Residential and commercial property transactions in the six special municipalities totaled about 19,000 units last month, up 3.7 percent from July and 14.4 percent from a year earlier, data released by the local governments on Wednesday last week showed.
An increase in the supply of pre-sale units, more working days per month and the stabilization of sales in Tainan and Kaohsiung led to the higher number of transactions last month, Sinyi Realty Inc (信義房屋) research manager Tseng Ching-der (曾敬德) said.
Housing sales last month in Tainan rose 9.9 percent monthly to 2,017 units, and in Kaohsiung they rebounded 9.1 percent to 2,925 units, following declines in July of 18.2 percent and 20.2 percent respectively, the data showed.
Photo: CNA
The sales rebound in Tainan came amid increased home construction in some areas — in Annan District (安南) — in particular, and a rebound in purchases in districts near the Southern Taiwan Science Park (南部科學園區), Taiwan Realty Co (台灣房屋) said.
Housing transactions last month in Annan totaled 390 units, up 12.7 percent from July, the most of any district in Tainan, ahead of Yongkang District (永康) with 241 units and Anping District (安平) with 186 units.
In Kaohsiung, the increase last month came mainly from buyers looking for homes for their own use, Taiwan Realty said.
In Taipei, housing sales fell 1.6 percent from July to 2,236 units, while transactions in New Taipei City dropped 4.9 percent to 4,468 units, data showed.
Property sales in Taoyuan totaled 3,482 units, down 1.6 percent from July, while transactions in Taichung rose 16.7 percent to 4,027 due to booming pre-sales, data indicated.
Housing transactions in the six municipalities from Jan. 1 to Aug. 31 totaled 169,137 units, up 0.2 percent from a year earlier.
Evertrust Rehouse Co (永慶房屋) research manager Chen Chin-ping (陳金萍) said she has a cautious outlook for housing transactions in Taiwan over the rest of the year because of rising interest rates worldwide.
US sports leagues rushed to get in on the multi-billion US dollar bonanza of legalized betting, but the arrest of an National Basketball Association (NBA) coach and player in two sprawling US federal investigations show the potential cost of partnering with the gambling industry. Portland Trail Blazers coach Chauncey Billups, a former Detroit Pistons star and an NBA Hall of Famer, was arrested for his alleged role in rigged illegal poker games that prosecutors say were tied to Mafia crime families. Miami Heat guard Terry Rozier was charged with manipulating his play for the benefit of bettors and former NBA player and
The DBS Foundation yesterday announced the launch of two flagship programs, “Silver Motion” and “Happier Caregiver, Healthier Seniors,” in partnership with CCILU Ltd, Hondao Senior Citizens’ Welfare Foundation and the Garden of Hope Foundation to help Taiwan face the challenges of a rapidly aging population. The foundation said it would invest S$4.91 million (US$3.8 million) over three years to foster inclusion and resilience in an aging society. “Aging may bring challenges, but it also brings opportunities. With many Asian markets rapidly becoming super-aged, the DBS Foundation is working with a regional ecosystem of like-minded partners across the private, public and people sectors
BREAKTHROUGH TECH: Powertech expects its fan-out PLP system to become mainstream, saying it can offer three-times greater production throughput Chip packaging service provider Powertech Technology Inc (力成科技) plans to more than double its capital expenditures next year to more than NT$40 billion (US$1.31 billion) as demand for its new panel-level packaging (PLP) technology, primarily used in chips for artificial intelligence (AI) applications, has greatly exceeded what it can supply. A significant portion of the budget, about US$1 billion, would be earmarked for fan-out PLP technology, Powertech told investors yesterday. Its heavy investment in fan-out PLP technology over the past 10 years is expected to bear fruit in 2027 after the technology enters volume production, it said, adding that the tech would
YEAR-END BOOST: The holiday shopping season in the US and Europe, combined with rising demand for AI applications, is expected to drive exports to a new high, the NDC said Taiwan’s business climate monitor improved last month, transitioning from steady growth for the first time in five months, as robust global demand for artificial intelligence (AI) products and new iPhone shipments boosted exports and corporate sales, the National Development Council (NDC) said yesterday. The council uses a five-color system to measure the nation’s economic state, with “green” indicating steady growth, “red” suggesting a boom and “blue” reflecting a recession. “Yellow-red” and “yellow-blue” suggest a transition to a stronger or weaker condition. The total score of the monitor’s composite index rose to 35 points from a revised 31 in August, ending a four-month
RSS