Most Taiwanese companies remain positive about the property market and plan to raise their stakes in it in the coming 12 months, a survey released yesterday by Colliers International Taiwan (高力國際) showed.
“Eighty-five percent of respondents held positive views, although most put off investment amid the virus outbreak,” the local branch of the Canadian company said.
Sixty-six percent said they intended to increase their stake in the market and 80 percent believed property prices would remain stable, it added.
Photo: Peter Lo, Taipei Times
Colliers Taiwan surveyed domestic developers, life insurance companies, asset management companies, hotels and manufacturers, as well as influential families and individuals.
Plots of land topped the list for potential investments, followed by office spaces with stable rent incomes and industrial factories, the survey said.
Rent rates are generally expected to increase modestly in the next two years, but a severe lack of supply in popular locations could slow the pace of transactions, it said.
The COVID-19 pandemic is reshaping people’s lifestyles and giving birth to a stay-at-home economy highlighted by online shopping and remote working, Colliers Taiwan said.
The trend has been fueling demand for warehousing and logistics services, making related properties attractive investment targets, the consultancy said.
Taiwan’s low birthrate and aging population are lending support to investments in retirement housing and urban renewal projects, it said.
Interest in retail spaces and hotel buildings has taken a back seat as the sectors have been hit by border controls and movement restrictions during the COVID-19 pandemic, it said.
Developers and life insurance companies are the most avid investors and would take action after the COVID-19 crisis is over, Colliers Taiwan said.
Interest rate hikes and credit controls could affect investment decisions, it added.
The central bank last week left interest rates unchanged at its quarterly board meeting.
Monetary authorities might leave things unchanged for quite a while in the absence of major inflation risks, it said.
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
Starlux Airlines Co (星宇航空) today unveiled a long-haul network expansion plan at a shareholders’ meeting in Taipei, including direct flights to Barcelona, Spain, and Zurich, Switzerland, as well as a service connecting Taipei, Sydney and New Zealand. Starlux is to become the first Taiwanese carrier to offer non-stop services to the two European cities, while the inaugural oceanic route is expected to expand transit opportunities within the Australia-New Zealand market, Starlux said. Flight services to Chicago, Dallas, Washington and New York are under evaluation, the airline added. Prior to the shareholders’ meeting, the airline earlier this year announced that it would be
Taiwanese prosecutors suspect that three people successfully smuggled at least one shipment of Nvidia Corp artificial intelligence (AI) chips to China after first exporting them to Japan, people familiar with the matter said. The trio was detained last week by the Keelung District Prosecutors’ Office for allegedly falsifying documents related to exports of Super Micro Computer Inc servers containing advanced Nvidia chips, which the US has barred from sale to China without a license from Washington. The move marked Taiwan’s first public crackdown on AI chip diversion after years of pressure from the US to take a more active role in curtailing
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) employee bonuses are likely to grow more than 30 percent this year, in line with the past few years as the company’s profits continue to set new records, an anonymous source cited TSMC chairman C.C. Wei (魏哲家) as saying yesterday. TSMC, the world’s largest contract chipmaker, is committed to taking care of its workers, the source said, citing Wei’s meeting with employees yesterday morning. Wei also expressed gratitude to employees for their contribution to the company’s improving bottom line, the source added. Since 2023, TSMC’s employee bonuses have grown at an annual rate of
RSS