By: You Kai-hsiang and S.C. Chang
Taipei, April 27 (CNA) The man in charge of Taipei’s urban development said the city government will set up a public housing corporation by the end of this year to build and manage 50,000 for-rent-only housing units in eight years.
Lin Chou-min （林洲民）, director of the capital city’s Department of Urban Development, made the statement after signing a memorandum of understanding with Seoul’s SH Corporation to model its successful experience in the development and construction of housing projects in South Korea.
Reiterating Mayor Ko Wen-je’s campaign promise to build 20,000 housing units in four years and 50,000 units in eight years, Lin said South Korea’s capital city has since the 1990s built 220,000 social housing units, accounting for 6.2 percent of the city’s total number of residences. [FULL STORY]