Housing deals last month cooled moderately compared with September, despite it traditionally being the high season for property transfers, major real-estate brokers said yesterday.
Evertrust Rehouse Co (永慶房屋) said transactions at its outlets nationwide shed 1 percent from a month earlier, at odds with the seasonal trend.
The absence of a seasonal advance had much to do with Taiwan’s interest rate hikes and the TAIEX’s deep corrections that made prospective home buyers more financially cautious, Evertrust deputy research head Chen Chin-ping (陳金萍) said in a statement.
Photo: Hsu Yi-ping, Taipei Times
Property transfers held steady in Taipei and edged up in New Taipei City, Chen said, adding that the decline widened to 6 percent in Taoyuan.
Housing deals in Tainan gained 10 percent, but dropped 2 percent in Kaohsiung, Chen said, citing the company’s internal data.
Transactions fell 1 percent in Hsinchu and Taichung, she said.
The lackluster showings for last month came despite buying interest picking up 10 percent from the previous month. People hesitated to make offers in the hope of price corrections, Chen said.
Sinyi Realty Inc (信義房屋) shared similar observations, but said that relocation needs underpinned transactions.
People with relocation needs had usually done enough research to close deals after working out pricing differences with sellers, Sinyi research manager Tseng Ching-der (曾進德) said in a separate statement.
Apartments priced between NT$20 million and NT$25 million (US$620,925 and US$776,156) per unit accounted for the majority of deals in Taipei, while apartments valued at NT$7 million to NT$15 million per unit were the majority in New Taipei City, Tseng said, referring to statistics compiled by the real-estate brokerage.
Elsewhere, apartments priced at NT$10 million to NT$15 million had fair chances of attracting buyers, he said.
Taiwan Realty Co (台灣房屋) saw transactions falling 3.3 percent at its offices across Taiwan, as buyers said they needed more time for consideration.
However, the slowdown was the result of price differences rather than a lack of interest, Taiwan Realty research head Charlene Chang (張旭嵐) said in a news release.
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