The company is also to launch presale housing projects valued at NT$15.38 billion in Chengdu, China, to take advantage of its rapid economic growth, he added. Meanwhile, Shining said it aims to wrap up sales for its luxury hot-spring housing Forever Young (鄉林玉川) in Taipei’s Beitou District (北投) this year, as buying interest picks up. “Prospective buyers have doubled since late last year and negotiation time declined by one week,” Lai said. Overall, Lai said that the nation’s presale and new housing projects this year would reach a value of more than NT$1 trillion, higher than the NT$900 billion he estimated last month. The government’s appointment of central bank Deputy Governor Yang Chin-long (楊金龍) to succeed outgoing Governor Perng Fai-nan (彭淮南) helps ease uncertainty and suggests that interest rates are to remain low for a while to support economic growth, he said.

Source: Taipei Times February 11, 2018 15:56 UTC