New Taipei City-based property developer Pau Jar Group (寶佳機構) last year launched the most new projects nationally, as it capitalized on improved infrastructure to expand its business, a survey by the online realty arm of Addcn Technology Co (數字科技) showed.
The developer released 76 projects featuring more than 16,000 apartment units near high-speed train stations in Hsinchu, Taichung and Kaohsiung, as well as in second-tier locations, newhouse.591.com (591新建案) data showed.
The projects could attract NT$212.9 billion (US$7.01 billion) in revenue and have made the company visible in nearly all major markets across Taiwan, the online broker said.
Photo: Hsu Yi-ping, Taipei Times
While building on higher-value land near transportation hubs, Pau Jar did not abandon its focus on second-tier areas, the developer’s strongholds, to meet demand from buyers who cannot afford housing in popular locations, it said.
The strategy helped Pau Jar claim 10 percent of all new housing projects, it said.
High Wealth Construction Co (興富發) ranked second with seven projects expected to generate NT$70.2 billion in sales, the survey showed.
Maw Der Property Development Co (茂德機構) placed third with NT$65.3 billion in new projects that offer more than 3,000 apartment units, the online broker said, adding that most are in New Taipei City’s Sanchong (三重) and Wugu (五股) districts.
Presale house projects last year approached NT$2 trillion, and the top 10 players drove NT$600 billion, suggesting that they remained positive despite a slowdown in sales in the second half of last year, newhouse.591.com said.
The Fong-Yi Group (豐邑機構), a lesser known name focused mainly on on the Hsinchu and Taichung markets, placed fourth with NT$59.6 billion in presale projects, the survey showed.
Well-established brands I Sunny Co (愛山林建設), Huaku Development Co (華固建設) and Cathay Real Estate Development Co (國泰建設) remained major players, while Fu Yu Construction Co (富宇建設機構), Yun Hsin Construction Co (永信建設) and Hui Yu Architecture Co (惠宇建設) rounded out the top 10 list as property development increased in central and southern Taiwan during the past few years, newhouse.591.com said.
Developers plan to introduce more presale projects this year to land stock, although it is unknown how buyers might react to a ban on transfers of presale house purchase agreements, the online broker said.
The ban was passed by the legislature earlier this month, and the Ministry of the Interior is determining when the legislation should take effect.
NXP Semiconductors NV expects its first automotive-grade 5-nanometer chip built by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) to become available for automakers within one-and-a-half years at the earliest, following demand for better computing performance and energy efficiency for connected vehicles, a company executive said yesterday. That would mean a significant upgrade from the 16-nanometer technology NXP adopted in its existing series of microprocessors. NXP chief technology executive Lars Reger made the remarks during a media briefing yesterday in Taipei. The latest updates came after NXP unveiled its plan to source 5-nanometer capacity from TSMC in 2021. This is Reger’s first trip to
AI TREND: TSMC has been rapidly expanding capacity to meet a spike in demand for advanced packaging services, but still expects supplies to be tight for 18 months Arizona is in talks with Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) about advanced chip packaging, state Governor Katie Hobbs said yesterday, which is crucial for the manufacturing of artificial intelligence (AI) chips. TSMC, which is building a US$40 billion chip factory in the US state, has not announced plans to build facilities for advanced chip packaging in the US. Advanced packaging processes stitch multiple chips together into a single device, lowering the added cost of more powerful computing. “Part of our efforts at building the semiconductor ecosystem is focusing on advanced packaging, so we have several things in the works around that
The European Commission’s digital chief yesterday said that murky Chinese laws were fueling concerns among foreign firms in the country, following discussions with Beijing officials about critical areas such as artificial intelligence (AI) and data governance. Vera Jourova, who is also the commission’s vice president, made the comments after meeting on Monday with Chinese counterparts including Vice Premier Zhang Guoqing (張國清) in the second “High-level Digital Dialogue” between the two sides. Among the concerns Jourova said she had heard about from European businesses in China was the “unpredictability of the decisions and interpretation of the laws by the regulators.” Beijing has recently implemented
EVADING US CONTROLS? ‘These surveillance chips are relatively easy to manufacture compared to smartphone processors,’ a source said about HiSilicon’s components A Huawei Technologies Co (華為) unit is shipping new Chinese-made chips for surveillance cameras in a fresh sign that the Chinese tech giant is finding ways around four years of US export controls, two sources briefed on the unit’s efforts said. The shipments to surveillance camera manufacturers from the company’s chip design unit, HiSilicon Technologies Co (海思半導體), started this year, said one of the sources and a third source familiar with the industry supply chain. One of the sources briefed on the unit said that at least some of the customers were Chinese. Huawei unveiled new smartphones in the past few weeks that