Presale projects and new houses for sale in the coming fall sales season could exceed NT$200 billion (US$6.28 billion) in northern Taiwan, representing a 16.6 percent increase from the same time last year, as developers seek to cash in on preferential lending terms for first-home buyers, My Housing Monthly (住展雜誌) said yesterday.
The volume might hit NT$212.2 billion during this fall season, which would be the second highest in eight years, despite recent bans on transfers of presale house purchase agreements and an ongoing economic slowdown, it said.
The housing market has probably stabilized after digesting assorted unfavorable policy measures, the magazine’s research manager Chen Tsai-chi (成采錡) said.
Photo: CNA
Rather, the new preferential lending terms for first-home buyers, which keep interest rates on new mortgages at 1.775 percent, should be able to motivate people with real demand, Chen said.
Taipei would make the biggest contribution with presale projects and new houses sized at NT$78.8 billion, most being concentrated in Songshan District (松山) and Nangkang District (南港), the magazine said.
New Taipei City ranks second with NT$65.6 billion worth of new housing, it said, pointing out that Sanchong District (三重) alone underpins 60 percent, or about NT$40 billion.
The districts of Sinjhuang (新莊) and Tamsui (淡水) would make up NT$10 billion each, as the two locations gain popularity due to affordable house prices and improving infrastructure facilities, it said.
New housing at Taoyuan totals NT$45.8 billion with 50 percent of the projects located in Jhongli District (中壢), it found
The Hsinchu area is to see nearly NT$20 billion of presale projects and new houses that target people eyeing relatively large apartments, it said.
Keelung and Yilan would have NT$1.51 billion and NT$495 million of new housing aimed at local residents, it said.
The fall season starts on Sept. 28 and lasts through October.
UNCERTAINTIES: Exports surged 34.1% and private investment grew 7.03% to outpace expectations in the first half, although US tariffs could stall momentum The Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) yesterday raised its GDP growth forecast to 3.05 percent this year on a robust first-half performance, but warned that US tariff threats and external uncertainty could stall momentum in the second half of the year. “The first half proved exceptionally strong, allowing room for optimism,” CIER president Lien Hsien-ming (連賢明) said. “But the growth momentum may slow moving forward due to US tariffs.” The tariff threat poses definite downside risks, although the scale of the impact remains unclear given the unpredictability of US President Donald Trump’s policies, Lien said. Despite the headwinds, Taiwan is likely
When Lika Megreladze was a child, life in her native western Georgian region of Guria revolved around tea. Her mother worked for decades as a scientist at the Soviet Union’s Institute of Tea and Subtropical Crops in the village of Anaseuli, Georgia, perfecting cultivation methods for a Georgian tea industry that supplied the bulk of the vast communist state’s brews. “When I was a child, this was only my mum’s workplace. Only later I realized that it was something big,” she said. Now, the institute lies abandoned. Yellowed papers are strewn around its decaying corridors, and a statue of Soviet founder Vladimir Lenin
UNIFYING OPPOSITION: Numerous companies have registered complaints over the potential levies, bringing together rival automakers in voicing their reservations US President Donald Trump is readying plans for industry-specific tariffs to kick in alongside his country-by-country duties in two weeks, ramping up his push to reshape the US’ standing in the global trading system by penalizing purchases from abroad. Administration officials could release details of Trump’s planned 50 percent duty on copper in the days before they are set to take effect on Friday next week, a person familiar with the matter said. That is the same date Trump’s “reciprocal” levies on products from more than 100 nations are slated to begin. Trump on Tuesday said that he is likely to impose tariffs
Japan is heavily investing in a new kind of ultra-thin, flexible solar panel that it hopes will help it meet renewable energy goals while challenging China’s dominance of the sector. Pliable perovskite panels are perfect for mountainous Japan, with its shortage of flat plots for traditional solar farms. A key component of the panels is iodine, something Japan produces more of than any country but Chile. The push faces some obstacles: Perovskite panels contain toxic lead, and, for now, produce less power and have shorter lifespans than their silicon counterparts. Still, with a goal of net zero by 2050 and a desire to
RSS