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Huaku Development Posts 122% Profit Surge, Authorizes $8 Billion Land Acquisition Budget
Finance · Real Estate Development · economic_daily · 2026-11-04
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Huaku Development reported a 122% year-on-year profit increase for the first three quarters, alongside an $8 billion budget approval for new land acquisitions.
What Happened
Financial Results: Huaku Development reported a net profit of NT$1.296 billion for the first three quarters of the year, marking a 122.68% year-on-year increase with an EPS of NT$3.86. The third quarter alone contributed NT$352 million to the bottom line, reflecting steady operational performance.
Expansion Strategy: The board has authorized the chairman to allocate up to NT$8 billion for land development projects across the Greater Taipei and Hsinchu regions. This follows recent strategic acquisitions in Xinzhuang and the Xinyi District, totaling approximately NT$4.2 billion.
Project Completion: The company successfully completed three major projects this year, including two residential developments and the NT$8.2 billion 'Huaku Times Land' office complex. Management is prioritizing the bulk sale of the commercial property to bolster annual revenue recognition.
Future Pipeline: Looking ahead to 2027, Huaku has a robust pipeline of three major projects in Taichung and New Taipei City with a combined value of NT$205 billion. Current residential projects remain in high demand, with several developments already reporting over 80% sales rates.