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The housing market is expected to have a soft landing next year.

Weekly News Highlight

1. The housing market is expected to have a soft landing next year.

2. finalize the carbon fee at $300 per tonne Enterprises may apply preferential rates according to the reduction scenarios

3. Chihshin expects to invest $2.87 billion in the Mie Prefecture development project.

4. E&M Engineering Consultants Ltd. won the bid for a 340-ping plant in Taichung Industrial Park at a cost of $472 million.

5. Crossover cooperation between Taichung's brand builders and luxury brands has become a trend in Taichung.

1. The housing market is expected to have a soft landing next year.
2024.10.09 Business Times I Reporter Guo & Tian／Reporting

The Central Bank's heavy-handed crackdown on speculation, the housing market is cooling down, Taiwan Housing Group and the Taiwan Center for Economic Research and Development at Central University released the latest "Taiwan Housing Market Scenario Lights," showing that the fourth-quarter scenario index score of 50.05, a quarterly decrease of 1.88 points; the forecast for next year's first quarter of a slight rebound, but the second quarter of the downward revision of the first half of next year, the housing market scenario will be from a yellow-red light to a green light, the market from the hot to stabilize the return of a soft landing.

Wu Daren, executive director of the Center for Taiwan Economic Development Research at Central University, said that the main variables, real gross domestic product, property sales and transfer registration items such as a slight decline, but approved the construction of a license to build the gross floor area, the balance of the loan for the purchase and repair of residential property, etc., but rose, the fourth quarter indicator score than the previous quarter, but still fell in the symbol of the hot yellow red light.

Taiwan Housing Group Chief Vice President Chou Hock-ming pointed out that the economic fundamentals, capital levels are still the key to the housing market trend, the central bank credit control and the effect of the rise in standards will gradually emerge in the fourth quarter, the number of annual purchase and sale of buildings will also be from the "explosion of the volume of large increase" to "flat slightly increased", only the bank lending level down, the housing market will rise again.

The fourth quarter of the electricity price increase, deepen the psychology of inflation expectations, coupled with the beginning of next year, military and civil service pay raises, the technology industry year-end bonuses into the accounts, the short-term willingness to buy a home slightly up, but after the short-term effect, the international economy cooling variables, the second quarter is expected to return to the trend of contraction, the first half of next year, is still the pattern of the receding boom.

Zhou Hesing believes that the supply of large, more investors in the emerging development areas, into the price consolidation, policy shortcomings in the early sale of cases, a small number of concessions; elite lots a small number of release of indicators of the community, the low total price of the three-room products, the market scarcity of the release of the supporting force is still strong, the price continues to go up.

In the past year or so since the implementation of the New Youth Safety Policy, a lot of first-time buyer demand has been absorbed, coupled with the bank's tightening of the silver bullet, the appraisal of the conservative, and the marginal effect on the market will gradually fade; cash buyers who have strong capital and do not need to apply for a large number of loans, the competitiveness of the market has been greatly enhanced, and you can slowly select a good preservation of property, becoming the biggest winners in the housing market.

In addition, industrial real estate, commercial real estate is not the scope of speculation, enterprises based on long-term development, the purchase of land, plant construction have been carefully planned in the medium and long term, some of the high-asset group will turn to invest in storefronts, commercial offices, post-war baby boom generation retirement rigid demand, but also low tax costs of recreational farmland, farmhouses, the recent trend of warming up.

2. The carbon fee is finalized at $300 per ton. Enterprises can apply the preferential rate according to the reduction situation.
2024.10.08 Economic Daily News I By Yu Chin-Miao and Hu Shun-Huei / Taipei, Taiwan

The Ministry of the Environment yesterday (7) held the sixth carbon fee rate deliberation, resolved that the general rate of $ 300 per metric ton, enterprises can choose their own reduction plan to apply the preferential rate A (industry-specific specified reduction rate) $ 50 per metric ton, or preferential rate B (technical benchmarks specify the rate of reduction) $ 100 per metric ton, this month's advance notice of the carbon fee rate, the end of May next year before the trial application, 2026 official charges carbon fee program! After the release of the carbon fee proposal, the green groups and the industrial sector were dissatisfied. The green groups pointed out that the fee rate was too low to provide sufficient incentives for enterprises to reduce carbon emissions and protested strongly. The FHKI, on the other hand, considered that the fee rate was still on the high side, which was not conducive to the low-carbon restructuring of industries.

The Ministry of the Environment pointed out that, after comprehensive consideration, the majority of the members proposed that China's carbon fee be collected at the following rates: a general rate of NT$300 per metric tonne, a preferential rate of NT$100 per metric tonne for the target specified in the technical standards pole, and an even more preferential rate of NT$50 per metric tonne for rate A if the target specified in the industry sector with the highest international standard for carbon reduction is further selected.

The Director of Climate Change of the Ministry of the Environment, Ms. Tsai Ling-yi, pointed out that if enterprises want to apply for Concessionary Rate A, the general industry will have to reduce annual GHG emissions by 42% by 2030 compared to the base year of 2021, the iron and steel industry will have to reduce 25.2%, and the cement industry will have to reduce 22.3%. As for Concessionary Rate B, the annual reduction rate of each industry will have to reach 23% by 2030 compared to the average of the base years (2018 to 2022). As for Concessionary Rate B, each sector is required to reduce 231 TP3T per annum by 2030 relative to the base year average (2018 to 2022).

The Ministry of the Environment estimates that, with the trial declaration to be made in May next year, and based on the preferential rate B that most enterprises are more likely to choose, the carbon fee levied in 2026 is expected to generate an annual revenue of $6 billion.

Initial levy targets to annual emissions of more than 25,000 metric tons of electricity, gas supply industry and manufacturing industry, the fee target of about 281 companies about 500 factories, the Ministry of the Environment recognized the risk of high-carbon leakage business in addition to preferential rates, but also applicable to the emissions of 20% off the adjusted value, if the preferential rate of A per metric ton of carbon pricing of $ 50 to calculate the minimum per metric ton of carbon fee for high-carbon leakage business only need to pay $ 10.

According to the statistics of the Ministry of the Environment, there are two factories with carbon emissions between 5 million and 10 million tons, including Sinosteel and Formosa Plastics Petrochemical (FPG) Mailiao Plant No. 3, and those with carbon emissions of more than 10 million tons are Sinosteel and Formosa Plastics Petrochemical (FPG) Mailiao Plant No. 1.

Undersecretary of the Ministry of the Environment Shi Wenzhen said the carbon fee is expected to start in 2026, and the rate will be reviewed in two-year increments and increased in phases, with the rate expected to rise to between $1,200 and $1,800 per ton by 2030.

3. Chihshin expects to invest $2.87 billion in the Mie development project.
2024.10.07 Economic Daily News I By Huang Shu-Huei / Taipei Reporter

Chihshin (2611) intends to develop land in the Xinghua section of the Sanchong District of New Taipei City, with an estimated participation amount of approximately NT$2.87 billion, which is a more consolidated construction project.

Chihshin said, New Taipei City, Sanchong District, Xinghua Section 100, Lot No. 49 land, the base area of about 587.66 ping, the distribution ratio for the landowner's average allocation of 46%, the average allocation of the construction side of the 54%, the estimated amount of participation in the investment of about 2.87 billion dollars, the construction of the project for development and construction of the sale.

4. E&E Engineering Consultant Company won the bidding for a 340-ping plant in Taichung Industrial Park at a cost of $472 million.
2024.10.07 Business Times I By Tsai Huifang／Reporter

In the fourth quarter, the commercial real estate market was in the red. E&E Engineering Consulting Co. won the bidding for a 340-ping plant in Taichung Industrial Park at a price of NT$472 million, with a premium of about 5%.

Savills was commissioned to handle the public tender for the sale of factory buildings on three sides of the road in the Taichung Industrial Park, and the tender was opened on Friday (10/4). The factory buildings are located on Industrial Road 20 at the gateway of the industrial park, with a land area of 1,216 pings and 340 pings of old factory buildings on the ground, and the reserve price of $447 million was set, and the final bid was won by the local electrical and mechanical engineering consultant company at $472 million, with a premium of 5%.

Lai Guanwei, Associate of Savills Taichung, who was responsible for the public tender, said that the Taichung Industrial Park is the most well-known metropolitan industrial area in Central Taiwan and is home to a wide range of industries, including technology, machinery and equipment manufacturing, metal products manufacturing and food and beverage, which has attracted companies such as DALICOR, SBST and SPIL in the past. Due to its proximity to the center of Taichung City, companies enjoy an advantage in recruiting talent and labor, and during the bidding period, it attracted a number of companies interested in integrating and expanding their production bases in Central Taiwan to actively evaluate the project.

Lai Guanwei pointed out that the winning vendor is a local Taichung manufacturer, which will be planned as a long-term operation base for the enterprise in the future.

In addition, Taichung City Government is actively working on the municipal road extension project, which can shorten the transportation distance between Taichung Industrial Park and the city center, and connect the Taichung Industrial Park, the Phase VII rezoning area, and the Shuihou Economic and Trade Park in terms of people and logistics, and it will be another advantage for the development of Taichung Industrial Park.

5. Attacking the high net worth group: Crossover cooperation between Taichung's brand builders and top luxury brands has become a trend.
2024.10.09 Business Times I By Tsang Li-Fang/Reporting

According to market surveys, the number of high net worth individuals in Taiwan with more than $100 million is estimated to reach 110,000 in 2023, and the number is increasing year by year! In order to develop the market for the high-net-worth segment, Taichung brand builders have launched cross-border cooperation with top international luxury brands in recent years, ranging from tailor-made services for boutique apparel to top-class car shows and jewelry appraisals, not only to create unique living experiences for the high-net-worth segment, but also to create honorable experiences for the top customers who are in pursuit of excellence.

According to the "2024 Taiwan Ultra-High-Asset Client Wealth Insight Report" released by Boston Consulting Group, Taiwan's billion-dollar high-asset clientele will reach 103,000 in 2023, and there will be about 7,000 ultra-high-asset clients with more than $1 billion in assets; and under the trend of the rich getting richer, it is estimated that by 2027, the number of billion-dollar high-asset clients will reach 129,000, and the number of ultra-rich clients with more than $1 billion will also reach 8,000, and the number of ultra-rich clients will be more than 1 billion. It is estimated that by 2027, there will be 129,000 billion-dollar high-asset clients and 8,000 billion-dollar-plus super-rich people.

In order to expand the market of high net worth customers, recently in Taichung brand builders and international boutique cross-border multiplier trend, Dior men's first in the Beitun District Han Yu construction brand headquarters "Han Yu see building", held "Dior Men's Club men's exclusive custom activities", it is reported that it is also invited to the high tailor-made team from Paris, France, tailor-made suits for male customers. The combination of Dior men's style and Han Yu's architectural aesthetics added a lot of elegance to the event.

Louis Vuitton, the leading international boutique, previously held its first exhibition of "Rare Leather" in Taichung at the Yushang Institute of Technology, an aesthetically pleasing design space built by Chiu Chiu in Phase VII, where each piece of work underwent a 350-step process that took as long as 16 weeks to produce, and the top craftsmanship complemented the simplicity and richness of the space, which attracted the attention of the second generation of enterprises with an international outlook. The exhibition attracted a lot of attention from the second generation of enterprises with international perspectives at that time.

In addition, Twin Oaks Development collaborated with top automotive brand Rolls-Royce to debut the "Ghost" series of vehicles at the Phase 7 "Triple A Clubhouse" for a three-day flash mob, during which an Art & Lifestyle Aesthetics Seminar exploring the fusion of automotive craftsmanship and architectural aesthetics was held, attracting a large number of VIP customers.

In addition, CLC's luxury residential project "CLC Bulgaria" in Phase VII has collaborated with top jewelry brand "GRAFF", while "Tourmaline Vantage", an ultra-luxury residential project of tourmaline construction in Phase VII with a total price tag of more than $100 million, has held a private appreciation event with Piaget, a luxury watch jewelry brand, which is a perfect match between the heights of the brands of the two parties.

6. The first project of urban renewal of the South Airport is finally launched. 3.2 billion will be invested in the project to revitalize the 50-year history of the airport.
2024.09.30 Liberty Times I By Chu Yu-chiu/Reporting

After years of consolidation, the first phase of the "South Airport Unit 3" public office urban renewal project has finally been successfully launched, and a signing ceremony was held today (30th). This is the first public office urban renewal and successful investment case for the South Airport whole building area, and the most preferred applicant, Tiptop, will invest an estimated $3.2 billion in the construction of a brand-new building with 14 floors above ground and 4 floors underground.

Located at the intersection of Zhonghua Road Section 2 and Lane 303 in Taipei City's Zhongzheng District, the 3,898-square-meter site is close to the LG03 station of the Wanda Line of the MRT, and is more than 50 years old, with a total of 160 households. Due to the useless condition and the lack of living space that is compatible with the functions of modern life, the tenants have been worried about the safety of their residence for a long time.

According to TKP, TKP will bring in technology and resources to build a "people-oriented, sustainable and inclusive" livable and sustainable urban area to revitalize the over 50-year-old South Airport. The project, with an estimated total sales value of approximately $7 billion, will also introduce social housing to enhance the quality of life in the area and realize the public welfare nature of public offices.

In terms of spatial planning, including commercial units, residential units, social housing, etc., the red brick elements of the original building are continued to preserve the nostalgia of the original base, and the landscape utilizes green space, seating, and paving to intertwine and generate multiple spaces, creating an environment where the building can be dialogued with urban residents and can be close to them, and creating a high-quality living space.

It will also plan store space on the ground floor to meet the needs of the community's surrounding living functions, and will also incorporate social housing to create an all-age friendly and happy community, and is committed to obtaining the Green Building Label in the hope that the South Airport will be used as a demonstration base for constructing a human-centered and ecologically friendly environment.

Since 2015, Taipei Residence Center has set up workstations in the community in line with the city government's policy to build residential areas in the South Airport, and has experienced more than 3,000 days and organized more than 300 briefings. Among them, Unit 3 in the South Airport, which is the first case of publicly-run urban renewal among seven units in the South Airport, was the first case of publicly-run urban renewal among seven units in the South Airport, and was successfully solicited by Taipei Residence Center. It has become the first case of public office urban renewal among the seven residential units built in the South Airport, and has been successfully invested by the Taipei Residence Center.

Mayor Chiang said that the successful implementation of Unit 3 will bring about a demonstration effect for the entire South Airport residential area, especially after the 403 earthquake caused damage to the entire South Airport building, the exposed rebar and falling rocks are frightening, but also make the entire South Airport residential unit 4, unit 5 residents pay more attention to the safety of their homes, to speed up the return of residents to a safe, livable home is the city's unshirkable mission.

In April and May this year, the Urban Renewal Office (URO) convened briefing sessions on public organization of urban renewal for Unit 4 and Unit 5 of the entire building at the South Airport, and more than 300 tenants attended the two sessions and expressed their hope for expeditious redevelopment by way of public organization of urban renewal.

With the assistance of the local workstations and the promotion of enthusiastic residents, the willingness to participate in the urban renewal from the original 40%, within one month after the earthquake, quickly consolidated to 75% Public Office Urban Renewal acceptance threshold, the city team has completed the architectural planning and financial trial operation, is expected to October to the community to convene an explanation meeting.