Q1 may see NT$133.7 bil. in pre-construction homes
The China Post news staffTAIPEI, Taiwan -- Publicly listed construction firms will roll out a total of NT$133.7 billion worth of pre-construction projects in the first quarter of next year, reported My Housing Magazine yesterday.
December 28, 2012, 12:47 am TWN
The trade publication polled developers listed on the Taiwan Stock Exchange and over-the-counter market and found 20 of them with plans to begin pre-construction projects in the first quarter of 2013, with a total price tag of NT$133.7 billion.
“Although the figure is not a record high, it does represent developers' upbeat sentiment toward the real estate market,” said Ni Tsu-jen, researcher with My Housing.
Among the developers, High Wealth is the most active in its pre-construction rollout plans as it seeks to unveil NT$42.5 billion worth of new homes, three of which will carry a price tag of NT$10 billion each. They are Taipei Jinglin, Nation's No. 1 and a project to redevelop a building that was formerly Rihu Department Store in Neihu District of Taipei.
Huaku ranks No. 2 with NT$14 billion worth of pre-construction homes that it plans to roll out. These will include properties in Shilin and Beitou Districts of Taipei City.
Hung Sheng will meanwhile build an upscale apartment worth NT$7 billion on a 5,000-ping block of land in Tamsui District of New Taipei. Each ping is 3.3 square meters.
Hung Poo, which focuses mostly in the Taipei and New Taipei markets, will roll out four projects in the first quarter with a total price tag of NT$7.9 billion.