 2016-04-21 |
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YC Group Launches NT$10 Billion Real Estate Projects to Boost Profits This and Next Year
April 21, 2016, 11:00 AM
YC Group (4306) is undeterred by housing market restrictions and is launching NT$10 billion worth of real estate projects under its subsidiary, Wangzhou Development. These projects focus on 'residential suitability,' targeting the housing markets in Xinzhuang's sub-central area and Linkou New Town. Wangzhou Development's CEO, Li Shuwei, stated that the 'residential suitability' projects emphasize convenient transportation, well-developed commercial areas, and pristine educational environments, with high standards for project quality and attention to surrounding living conditions.
Li Shuwei mentioned that Wangzhou Development's Linkou project, 'Wangzhou Supreme,' has a total sales value of NT$5 billion, with over 70% of units sold, and is expected to start handover in the third quarter of next year. The Xinzhuang project, 'Wangzhou MORE,' has a total sales value of NT$1.2 billion and is 95% sold, with handover scheduled for July this year. Additionally, new projects 'Wangzhou Elite' with NT$3.5 billion and Xinzhuang Phase II with NT$5 billion will push the total project value beyond NT$10 billion, expected to significantly boost the group’s revenue and profits for this year and next. |
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