Housing transactions last month totaled 17,591 units in the six special municipalities, down 29.7 percent from one month earlier, as the market started to feel the chilling effect of a local COVID-19 outbreak.
The number represented a 25 percent decline from the same month last year, data from land administration agencies in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung showed.
Sinyi Realty Inc (信義房屋) said the latest data reflect deals that mainly took place in June, as it takes about one month to registers a transaction.
Photo: Hsieh Wu-hsiung, Taipei Times
The market started to improve last month, when the daily number of local COVID-19 infections dropped to between 20 and 30, and the government allowed the conditional reopening of entertainment and recreational facilities last week, Sinyi researcher Tseng Ching-der (曾進德) said yesterday, adding that the government data are a lagging indicator.
Taichung reported the steepest month-on-month decline of 44.1 percent to 2,657 deals, followed by Taipei’s 34.7 percent fall to 1,937 transactions, local government figures showed.
Transactions in Taoyuan and Kaohsiung both shrank 29 percent to 3,011 and 2,981 deals respectively.
The number of transactions in Tainan slid 22 percent to 2,545 units, while New Taipei City posted a 20.5 percent decline to 4,460 deals, data showed.
Tseng said the worst is likely over, judging by house-hunting interest, although uncertainty lingers.
Health authorities yesterday said they would extend the level 2 alert next week, but modestly loosen gathering restrictions for certain venues.
In the first seven months of this year, total transactions in the six cities totaled 152,000 units, up 15.6 percent from a year earlier, data showed.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
RSS