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.
PRICE HIKES: The war in the Middle East would not significantly disrupt supply in the short term, but semiconductor companies are facing price surges for materials Taiwan’s semiconductor companies are not facing imminent supply disruptions of essential chemicals or raw materials due to the war in the Middle East, but surges in material costs loom large, industry association SEMI Taiwan said yesterday. The association’s comments came amid growing concerns that supplies of helium and other key raw materials used in semiconductor production could become a choke point after Qatar shut down its liquefied natural gas (LNG) production and helium output earlier this month due to the conflict. Qatar is the second-largest LNG supplier in the world and accounts for about 33 percent of global helium output. Helium is
STRONG INTEREST: Analysts have pointed to optimism in TSMC’s growth prospects in the artificial intelligence era as the cause of the rising number of shareholders The number of people holding shares of chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) hit a new high last week despite a decline in its stock price, the Taiwan Depository and Clearing Corp (TDCC, 台灣集保) said. The number of TSMC shareholders rose to 2.46 million as of Friday, up 75,536 from a week earlier, TDCC data showed. The stock price fell 1.34 percent during the same week to close at NT$1,840 (US$57.55). The decline in TSMC’s share price resulted from volatility in global tech stocks, driven by rising international crude oil prices as the war against Iran continues. Dealers said
DOMESTIC COMPONENT: Huang identified several Taiwanese partners to be a key part of Nvidia’s Vera Rubin supply chain, including Asustek, Hon Hai and Wistron Nvidia Corp chief executive officer Jensen Huang (黃仁勳), addressing crowds at the company’s biggest annual event, unveiled a variety of new products while predicting that its flagship artificial intelligence (AI) processors would help generate US$1 trillion in sales through next year. During a two-and-a-half-hour keynote address, Huang announced plans to push deeper into central processing units (CPUs) — Intel Corp’s home turf — and introduced semiconductors made with technology acquired from start-up Groq Inc. The company even said it was developing chips for data centers in outer space. At the heart of Huang’s speech was the message that demand for computing power
OPTIMISTIC: Inflation still has a chance of remaining below the central bank’s 2 percent alert level, as Taiwan’s economy is resilient with healthy exports, the NDC minister said Taiwan’s inflation could exceed 2 percent this year if oil prices continue to surge amid escalating tensions in the Middle East, prompting the government to reassess its economic outlook, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday. DGBAS Minister Chen Shu-tzu (陳淑姿) told lawmakers at a meeting of the legislature’s Finance Committee that the agency’s earlier growth forecast of 1.68 percent in the consumer price index (CPI) and 7.71 percent for GDP this year did not account for the ongoing Middle East conflict and would need revision, if tensions persist. The previous forecast assumed an average international crude price of
RSS