Developers in northern Taiwan plan to roll out a record NT$418.24 billion (US$13.65 billion) of new projects for the spring sales season, almost double the volume last year, driven by residential, commercial and industrial properties, the Chinese-language My Housing Monthly (住展雜誌) said yesterday.
Residential projects would generate NT$222.9 billion from sales, or 53.29 percent, while commercial and industrial properties would make up for the remaining sum, the publication’s survey found.
The new high volume is due to the entry of index properties such as the Core Pacific Plaza (京華廣場), a mixed-use property in Taipei’s Songshan District (松山) by Dingyue Development Corp (鼎越開發), an affiliate of China Petrochemical Development Corp (中石化), it said.
The plaza would feature four upscale office buildings with 19 aboveground floors and seven basement floors on a 5,000 ping (16,529m2) plot of land on the former site of Living Mall (京華城).
The massive complex achieved Global Real Estate Sustainability Benchmark’s highest recognition for its environmentally friendly design, Dingyue said yesterday.
Taipei posted NT$260.37 billion in property projects from March 29 to the end of next month, it said, adding that projects valued at more than NT$25 billion would be seen in Daan (大安) and Zhongshan (中山) districts.
New Taipei City posted NT$80.63 billion in new projects, with Sanchong District (三重) contributing NT$35 billion, it said.
If plans proceed smoothly, the district could see 40 projects competing for buyers’ attention, making it the city’s most competitive area, it said.
Apartment units priced up to NT$18 million appear in Sanchong, it said.
In Taoyuan, overall sales would amount to NT$44.47 billion, and rezoning areas in Cingpu (青埔) and Gueishan (龜山) districts continue to be the main battleground, it said.
However, there is only one project by Farglory Land Development Co (遠雄建設) that would generate sales of more than NT$10 billion, as most other projects are relatively small, it said.
Hsinchu City and Hsinchu County would see sales of NT$31.17 billion in new projects as developers regain confidence after COVID-19 infections stabilize, it said.
New projects in Hsinchu County are planned in Sinpu (新埔), Hukou (湖口) and Sinfeng (新豐) townships as well as Jhubei City (竹北), it said.
Most developers prefer to stay on the sidelines until the government explains how it would ban transfers of presale house purchase agreements, the publication said, adding that the practice suggests the sales volume for the summer sales season would be huge.
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