"If it sells well, the real-estate market may get a boost since wealthy people appear to have stepped up their economic and political confidence in Taiwan by making investments in valuable properties," Chang said.
Yen, however, doesn't think The Palace could be used as a barometer.
He said that Hung Sheng has been very tough on pricing -- be it a high or low property season -- which means that the project hasn't followed the up-and-down of the property market, which is gradually recovering after political tensions surrounding the presidential election.
"Buyers are buying into The Palace not simply because they can afford to, but also to demonstrate their social and economic status, which has nothing to do with the [property] market's prosperity," Yen said.
Both Chang and Yen, however, agreed that the project will take longer than expected to sell since its prices are high.
Yen, nevertheless, said there is no reason for Hung Sheng to reduce its prices since there are plenty of high earners, whom he called "big bosses," who can afford and are willing to buy.
Yen said The Palace will be a very profitable deal for Hung Sheng, estimating the company will see NT$10 earnings per share after the complex is filled.
Hung Sheng will not be the only business to profit from the massive complex.
It recently recruited top interior designers to work for its future tenants and is recommending luxury Baker House antique furniture -- with prices that easily go into the millions.
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