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Huaku Development Acquires Land in New Taipei’s Wenzijun District for $1.15 Billion
Finance · Real Estate Development · economic_daily · 2026-09-01
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Huaku Development has purchased a 1,089-ping plot in Xinzhuang District for NT$1.15 billion, with plans to develop a residential project by 2028.
What Happened
Land Acquisition Strategy: Huaku Development has expanded its land bank by purchasing a 1,089-ping site in the Wenzijun rezoning area of New Taipei City for NT$1.15 billion. The transaction, priced at approximately NT$1.056 million per ping, reflects the company's aggressive strategy to secure prime development sites in the Greater Taipei area.
Strategic Location: The site is situated near Fu Jen Catholic University and Costco, offering excellent living amenities and connectivity. Management highlighted the location's proximity to educational facilities and retail hubs as a key driver for its future residential appeal.
Development Timeline: As the land is currently undergoing rezoning, the company expects to receive the allocated plots by the end of next year. Development is slated to begin as early as 2028, with preliminary plans calling for a 24-25 story residential tower estimated to generate NT$5 billion in sales.
Future Outlook: Huaku remains committed to its strategy of focusing on the Taipei and Taichung markets to maintain a robust project pipeline. The company continues to actively seek high-quality land acquisitions to sustain long-term growth and replenish its inventory.