New Taipei City was the most popular destination for relocation among the six special municipalities in the first half of this year, when 46,000 people moved to the city, Great Home Realty Co (大家房屋) said on Tuesday, citing government data.
A total of 659,000 people changed their address nationwide, and New Taipei City stood out as the top choice, compared with Taipei, Taoyuan, Taichung, Tainan and Kaohsiung, Great Home Realty head researcher Mandy Lang (郎美囡) said.
Lang attributed the trend to relatively affordable housing prices and better job opportunity outlook in New Taipei City.
Living in New Taipei City is cheaper than in Taipei, but it is similarly convenient in terms of public transportation and other infrastructure, Lang said.
Communiting to work in Taipei is feasible for residents of New Taipei City and Taoyuan, thanks to the MRT railway serving metropolitan Taipei, she said.
Lang said Tainan and Kaohsiung are expected to become the next trending destinations for relocation, as the two cities have attracted investment plans from major local tech firms.
Property funds have flowed to Tainan and Kaohsiung in the past few years and housing prices have picked up significantly, Lang said.
However, the majority of relocations took place within the same county or city, as people avoid drastic changes, she said.
H&B Realty Co (住商不動產) said relocation numbers might rise in the run-up to local elections in November, a trend seen ahead of past elections.
People must live in a certain district for at least four months before they can vote there, H&B head researcher Jessica Hsu (徐佳馨) said.
Otherwise, job and education concerns dominate relocation decisions, Hsu said.
UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom. The plant in Miaoli County’s Tongluo Township (銅鑼), which Micron acquired from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion, is expected to make a sizeable capacity contribution to the company from fiscal 2028, the company said in a statement. It would be an extended production site of Micron’s large-scale manufacturing hub in Taichung, the company said. As the global semiconductor industry is racing to reach US$1 trillion
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’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
Memory chip stocks extended their losses yesterday after Alphabet Inc’s Google publicized research that could allow more efficient use of the storage needed for artificial intelligence (AI) development. SK Hynix Inc and Samsung Electronics Co, South Korean leaders in the market, fell more than 6 percent and about 5 percent respectively in Seoul. In the US, Micron Technology Inc, Western Digital Corp and Sandisk Corp slid more than 2 percent in pre-market trading, after they all closed lower on Wednesday. Memory companies have been on a tear in recent months as the rapid development of AI infrastructure triggered a spike in chip
RSS