Life insurance firms raise real-estate investmentsBy Kao Shih-ching / Staff reporterLife insurance companies in Taiwan increased their combined property investments by NT$128.8 billion (US$4.46 billion) to NT$1.34 trillion in the first eight months of this year, data compiled by the Financial Supervisory Commission (FSC) showed on Tuesday. The increased investment by life insurers for the whole of this year is expected to hit a new record, compared with the previous high in 2012, when life insurers added NT$111.8 billion in new property investment, FSC data showed. That prompted the FSC in 2013 to implement tighter regulations on real-estate investment by life insurers to curb an overheated market. Life insurance companies have increased their property investments this year to seek better returns. Shin Kong Life Insurance Co (新光人壽) on Tuesday announced it had won a BOT contract for Nangang Bus Station for NT$610 million.

Source: Taipei Times October 21, 2020 15:56 UTC