Thu, Feb 21, 2013 - Page 13 News List

Pau Jar leads in new construction projects

By Crystal Hsu  /  Staff reporter

Pau Jar Group (寶佳機構), a New Taipei City (新北市)-based residential property developer, topped its domestic peers in terms of new construction volume last year, with projects nationwide totaling NT$97 billion (US$3.27 billion), an annual survey by Housing Monthly (住展雜誌) showed.

The figure marked a 47 percent increase from NT$66 billion a year earlier as Pau Jar rolled out projects in central and southern Taiwan, rather than focusing on familiar territory in the New Taipei City, Taoyuan and Hsinchu areas, the magazine said on Tuesday.

THIRD YEAR

It is the third consecutive year that Pau Jar has topped the sector.

Pau Jar was followed by Farglory Land Development Co (遠雄建設), with NT$69 billion worth of new projects in Sijhih (汐止), Jhonghe (中和) and Sinjhuang (新莊) of New Taipei City, Housing Monthly said.

High Wealth Construction Co (興富發), which has aggressively built up land stock in recent years, was the third-busiest developer, with luxury home and office building projects valued at NT$59 billion in Greater Taichung and Greater Kaohsiung, the magazine said.

Lih Pao Construction Co (麗寶建設) and Chungyuet Group (中悅建設) were fourth and fifth, with projects valued at NT$32.8 billion and NT$30.4 billion last year respectively, Housing Monthly said.

COMEBACK

Chungyuet had slipped from its place in the top 10 in the past few years, but staged a comeback by launching high-end apartment projects in Taoyuan and Hsinchu, the magazine said.

Chang Hong Construction Co (長虹建設), the most profitable developer last year, with earnings of NT$24.54 per share, was seventh, with NT$26.3 billion worth of projects in Taipei’s Neihu District (內湖), Housing Monthly said.

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