Sun Yad forecasts revenue surge from new luxury housing

Taipei Times
Date: Mar 20, 2017
By: Crystal Hsu / Staff reporter

Sun Yad Construction Co Ltd (上曜開發) expects revenue to increase rapidly in the second half of this year, as the company might start to recognize income from a luxury housing project in July, chairman Chang Yu-ming (張祐銘) said on Thursday last week.

The Tainan-based company plans to file for an occupancy permit for the city’s first upscale residential building in May and transfer ownership to buyers in July, Chang said.

“The project, with 24 floors above ground and 88 units, is more than 90 percent sold, beating all market expectations in Tainan, where buyers prefer townhouses and dislike management fees,” Chang told an investors’ conference in Taipei.   [FULL  STORY]

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