Property transactions in the six special municipalities last month totaled 21,368 units, spiking 33.7 percent from one month earlier, driven by people with real demand and new housing completions, brokers said yesterday.
The rebound approached 30 percent in Taipei to 2,553 deals, and climbed even faster in New Taipei City, Taoyuan, Taichung and Kaohsiung, data from respective local governments showed.
Taiwan Realty Co (台灣房屋) research head Charlene Chang (張旭嵐) attributed the pickup to five more working days last month compared with April, as well as new housing deliveries.
Photo: CNA
“People with real demand took action after expectations that housing prices would decline failed to realize,” Chang said.
The absence of new unfavorable policy measures spurred buyers to quit waiting and join the market, the analyst said.
New Taipei City posted the biggest month-on-month gain of 43.9 percent to 5,562 deals, followed by a 40.3 percent increase to 3,724 units in Taoyuan.
Transactions in Taichung registered a 32.4 percent jump to 4,052 units and advanced 34 percent to 3,525 deals in Kaohsiung. Tainan was relatively calm with 8.7 percent growth to 1,952 deals.
The unease linked to the bans on transfers of presale house purchase contracts subsided last month, Evertrust Rehouse Co (永慶房屋) said.
Furthermore, new housing delivery accounted for transaction advances in New Taipei City’s Sinjhuang (新莊), Sanchong (三重) and Sijhih (汐止) districts, as well as Taoyuan’s Longtan (龍潭) and Jhongli (中壢) districts, Evertrust Rehouse deputy research manager Chen Chin-ping (陳金萍) said.
However, it would be too early to paint the rebound as a sustained recovery as the transaction volume shrank 6.4 percent compared with a year earlier, Chen said.
Cumulative deals in the first five months of the year tumbled 21.4 percent year-on-year to 86,640 units for the six special municipalities, Chen added.
Great Home Realty Co (大家房屋) head researcher Mandy Lang (郎美囡) was also cautious, saying buyers and sellers remained at loggerheads over housing prices, which could slow transactions.
Additionally, the rebound would come to a halt if the central bank raises interest rates again later this month, H&B Realty Co (住商不動產) said.
The central bank is to review its monetary policy on June 15.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s biggest contract chipmaker, booked its first-ever profit from its Arizona subsidiary in the first half of this year, four years after operations began, a company financial statement showed. Wholly owned by TSMC, the Arizona unit contributed NT$4.52 billion (US$150.1 million) in net profit, compared with a loss of NT$4.34 billion a year earlier, the statement showed. The company attributed the turnaround to strong market demand and high factory utilization. The Arizona unit counts Apple Inc, Nvidia Corp and Advanced Micro Devices Inc among its major customers. The firm’s first fab in Arizona began high-volume production
VOTE OF CONFIDENCE: The Japanese company is adding Intel to an investment portfolio that includes artificial intelligence linchpins Nvidia Corp and TSMC Softbank Group Corp agreed to buy US$2 billion of Intel Corp stock, a surprise deal to shore up a struggling US name while boosting its own chip ambitions. The Japanese company, which is adding Intel to an investment portfolio that includes artificial intelligence (AI) linchpins Nvidia Corp and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), is to pay US$23 a share — a small discount to Intel’s last close. Shares of the US chipmaker, which would issue new stock to Softbank, surged more than 5 percent in after-hours trading. Softbank’s stock fell as much as 5.4 percent on Tuesday in Tokyo, its
COLLABORATION: Softbank would supply manufacturing gear to the factory, and a joint venture would make AI data center equipment, Young Liu said Hon Hai Precision Industry Co (鴻海精密) would operate a US factory owned by Softbank Group Corp, setting up what is in the running to be the first manufacturing site in the Japanese company’s US$500 billion Stargate venture with OpenAI and Oracle Corp. Softbank is acquiring Hon Hai’s electric-vehicle plant in Ohio, but the Taiwanese company would continue to run the complex after turning it into an artificial intelligence (AI) server production plant, Hon Hai chairman Young Liu (劉揚偉) said yesterday. Softbank would supply manufacturing gear to the factory, and a joint venture between the two companies would make AI data
DOLLAR SIGNS: The central bank rejected claims that the NT dollar had appreciated 10 percentage points more than the yen or the won against the greenback The New Taiwan dollar yesterday fell for a sixth day to its weakest level in three months, driven by equity-related outflows and reactions to an economics official’s exchange rate remarks. The NT dollar slid NT$0.197, or 0.65 percent, to close at NT$30.505 per US dollar, central bank data showed. The local currency has depreciated 1.97 percent so far this month, ranking as the weakest performer among Asian currencies. Dealers attributed the retreat to foreign investors wiring capital gains and dividends abroad after taking profit in local shares. They also pointed to reports that Washington might consider taking equity stakes in chipmakers, including Taiwan Semiconductor
RSS