a handful of companies informing them of restrictions on tools and other materials destined for two Hua Hong facilities US officials believe make China’s most sophisticated chips, the people said. Top US chip equipment companies Lam Research Corp, Applied Materials Inc and KLA Corp, each of which has significant
RSS