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Presale and new housing projects available for sale in Taiwan’s major municipalities totaled NT$443.96 billion (US$15.23 billion) last quarter, shrinking 14 percent from three months earlier, as developers became cautious, but refused to lower prices amid soaring labor and building material costs, Addcn Technology Co’s (數字科技) online realty arm said yesterday. The retreat in sales volume had to do with uncertainty linked to a proposed ban on transfers of presale housing contracts, monetary tightening at home and abroad, and military conflict in eastern Europe, newhouse.591.com (591�...

Presale and new housing projects in Taiwan’s major municipalities for the upcoming spring sales season total NT$700.7 billion (US$24.64 billion), an increase of 5 percent from a year earlier, as developers are upbeat about sales, Addcn Technology Co’s (數字科技) online realty arm said yesterday. The volume represents a five-year high and includes projects in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung, as well as Hsinchu city and county, newhouse.591.com (591新建案) said. “The supply side seems unfazed by uncertainty linked to Russia’s invasion of Ukraine an...

To curb soaring housing prices, the government should revise the Land Tax Act (土地稅法) to increase the cost of owning a property, as the central bank’s selective credit controls and tax on real-estate hoarding appear to have had a limited effect. The surge in housing prices over the past 10 months in eight areas — the six special municipalities, plus Hsinchu City and Hsinchu County — shows that the government’s tax policy lacks teeth. Based on registered transaction prices, housing prices in Hsinchu City, the nation’s tech hub, saw the steepest rise of 30 percent, figures compi...

Addcn renames job bank, targets service personnel By Crystal Hsu / Staff reporter Addcn Technology Co (數字科技), which owns several online trading platforms, yesterday renamed its online job bank unit and adopted more flexible rates for customers. Changing the online job bank’s name from 518 Job Bank (518人力銀行) to 518 Bear Works (518熊班) is part of an effort to groom the unit for a niche market, vice president Jimmy Chiu (邱建銘) told a media briefing in Taipei. Over three years, the new name is expected to increase the job bank’s 4.6 million subscribers by three to fi...