Fewer presale projects head for market

FEELING CAUTIOUS:Developers have to roll out some new projects to be able to book income under new accounting rules, even if the market is not that strong this fall

Taipei Times
Date:  Sep 21, 2015
By: Crystal Hsu  /  Staff reporter

Developers plan to launch NT$115.2 billion (US$3.53 billion) worth of presale home projects in northern Taiwan during the fall sales season, 4.3 percent less than they did a year ago, analysts said yesterday.

“The modest retreat reflects caution on the part of building companies, many of which have no choice but to introduce new projects to guarantee stable income under new accounting rules,” Ho Shih-chang (何世昌), research manager at Chinese-language magazine Housing Monthly (住展雜誌), said by telephone.

The fall sales season, which runs from the third week of September to the end of October, is traditionally the high season for putting new projects on the market after the spring campaign in April.

Building companies, especially listed ones, might not be able to book any income if they do not introduce new projects, Ho said.     [FULL  STORY]

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