Housing developers regain confidenceRECOVERY: The value of projects has risen from last year’s autumn sales season, as developers were idle for the past four months due to a COVID-19 outbreakBy Crystal Hsu / Staff reporterThe value of presale and new housing projects in the six special municipalities is nearly NT$600 billion (US$21.63 billion) for this autumn sales season, as developers are regaining confidence because the COVID-19 situation has improved, the online housing unit of Addcn Technology Co Ltd (數字科技) said in a report last week. The autumn sales season, from Tuesday next week through next month, is a critical gauge of the new housing market’s health in the second half of the year, the online broker said. Cars are parked outside the construction site of Yuanlih Group’s presale housing project in Taipei’s Wenshan District on July 22. That explained why major developers such as Cathay Real Estate Development Co (國泰建設), Yuanlih Group (元利建設) and Ruentex Development Co (潤泰新) have all joined the arena, the report said. New housing projects in Hsinchu City tumbled 57.9 percent to NT$45.99 billion and 77.1 percent in Tainan, as aggressive development in previous years has prompted builders to become conservative and focus on digesting unsold units first, it said.

Source: Taipei Times September 20, 2021 15:56 UTC