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A presale and new housing downturn in northern Taiwan is casting a long shadow as sales growth slows and supply mounts, the Chinese-language My Housing Monthly magazine said in a report yesterday. Purchases of presale projects fell below NT$50 billion (US$1.68 billion) last month, although their number grew mildly from May, after the number of daily COVID-19 infections cases fell, the report said. Fewer houses were completed last month, likely slowed by the virus outbreak, labor shortages and weakening sentiment, it said. “People now assign more importance to rising inflationary pressures, i...

Taipei-based developer Radium Life Tech Co (日勝生) is this year seeking to boost its profitability by developing new presale and urban regeneration projects, as well as expand its sewage and waste water-treatment system business. Radium’s statement came after a board meeting to review the company’s performance last year. The developer reported consolidated revenue of NT$6.26 billion (US$226.39 million) last year, down 7.93 percent from NT$6.8 billion in 2020. The developer has yet to release its earnings for last quarter. In the first three quarters of last year, it reported a net los...

Nearly 40 percent of Taiwanese expect housing prices to pick up this quarter and 10 percent predict a decline, while many expressed concern over inflation, Chinatrust Real Estate Co (中信房屋) said in a survey released yesterday. Thirty-nine percent of respondents said that housing prices would rise in the next few months, Chinatrust Real Estate said, citing internal data. Although the Chung-Hua Institution for Economic Research (中華經濟研究院) on Wednesday raised its forecast for Taiwan’s GDP growth this year to 5.84 percent from 5.16 percent, 42 percent of respondents said that...