Reported 6 months ago
Guoyang Industries General Manager Peng Shaoling stated that 2024 will see the launch of five new projects, including residential projects in Xindian and Keelung, as well as office projects in Xindian, Ximeng Road in Xizhi, and Zhongyi Section in Tucheng. Guoyang has been transitioning to a holding company and focusing on residential and commercial markets, aiming to raise the proportion of commercial developments to over 50% of total sales. The company is optimistic about the industrial upgrade demand and finds the business-office market more favorable than residential in terms of financing, development time, interest costs, fund turnover rate, and profit margins, hence planning to continue expanding its commercial layout. Additionally, Guoyang is venturing into public renewal projects and has secured two large projects in Kaohsiung to mitigate potential debt-to-asset ratio risks and avoid credit constraints on real estate financing imposed by banks. Looking ahead in 2024, the company expects significant progress in property deliveries, with the completion of various projects in the following years contributing to substantial sales revenues.
Source: YAHOO