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Taiwan’s young adults face record-high mortgages
Young adults in Taiwan face record-high mortgages, with only 21% of young people in Taipei City owning homes. Rising property prices are attributed to labor and material shortages and increasing land prices. Homeownership among young people dropped to 32.2% in 2023, with Taipei and New Taipei having the lowest rates. Kaohsiung has the highest rate of young homeowners at 37.3%.2024/03/28 16:13 -
Worldwide TV sales drop to new decade low: report
Global TV sales dip in 2023, with further decline projected for 2024 amidst changing consumer habits and potential material shortages, impacting prices. Experts foresee growth amid economic recovery.2024/03/01 17:01 -
Yannick cake chain to shut 6 stores amid market shake-up
Yannick, the pioneer of Taiwan’s cream roll cake, is set to close six stores nationwide as part of its 2024 strategy adjustment due to labor shortages and high raw material costs. Despite this, Yannick Chairman Wu Tsung-en remains optimistic about the company’s operations and plans to launch 30 additional Yannick To Go Machine (YTM) cake vending machines. Founded in 2000, Yannick is known for being the first cake shop to specialize in slice cakes and later introduce the cream roll cake.2024/02/27 13:48