 2016-04-21 |
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"Plastics Stock: YC Ventures into NT$10 Billion Real Estate Projects in New Taipei, Boosting Operations"
April 21, 2016, 12:16 PM
In celebration of its 40th anniversary, YC Group (4306) has announced a strategic move into the real estate market, with its subsidiary, Wangzhou Development, launching NT$10 billion worth of projects. The focus is on "residential housing" plans targeting the New Taipei areas of Xinzhuang and Linkou, with expectations that these projects will significantly boost the group’s revenue in the coming years.
Wangzhou Development's Linkou project, "Wangzhou Jipin," has a total sales value of NT$5 billion, with 70% of the units sold to date, and occupancy is expected to begin in the third quarter of next year. The Xinzhuang project, "Wangzhou MORE," has a total sales value of NT$1.2 billion and has sold 95% of its units, with delivery scheduled for July this year. Additionally, new projects such as "Wangzhou Yipin" with NT$3.5 billion in sales and the Xinzhuang Phase II project with NT$5 billion will push the total sales value over NT$10 billion, promising substantial revenue gains for the group in the next two years.
According to statistics, Linkou has led New Taipei City in per capita income for three consecutive years and has the highest population growth rate in the Twin Cities. Recent large-scale developments, including the Linkou Administrative Park, Mitsui Outlet, cinemas, media parks, and the airport MRT line, have attracted homebuyers, resulting in a stable market with rising prices.
Seeing the future development trends in Linkou, Wangzhou Development is launching "Wangzhou Jipin" with a focus on larger living spaces and high-end specifications comparable to Taipei’s luxury residences. "Wangzhou Yipin" will offer medium-sized units to meet various customer needs. With the dual impact of shopping mall attractions and transportation infrastructure, the sales performance of these projects is expected to rise. The pre-sale of the new project, "Wangzhou Yipin," will follow suit, with buying interest anticipated to increase.
Additionally, the "Wangzhou MORE" and "Xinzhuang Phase II" projects in the Xinzhuang sub-center are located near New Taipei MRT stations, which will intersect with the future airport MRT line and circular line. The convenience of direct boarding and luggage check-in at the MRT New Taipei Station is a significant advantage. With mature living facilities and ongoing developments such as the Central Administrative Building, Cloud Technology Park, Knowledge Industry Park, and Xinzhuang AU MRT Mall, these projects are set to benefit from the growth of the Xinzhuang sub-center, driving buying interest and enhancing operational performance. |
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