Developers are planning to launch NT$147.76 billion (US$4.82 billion) in presale and new housing projects in northern Taiwan for the new sales season beginning on May 20, up 21.17 percent from the same period last year when Taiwan’s COVID-19 situation weighed on the market, a report by My Housing Monthly said on Thursday.
The increase suggests that developers’ confidence improved after the government eased most COVID-19 restrictions, My Housing Monthly research manager Chen Tsai-chi (成采錡) said.
However, the figure is the second lowest in five years, as economic woes and unfavorable policies continue to dampen sales, Chen added.
Photo: Hsu Yi-ping, Taipei Times
New Taipei City ranked first in terms of new projects, with NT$73.8 billion, the magazine said, adding that most projects in the city are MRT Yongning Station in Tucheng District (土城區).
JSL Group (甲山林) and Hiyes International Co (海悅國際開發) are planning to introduce more than 1,000 apartment units in the area, it said, adding that Banciao (板橋) and Wugu (五股) districts would contribute another NT$10 billion to new projects in New Taipei City.
Projects in Taipei total NT$38.1 billion, Chen said.
Kingdom Construction Corp (冠德建設) and Yang Sheng Construction Co (楊昇建設) are planning new projects on Fuxing S Rd, while Fabulous Group (將捷建設) is planning to unveil new projects near MRT Nanjing-Sanmin Station in Taipei’s Songshan District (松山), the magazine said.
A presale project near Taipei Raiway Station would add NT$10 billion to the city’s total, it added.
Developers are pressing ahead with new projects, unfazed by a forthcoming ban on transfers of presale house purchase agreements, after pushing back launches during the pandemic, Chen said, adding that convenient locations give them confidence.
By contrast, developers turned cautious about marketing projects in Taoyuan and Hsinchu, with new launches totaling NT$22.06 billion and NT$9.3 billion respectively, the magazine said.
That is because major players launched projects in Taoyuan and Hsinchu last quarter, but sales have so far been disappointing, Chen said, adding that the market in Taoyuan and Hsinchu appears soft.
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