Full Wang confident for next yearBy Crystal Hsu / Staff reporterTaichung-based Full Wang International Development Co (富旺國際開發) yesterday said that its business outlook remains upbeat for next year, as low interest rates and ample liquidity would continue to support the property market despite the central bank tightening credit controls. Property development would require twice as much capital after the central bank set the loan-to-value ratios at 50 to 60 percent, from 80 percent previously, Full Wang chairman Lin Cheng-hsiung (林正雄) said. Full Wang International Development Co chairman Lin Cheng-hsiung poses for a photograph in Taipei on July 19, 2017. Photo: Hsu Yi-ping, Taipei TimesSales of residential properties and industrial plots have contributed to 74 and 25 percent of the company’s revenue respectively, Full Wang data showed. The company has acquired enough land lots to build new properties for the next four years in Taiwan, Lin said.

Source: Taipei Times December 08, 2020 15:56 UTC