Support from Good Friends! Huainan Bank Chairman Wu Dongjie Attends Wangzhou Project Press Conference
2018-04-28

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▲ Chairman Wu Dongjie of Huainan Financial Holdings attended the press conference for the completion of YC Group's Wangzhou new housing project, "Wangzhou Elite," on the 28th. (Photo / Reporter Huang Kexiang)

Reporter Yeh Chia-hua / New Taipei City

YC Group (4306) announced that its new housing project, "Wangzhou Elite," has received New Taipei City's first diamond-level green building certification for residential properties. The completion press conference was held today (28th) with residents in attendance, and even Huainan Financial Holdings Chairman Wu Dongjie made an appearance as a "good friend."
Wu Dongjie mentioned that his relationship with YC Group President Johnny is not only due to Huainan Bank being YC Group's main bank, but also because they have been "good classmates" for over 20 years. He praised Johnny Lee as a "very pragmatic and trustworthy" good friend.
Wu also noted that Huainan Bank has been a partner of YC Group since 2005. Last year (2017), YC Group reported a consolidated revenue of NT$18.978 billion, with a net profit after tax of NT$588 million and an EPS of NT$1.30. For the first three months of this year, the publicly available data shows accumulated revenue of NT$5.023 billion, a 20.68% increase year-on-year, reflecting impressive performance.
Wu highlighted that Huainan Bank not only serves as the main lender for "Wangzhou Elite," but also commended the project for its international building production traceability certification and for being the first diamond-level green building residential project in New Taipei City. Additionally, the seismic resistance level exceeds national standards, reaching level 6. He remarked, "Walking around the community, it really is a breath of fresh air!

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▲ A 75-ping model unit of "Wangzhou Elite" A3 Building. (Photo / Reporter Huang Kexiang)

Since 2007, Wangzhou has been deeply rooted in Linkou with notable success. On the 28th, the company introduced the completed "Wangzhou Elite" and the pre-sale project "Wangzhou Prestige." YC Group President Johnny stated that "Wangzhou Elite" offers units ranging from 65 to 95 ping (approximately 2151 to 3136 square feet) and has sold 60% of the units during the pre-sale phase. The main customers are local businesses in Linkou. The total sales for this project are about NT$5 billion, with an average price of NT$360,000 per ping. The pre-sale project "Wangzhou Prestige" offers units ranging from 30 to 55 ping (approximately 990 to 1810 square feet) with a total sales value of about NT$3.5 billion and an average price of NT$400,000 per ping.
Johnny also mentioned that YC Group has been in operation for 40 years, starting with the adhesive tape business and shifting to real estate development for nearly 15 years. When launching its first luxury project "World of the East" in Linkou in 2007, the project sold out quickly during the pre-sale stage. To further integrate residents with their living environment, future real estate projects will incorporate green energy and home healthcare services to provide customers with the best living conditions.

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▲ YC Group President Johnny. (Photo / Reporter Huang Kexiang)
Wangzhou General Manager Peter also stated that, in addition to focusing on the Linkou area this year, the "Xinzhung Phase II" project in the New Taipei City metropolitan area is expected to obtain a building permit in the second half of this year, with construction possibly starting next year. The project will include a hotel and a residential building. The hotel will have approximately 150 rooms, while the residential building will offer over 80 units, featuring smaller unit sizes.
Regarding the hotel business, Peter mentioned that the company currently owns the Youyi Hotel in Shilin, Zhongzheng, and Linkou. The upcoming Xinzhung hotel will differ from the others, with plans to build a five-star hotel to distinguish it from the market.
▼ Wangzhou General Manager Peter. (Photo / Reporter Huang Kexiang)

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Original article URL: Good Friend Support! Huainan Financial Holdings Chairman Wu Dongjie Attends Wangzhou Project Press Conference | ETtoday Real Estate Cloud | ETtoday News Cloud
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