Developers plan NT$150bn of projects in northBy Crystal Hsu / Staff reporterDevelopers in northern Taiwan plan to launch NT$150 billion (US$5.39 billion) of presale and newly completed housing projects for the fall season, as the market regains some confidence amid a declining number of COVID-19 cases in Taiwan, the Chinese-language My Housing Monthly said. “There are nine projects with total sales exceeding NT$10 billion, indicating an evident recovery in confidence on the part of developers,” wrote Ho Shih-chang (何世昌), research manager at the publication. Residential and office buildings are pictured in Taipei’s Nangang District on Saturday. Most of the large projects are in the greater Taipei area — four in Taipei and three in New Taipei City — as the region sheds the COVID-19 hotspot label, encouraging developers to launch new projects, My Housing Monthly said. Town-making in Keelung drives massive residential projects with more than 1,000 apartment units that require relatively low down payments of NT$560,000, it said.

Source: Taipei Times August 30, 2021 15:56 UTC