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.
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.
UNWANTED ATTENTION: In the past two months, the automaker has made headlines, with a Chinese military ban of its vehicles and a protest at an expo Electric vehicle maker Tesla Inc, facing scrutiny in China over safety and customer service complaints, is boosting its engagement with regulators and beefing up its government relations team, industry sources said. Tesla’s change of strategy leading to more behind-the-scenes interaction with policymakers in Beijing compared with relatively little previously shows the seriousness with which the US automaker views the setbacks in its second-biggest market. TALKING SHOP It also comes at a time when China is trying to regulate large and powerful private companies, especially in the technology sector, on concerns about their market dominance. As they do elsewhere, regulators in China, the world’s biggest
Dell Technologies Inc has agreed to sell its Boomi cloud business to private equity firms Francisco Partners and TPG in a cash deal valued at US$4 billion, as part of efforts by chief executive officer Michael Dell to trim down the PC maker. The deal is expected to close by the end of this year, the companies said in a statement on Sunday without providing additional details of the terms. Dow Jones had earlier reported that the companies were near a deal. Boomi specializes in integrating different cloud platforms for companies and has more than 15,000 customers. Dell agreed to acquire the company for
Intel Corp wants 8 billion euros (US$9.7 billion) in public subsidies toward building a semiconductor factory in Europe, chief executive officer Pat Gelsinger was cited as saying on Friday, as the region seeks to reduce its reliance on imports amid a shortage of supplies. The pitch is the first time that Gelsinger has publicly put a figure on how much state aid he would want, as Intel campaigns to take on Asian rivals in contract manufacturing. “What we’re asking from both the US and the European governments is to make it competitive for us to do it here, compared to in Asia,”
GlobalWafers Co (環球晶圓), the world’s No. 3 silicon wafer supplier, yesterday said that it is considering further capacity expansion as customers are requesting more capacity due to rising end-market demand and persistent supply constraints. The Hsinchu-based company said that emerging technologies and applications from 5G, artificial intelligence and electric vehicles are driving semiconductor demand. The semiconductor industry has a positive outlook for this year and beyond, with shipments of all diameters of wafers to increase through 2023, GlobalWafers said. “We have received requests for expansion from many strategic partners. We are now in discussions with customers,” company chairwoman Doris Hsu (徐秀蘭) told a