State-run Taiwan Asset Management Corp (TAMC, 台灣金聯) yesterday said it would be more proactive in taking part in urban renewal projects and press ahead with reselling foreclosed properties at fair prices.
Shih Jun-ji (施俊吉), chairman of the nation’s largest bad-loan operator, said TAMC is seeking to deepen participation in urban renewal projects to boost projects on hand and generate profits on a yearly basis.
Urban renewal projects — intended to enhance building safety and stimulate domestic demand — are not subject to selective credit controls to curb property speculation.
Photo: Taipei Times file photo
Housing property price hikes have stabilized following a spate of selective credit controls and unfavorable tax terms, Shih said.
“Taiwan’s house price hikes are relatively moderate, compared with markets elsewhere,” Shih said on the sidelines of a public function, adding that the government has played an important role in stabilizing the market.
The Taipei-based company will continue to pursue reasonable profitability by selling properties it has acquired from the foreclosed market, Shih said.
Selling properties a fair rates has been an effective strategy for more than a decade and will remain a core business at TAMC, Shih said.
For this year, TAMC is to offer two batches of fair housing units, Shih said.
The first batch is to cover 80 apartment units priced from NT$8.9 million to NT$42 million (US$288,306 and US$1.36 million) in Taipei’s Xinsheng N Road and New Taipei City’s Linkou District (林口), he said.
TAMC will introduce the second batch and disclose more details after sales of the first batch are settled, Shih said.
The firm will follow its usual practice of offering about 100 houses in different parts of Taiwan at prices that are 10 percent lower than market rates, he said.
Shih said the US dollar appears to be the only financial asset that has gained value this year.
As long as this trend continues, foreign funds would not demonstrate much interest in local shares after cutting their holdings by more than NT$1 trillion so far this year, he said.
The US Federal Reserve has made clear its intention to fight inflation and raise policy rates sharply to achieve that aim, raising the chances of a hard landing in the US, which would be unfavorable for Taiwan’s exports, Shih said.
However, major local tech firms would emerge relatively unscathed given their global leadership and the world’s dependence on advanced technologies, he said.
SEASONAL WEAKNESS: The combined revenue of the top 10 foundries fell 5.4%, but rush orders and China’s subsidies partially offset slowing demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) further solidified its dominance in the global wafer foundry business in the first quarter of this year, remaining far ahead of its closest rival, Samsung Electronics Co, TrendForce Corp (集邦科技) said yesterday. TSMC posted US$25.52 billion in sales in the January-to-March period, down 5 percent from the previous quarter, but its market share rose from 67.1 percent the previous quarter to 67.6 percent, TrendForce said in a report. While smartphone-related wafer shipments declined in the first quarter due to seasonal factors, solid demand for artificial intelligence (AI) and high-performance computing (HPC) devices and urgent TV-related orders
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and the University of Tokyo (UTokyo) yesterday announced the launch of the TSMC-UTokyo Lab to promote advanced semiconductor research, education and talent development. The lab is TSMC’s first laboratory collaboration with a university outside Taiwan, the company said in a statement. The lab would leverage “the extensive knowledge, experience, and creativity” of both institutions, the company said. It is located in the Asano Section of UTokyo’s Hongo, Tokyo, campus and would be managed by UTokyo faculty, guided by directors from UTokyo and TSMC, the company said. TSMC began working with UTokyo in 2019, resulting in 21 research projects,
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) yesterday expressed a downbeat view about the prospects of humanoid robots, given high manufacturing costs and a lack of target customers. Despite rising demand and high expectations for humanoid robots, high research-and-development costs and uncertain profitability remain major concerns, Lam told reporters following the company’s annual shareholders’ meeting in Taoyuan. “Since it seems a bit unworthy to use such high-cost robots to do household chores, I believe robots designed for specific purposes would be more valuable and present a better business opportunity,” Lam said Instead of investing in humanoid robots, Quanta has opted to invest
EXPANSION: While Gigabyte Technology is optimistic about market demand this year, uncertainty remains due to the impact of potential US tariffs and currency fluctuations Motherboard and graphics card maker Gigabyte Technology Co (技嘉) yesterday said that it plans to launch an artificial intelligence (AI) server assembly line in the US in the second half of this year. The company’s core motherboard and graphics card businesses in the US remain stable, but sales of its higher-priced AI servers still hinge on the development of tariff policies, Gigabyte chairman Dandy Yeh (葉培城) told reporters following the company’s annual shareholders’ meeting in Taipei. Yeh was referring to the “reciprocal” tariffs announced by US President Donald Trump on April 2, which were later postponed for 90 days. While Gigabyte
RSS