Developers in northern Taiwan plan to roll out a record NT$418.24 billion (US$13.65 billion) of new projects for the spring sales season, almost double the volume last year, driven by residential, commercial and industrial properties, the Chinese-language My Housing Monthly (住展雜誌) said yesterday.
Residential projects would generate NT$222.9 billion from sales, or 53.29 percent, while commercial and industrial properties would make up for the remaining sum, the publication’s survey found.
The new high volume is due to the entry of index properties such as the Core Pacific Plaza (京華廣場), a mixed-use property in Taipei’s Songshan District (松山) by Dingyue Development Corp (鼎越開發), an affiliate of China Petrochemical Development Corp (中石化), it said.
Photo: CNA
The plaza would feature four upscale office buildings with 19 aboveground floors and seven basement floors on a 5,000 ping (16,529m2) plot of land on the former site of Living Mall (京華城).
The massive complex achieved Global Real Estate Sustainability Benchmark’s highest recognition for its environmentally friendly design, Dingyue said yesterday.
Taipei posted NT$260.37 billion in property projects from March 29 to the end of next month, it said, adding that projects valued at more than NT$25 billion would be seen in Daan (大安) and Zhongshan (中山) districts.
New Taipei City posted NT$80.63 billion in new projects, with Sanchong District (三重) contributing NT$35 billion, it said.
If plans proceed smoothly, the district could see 40 projects competing for buyers’ attention, making it the city’s most competitive area, it said.
Apartment units priced up to NT$18 million appear in Sanchong, it said.
In Taoyuan, overall sales would amount to NT$44.47 billion, and rezoning areas in Cingpu (青埔) and Gueishan (龜山) districts continue to be the main battleground, it said.
However, there is only one project by Farglory Land Development Co (遠雄建設) that would generate sales of more than NT$10 billion, as most other projects are relatively small, it said.
Hsinchu City and Hsinchu County would see sales of NT$31.17 billion in new projects as developers regain confidence after COVID-19 infections stabilize, it said.
New projects in Hsinchu County are planned in Sinpu (新埔), Hukou (湖口) and Sinfeng (新豐) townships as well as Jhubei City (竹北), it said.
Most developers prefer to stay on the sidelines until the government explains how it would ban transfers of presale house purchase agreements, the publication said, adding that the practice suggests the sales volume for the summer sales season would be huge.
BYPASSING CHINA TARIFFS: In the first five months of this year, Foxconn sent US$4.4bn of iPhones to the US from India, compared with US$3.7bn in the whole of last year Nearly all the iPhones exported by Foxconn Technology Group (富士康科技集團) from India went to the US between March and last month, customs data showed, far above last year’s average of 50 percent and a clear sign of Apple Inc’s efforts to bypass high US tariffs imposed on China. The numbers, being reported by Reuters for the first time, show that Apple has realigned its India exports to almost exclusively serve the US market, when previously the devices were more widely distributed to nations including the Netherlands and the Czech Republic. During March to last month, Foxconn, known as Hon Hai Precision Industry
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,
Ashton Hall’s morning routine involves dunking his head in iced Saratoga Spring Water. For the company that sells the bottled water — Hall’s brand of choice for drinking, brushing his teeth and submerging himself — that is fantastic news. “We’re so thankful to this incredible fitness influencer called Ashton Hall,” Saratoga owner Primo Brands Corp’s CEO Robbert Rietbroek said on an earnings call after Hall’s morning routine video went viral. “He really helped put our brand on the map.” Primo Brands, which was not affiliated with Hall when he made his video, is among the increasing number of companies benefiting from influencer
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
RSS