Rumours about a chip plant being invested in Kaohsiung city has driven up home prices in the area
According to Taiwan News, Mayor Chen Chi-mai said the city of Kaohsiung would build 8,800 social housing units, as house prices rise during unconfirmed reports that Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) will invest in the city.
Due to rising demand for electronics and a shortage of automotive semiconductors, the business has been buoyant for TSMC, the world’s largest contract chipmaker.
Hence, the site of a former CPC Corporation has been the focus of reports that TSMC would soon release plans to build a chip plant in the southern city, but no confirmation has been made available.
The speculation has driven up home prices in the area, and Kaohsiung City will collaborate with the central government in meeting the rise in demand for housing near industrial areas, by developing 8,800 units of social housing.
The major predicted total demand around science parks at 50,000 apartments, which will be met by a range of housing formulas, including social projects built in partnership with the city government.
Navigating Malaysia’s real estate maze in the age of rising rates
Rising interest rates and housing affordability concerns weigh on Malaysia’s property market amidst a weaker growth outlook
From slump to stability: Is china’s housing market on the road to recovery?
China’s housing market finally recorded growth in the first quarter. But market analysts say it’s too soon to talk of a recovery despite positive signs
Mongolia’s capital at a crossroads: Ulaanbaatar’s rapid growth sparks urban planning dilemmas
Ulaanbaatar’s housing boom has exposed planning deficiencies within unprecedented growth
Meet the dynamic duo putting waste to work in Indonesia
Indonesian entrepreneurs Ovy Sabrina and Novita Tan have made a meaningful mark with their firm Rebricks