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Shining Building eyeing rosier H2 ahead of polling

Bringing Taiwan to the World and the World to Taiwan ....

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Shining Building plans to launch new projects

Shining Building plans to launch new projects
By Crystal Hsu / Staff reporter
Shining Building Business Co (鄉林建設) aims to launch NT$20 billion to NT$30 billion (US$704.8 million to US$1.06 billion) of new housing projects this year to take advantage of demand fueled by continued capital repatriation and low borrowing costs, Shining chairman Lai Cheng-i (賴正鎰) said yesterday.
The plan was announced even though the Taichung-based developer expects presale projects this year to fall 10 percent from last year as the central bank’s selective credit controls raise capital requirements.
“Shining will seek to introduce new projects valued between NT$20 billion and NT$30 billion a year in Taiwan, while more than doubling the volume to NT$70 billion to NT$80 billion in China,” Lai told a news conference in Taipei. ....

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