Chang Hong Construction: Worst of Housing Market Over, Expects Policy Easing in Q3
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Chang Hong Construction Chairman Li Wenzao stated at the shareholders' meeting that the central bank's housing market control measures have been in effect for nearly two years, with policy effects gradually showing, and he expects the earliest easing to occur in the third quarter. He is "not pessimistic" about the second-half housing market, believing the worst is over. The company launched five new projects this year with a total sales value of approximately NT$29 billion, achieving a sales rate of about 80%. It is also optimistic about the office markets in Beitou-Shilin Technology Park (Beitou Shilin Tech Park) and Nangang, with two major office projects totaling about NT$26 billion expected to contribute to next year's performance.
AI Analysis
Frequently Asked Questions
- Q: What is the dividend for Chang Hong Construction in 2025?
- A: A cash dividend of NT$5.5 per share was approved.
- Q: Where is the Chang Hong ICT Technology Building located?
- A: It is located in Beitou-Shilin Tech Park in Taipei, less than 100 meters diagonally opposite NVIDIA's headquarters.
- Q: What are Chang Hong Construction's main upcoming projects?
- A: It plans 5 new projects this year (total NT$29 billion) and 7 new projects next year.