Taiwan’s major developers remain positive about their business prospects this year, even though an ongoing COVID-19 outbreak and unfavorable policy measures are dampening buying interest.
Continental Development Corp (CDC, 大陸建設), the property development arm of Continental Holdings Corp (欣陸投控), on Wednesday said that it is planning to go ahead with development projects and land hunting, as it is seeking to support earnings in the next few years.
“The ongoing virus outbreak will be another temporary damper on the housing market,” CDC chief executive officer Liao Tsung-sen (廖淳森) told a news conference in Taipei.
However, the situation would improve once the COVID-19 situation stabilizes,