About Cathay Real Estate

The world's major economies have gradually entered a cycle of interest rate cuts since mid-2024. Coupled with the strong demand for the development of emerging technologies, Taiwan's economic growth rate in 2024 will perform better than expected, effectively stimulating investment confidence and leading the stock market to maintain a boom of 20,000 points. Overall, the economic performance this year has been outstanding. In the first half of the year, as the results of the presidential election were finalized, AI issues were fermented, export performance improved, and the real estate market increased in popularity, triggering a " panic buying " and leading to rising housing prices in a seller's market with high construction costs. In the first half of the year, the real estate market showed a pattern of "both price and volume rise". Until August, the central bank coordinated the independent management of real estate lending by banks, and immediately launched the seventh wave of credit controls. The market cooled down significantly. However, driven by the enthusiasm of the real estate market in the first half of the year, sales and purchases throughout the year shifted. The number of transferred buildings is still expected to challenge new highs.

2023 marks the 60th anniversary of the company's establishment. In the first half of the year, Cathay ． Hsu (Xinzhuang), Cathay Cheng zhen (Neihu), joint ventures Meta Park and Metro Park (Zhonghe), joint ventures River Park (New Taipei), Cathay Yang Huei (Taichung) and Cathay Yang mu (Tainan) ; Cathay Sen Lin Huei (Taichung) was launched in the second half of the year, and a total of eight projects were launched throughout the year. Because the products meet the needs of home buyers, not only are their prices higher than local standards, but they are also selling well.

In terms of revenue, the construction projects expected to be completed this year include New Taipei's "Cathay He He", Taoyuan's "Cathay XiJing" and Taichung's "Cathay MOST+", as well as the remaining parts completed in the previous year.