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TPE:2548

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Asia

Huaku Development Buys Land in Taiwan for NT$1.15 Billion

Huaku Development (TPE:2548) acquired about 3,600 square meters of land in New Taipei City, Taiwan, for NT$1.15 billion, according to a Monday filing.The land was purchased from eight unrelated individuals at about NT$1.056 million per ping, the filing said.Huaku said the acquisition is intended for the construction of houses and parking spaces for sale or lease.

TPE:2548
Asia

Huaku Development Acquires New Taipei Land for NT$1.15 Billion

Huaku Development Co (TPE:2548) acquired land in the Huanhan Section of Xinzhuang District, New Taipei City for NT$1.15 billion, according to a Tuesday filing to the Taiwan stock exchange.The company acquired about 3,600 square meters, equivalent to 1,089 pings, at the rate of NT$1.1 million per ping from eight individuals.The land will be used to build houses and parking spaces for sale or lease.

TPE:2548
Asia

Huaku Development Signs NT$4.73 Billion Housing, Parking Project Deal

Huaku Development (TPE:2548) signed a joint construction and housing allocation deal, with the company's investment of about NT$4.73 billion according to a Tuesday Taiwan Stock Exchange filing.The New Taipei project will be developed into residential units for sale or rent, along with parking facilities.Under the terms, the landowners will be allocated between 36% and 37% of the completed real estate assets, while Huaku Development will retain the remaining 63% to 64% share of the property allocation.

TPE:2548

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