New projects to fall 20% in 2022, developer says
Presale 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. However, Lai, who owns luxury hotel brand The Lalu (涵碧樓), said that housing prices are likely to rise another 10 percent on the back of higher land, labor and building material costs. “Developers will slow the pace of buying land after the central bank last week cut the loan-to-value ratio for lan...
Source: taipeitimes.com