Residential and commercial property transactions in Taiwan’s six special municipalities last month rose almost 28 percent from a year earlier, despite government measures to rein in market speculation.
Transactions of homes, offices and shops in the six municipalities — Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung — totaled 22,520 units, up 27.9 percent from a year earlier, data released by the city governments showed.
However, the number of transactions was down 0.2 percent from the previous month.
Photo: CNA
In the first four months of this year, housing transactions in the six municipalities rose 19.3 percent from a year earlier to 84,677 units, with Kaohsiung recording the highest year-on-year growth at 24.7 percent.
Taiwan Realty Enterprise Group (台灣房屋集團) section chief Charlene Chang (張旭嵐) said that the year-on-year growth partly reflected a relatively low base of comparison from the same period last year.
It was also the result of high demand from people wanting to buy homes for their own use, Chang said.
Among the government’s measures to reverse a sustained increase in home prices, the central bank set a ceiling of 40 percent of a home’s value for mortgages for corporate buyers or other legal entities.
In terms of luxury homes, the mortgage cap was lowered from 60 percent to 55 percent for people buying their first, second or third home, and from 60 percent to 40 percent for any purchase beyond a third home.
Those measures might have slightly dampened investor interest, but demand remained strong among other consumer segments.
In Taipei, housing transactions totaled 2,712 units last month, up 17.4 percent from a year earlier, but down 3.3 percent from a month earlier, the data showed.
New Taipei City recorded the most residential and commercial sales at 6,325 units, up 37.8 percent from a year earlier and 9.1 percent from a month earlier, the data showed.
In Taoyuan, housing transactions hit 3,757 units, an increase of 13.4 percent from a year earlier, but a decline of 6.2 percent from a month earlier, while sales in Taichung totaled 3,864 units, up 28.5 percent from a year earlier, but down 8.6 percent from a month earlier.
Housing transactions in Tainan reached 2,143 units, up 26.3 percent from a year earlier and 4 percent from a month earlier, while sales in Kaohsiung totaled 3,719 units, an increase of 38.6 percent from a year earlier and 1 percent from a month earlier.
Sinyi Realty Inc (信義房屋) research manager Tseng Ching-der (曾敬德) said the number of newly built homes in the first quarter rose about 4,000 units from a year earlier, which paved the way for more transactions in the quarter and helped stabilize the property markets in the six municipalities.
H&B Business Group research department head Jessica Hsu (徐佳馨) said Taiwan’s low interest rates are expected to support the property market, despite the government’s efforts to curb market speculation.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday said its materials management head, Vanessa Lee (李文如), had tendered her resignation for personal reasons. The personnel adjustment takes effect tomorrow, TSMC said in a statement. The latest development came one month after Lee reportedly took leave from the middle of last month. Cliff Hou (侯永清), senior vice president and deputy cochief operating officer, is to concurrently take on the role of head of the materials management division, which has been under his supervision, TSMC said. Lee, who joined TSMC in 2022, was appointed senior director of materials management and
Nvidia Corp CEO Jensen Huang (黃仁勳) on Thursday met with US President Donald Trump at the White House, days before a planned trip to China by the head of the world’s most valuable chipmaker, people familiar with the matter said. Details of what the two men discussed were not immediately available, and the people familiar with the meeting declined to elaborate on the agenda. Spokespeople for the White House had no immediate comment. Nvidia declined to comment. Nvidia’s CEO has been vocal about the need for US companies to access the world’s largest semiconductor market and is a frequent visitor to China.
Hypermarket chain Carrefour Taiwan and upscale supermarket chain Mia C’bon on Saturday announced the suspension of their partnership with Jkopay Co (街口支付), one of Taiwan’s largest digital payment providers, amid a lawsuit involving its parent company. Carrefour and Mia C’bon said they would notify customers once Jkopay services are reinstated. The two retailers joined an array of other firms in suspending their partnerships with Jkopay. On Friday night, popular beverage chain TP Tea (茶湯會) also suspended its use of the platform, urging customers to opt for alternative payment methods. Another drinks brand, Guiji (龜記), on Friday said that it is up to individual
STABLE RESULTS: Despite June’s lower consolidated revenue, second-quarter sales still reached a record high, driven by demand for chips for AI applications Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported consolidated sales of NT$263.71 billion (US$9.02 billion) for last month, its second-lowest monthly result this year. The world’s largest contract chipmaker said in a statement that its revenue last month only fared better than the NT$260.01 billion posted in February. Last month’s figure rose 26.9 percent from a year earlier, but slumped 17.7 percent from May, the company said. However, second-quarter revenue reached NT$933.8 billion, a record high for a single quarter, company data showed. The figure represented growth of 11.26 percent from the first quarter and 38.6 percent from a year earlier. Previously, TSMC said that
RSS