Taipei, Oct. 28 (CNA) The Taipei District Court on Friday sentenced Farglory Group founder Chao Teng-hsiung (趙藤雄) to seven years in prison for bribery involving land development projects in New Taipei.
TAIPEI DOME: Civic officials were among 31 people charged with bribery in several public projects, although Farglory Group said it believes its founder did nothing illegalBy Chang Wen-chuan, Hsu I-ping and Liu Tzu-hsuan / Staff reporters, with staff writer
Major Taiwanese developers and brokers are poised to launch new housing projects in the coming spring sales season to take advantage of the nation’s robust economy and a real-estate boom.
Taiwan’s two largest housing agencies, JSL Construction & Development Co (愛山林) and Hiyes International Co (海悅國際開發), said they have NT$110 billion (US$3.95 billion) and NT$80 billion worth of projects on hand for the season with starting dates next month and April.
The sales strategy reflects positive sentiment on the supply side, encouraged by last year’s strong growth in GDP of 6.28 percent, and could continue to expand by more than 4 percent
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