The plan includes projects valued at NT$10.8 billion in Taiwan and NT$19 million in Chengdu, China, Lai said at a gathering in Taipei. He said he believes that Taiwan’s policymakers would introduce more unfavorable local property market measures, as real-estate lending has failed to slow down. Shining Building Business Co chairman Lai Cheng-i stands in front of a model of a construction development in Taipei on March 18 last year. The Changhua project has 238 apartment units on plot of 1,500 ping (4,959m2) and could generate NT$2.8 billion in sales, the company said. In the meantime, Shining aims to focus on urban renewal projects in Taipei and New Taipei City, as such undertakings are not affected by credit controls, Lai said.

Source: Taipei Times February 16, 2022 22:09 UTC