New projects to fall 20% in 2022, developer saysBy Crystal Hsu / Staff reporterPresale and new housing projects might decline by 20 percent to NT$1.45 trillion (US$52.18 billion) next year as developers turn conservative after the central bank tightened terms for land financing, Shining Building Business Co (鄉林建設) chairman Lai Cheng-i (賴正鎰) said yesterday. The anticipated retreat would come after presale and new housing projects have this year increased 11 percent to NT$1.83 trillion, rising for a fifth straight year and bucking Lai’s previous forecast of a decline. A survey by Evertrust Rehouse Co (永慶房屋) found that respondents expected housing prices to continue to climb higher and believed that people should buy before properties become even more expensive. PROPERTY FEVERTaichung has also benefited from property fever thanks to its improved transportation system and its central location, he said. Century Development is looking for new plots of land on which to build biotechnology parks, Huang added.

Source: Taipei Times December 23, 2021 22:09 UTC