Q1 may see NT$133.7 bil. in pre-construction homes

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.

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	US dollar sheds NT$0.002 to end trade at NT$29.126

NEXT ARTICLE
Telecoms launch New Year offers

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit