 2014-02-26 |
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Times Report [Reporter Wang Kexin, Taipei]
YC Group (4306) subsidiary Wan Chao Construction has purchased a building located at No. 38, Section 3, Chongqing South Road, Zhongzheng District, Taipei City from the Pacific Cultural Foundation for a total price of NT$310 million. This purchase allows Wan Chao Construction to generate rental income, and the building has significant redevelopment potential. After the current leases expire, there is a possibility of redeveloping the property into small residential units in a prestigious school district.
In recent years, Wan Chao Construction has been actively acquiring land in Greater Taipei. The "Wan Chao Ultimate" project launched in Linkou in mid-2013 offers leisurely living with 167 units and a total sales value of NT$5 billion. The "Wan Chao More" project in Xin-Zhuang sub-central features 72 units and a total sales value of NT$1 billion. The planning and pricing of these projects meet market demand and have attracted considerable interest from homebuyers. The projects are expected to contribute over NT$5 billion in revenue when completed in 2015.
Wan Chao Construction's upcoming projects will target first-time homebuyers and those looking to upgrade their homes. The company plans to launch new projects in Xin-Zhuang sub-central and the second phase of Linkou in 2015. The Xin-Zhuang sub-central Phase II project will be developed on a site of approximately 900 ping, while the Linkou Phase II project will cover 700 ping, both focusing on 30-40 ping residential units. |
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