讀後心得

Due to the impact of TSMC's investment policy in the United States, Taiwan's housing market may face a price drop in the short term. Experts warn against chasing prices and point out that the Taiwanese real estate market was weak in the first quarter, with a prevalent atmosphere of wait-and-see. Market confidence has weakened, and housing prices in areas surrounding science parks are adjusting, especially in places like Zhubei and Nankang, which may face greater impacts. As talent flows to the United States and bank lending tightens, investors should act cautiously and consider selling off properties early if they hold multiple real estate assets. Moreover, the real estate market is unlikely to rebound significantly before there are substantial changes in policy.

Due to the impact of TSMC's investment policy in the U.S., the market for TSMC properties in Taiwan may see a leading drop in the short term. Experts remind investors not to buy at high prices. The real estate market is facing weakened prices and transaction volumes in the first quarter, with a strong atmosphere of market observation. TSMC has ramped up its investment in the U.S. by hundreds of billions of dollars, which has led to a crowding-out effect on Taiwan's real estate market. Experts indicate that the short-term outlook for TSMC properties in Taiwan may show a downward trend. "The central bank's housing measures are like a chain reaction of fire; market confidence and demand are gone, especially in the housing market around the science parks. Everyone should take a wait-and-see approach, particularly in Zhubei where the baseline is higher, and not chase after prices." In a certain program, experts analyzed the potential concerns regarding TSMC properties and highlighted the need to pay special attention to TSMC properties in the four counties of Zhubei, Zhongli, Tainan, and Kaohsiung.

“Before the elections in 2027, the decisions made by the central bank's governor will dominate the entire market. If real estate prices remain too high, there should be no further pursuit.” Experts state that unlike the stock market, once real estate prices drop, they may take a long time to recover unless there are significant policy changes. Otherwise, under the current circumstances of insufficient market confidence, overheated products will face greater downward pressure, and the high prices of TSMC properties in central and southern Taiwan have also been impacted by the U.S. investment policy, affecting the pace of factory establishments in Taiwan. Experts point out, “Investors in these regions should be alert! I predict that TSMC properties overall will decline by 7.5% to 10% this year, and it's advisable to consider selling at the right time for stability.”

Based on the analysis of the fluctuations in property prices around the science park, the sales climate has significantly cooled in the second half of last year due to tightened bank mortgages and credit control. Many people have shifted their expectations regarding rising property prices and have chosen to wait for better home-buying opportunities, resulting in more conservative bidding and subsequent price corrections. The four major counties of Zhubei and Changhua, Daya, Guiren and Yongkang in Tainan, and Nanzi in Kaohsiung have been more heavily impacted; self-use demand remains unaffected, but investors with multiple properties should consider timing their sales.

Experts further analyze that while TSMC engineers have decent incomes, a household might invest in multiple properties, but in a downturn, they may choose to hold back or sell their houses. Once engineers are assigned to the U.S., they might sell all their properties, leading to an imbalance in market supply and demand, which will cause prices to drop. The technology levels at the Zhuke are 14 nm and 20 nm, while in Zhongke it is 7 nm; the processes in Nanke and Kaohsiung’s Nanzi are similar to those in the U.S. As TSMC expands its investments in the U.S. from 3 factories to 8 factories, including wafer fabrication plants, packaging and testing facilities, and R&D centers, each factory requires about 4,000 employees, and talent in Nanke is also migrating to the U.S. How will housing demand look in the future?

Confidence in the real estate market is key to supporting buying momentum; if expectations continue to decline, the impetus to chase prices will disappear. Experts believe that while TSMC properties are unlikely to crash, overheated areas will gradually return to a stable phase and enter a consolidation period. "Expansion plans are still underway; however, for uncertain factories, there is no need to have excessive expectations."

More detailed information can be found in related programs.