• By Crystal Hsu / Staff reporter

Local property developers plan to launch NT$333.93 billion (US$10.16 billion) of new housing projects in northern Taiwan in the spring sales season, a new high despite weak sentiment induced by the central bank’s credit controls, Chinese-language My Housing Monthly (住展雜誌) said yesterday.

That represents an 8.2 percent uptick from the same period last year when the market was heating up, aided by favorable lending terms the government introduced in August 2023 for purchases of first homes.

Some developers are pressing ahead with project releases after setting aside money for reception facilities, media promotions and sales personnel, the magazine’s spokesman Chen Ping-chen (陳炳辰) said.

Photo: Hsu Yi-ping, Taipei Times

The spring sales season begins on March 29 and runs through the end of next month.

Taipei and New Taipei City would be see most of the new project launches, with New Taipei City contributing NT$146.65 billion, more than 40 percent of the overall volume, the magazine found.

New projects are to be launched in rezoning quarters of Banciao (板橋), Sindian (新店) and Sanchong (三重) districts that could generate more than NT$10 billion in sales for developers Shin Ruenn Development Co (新潤興業) and JSL Group (甲山林), it said.

YeaShin International Development Co (亞昕國際開發) and Forward Development Co (馥華開發) are to roll out new projects in Linkou (林口) and Sinjhuang (新莊) districts, it added.

Taipei ranks second by contributing NT$110.25 billion, the magazine said, adding that a project in Nangang District (南港) would bring in about NT$10 billion in potential sales.

There are also smaller projects in Songshan (松山) and Zhongshan (中山) districts that could each generate less than NT$5 billion of sales, it said.

Taoyuan, which delivered a strong performance last year, would be relatively low key, with projected sales of NT$65.38 billion, while potential sales in Hsinchu County would be NT$11.25 billion, the magazine said.