Taipei to set up so­cial hous­ing cor­po­ra­tion: of­fi­cial

The China Post - - TAIWAN BUSINESS -

The man in charge of Taipei’s ur­ban devel­op­ment said the city gov­ern­ment will set up a public hous­ing cor­po­ra­tion by the end of this year to build and man­age 50,000 for-rent-only hous­ing units in eight years.

Lin Chou-min ( , direc­tor of the cap­i­tal city’s Depart­ment of Ur­ban Devel­op­ment, made the state­ment af­ter sign­ing a mem­o­ran­dum of un­der­stand­ing with Seoul’s SH Cor­po­ra­tion to model its suc­cess­ful ex­pe­ri­ence in the devel­op­ment and con­struc­tion of hous­ing projects in South Korea.

Re­it­er­at­ing Mayor Ko Wen-je’s ( cam­paign prom­ise to build 20,000 hous­ing units in four years and 50,000 units in eight years, Lin said South Korea’s cap­i­tal city has since the 1990s built 220,000 so­cial hous­ing units, ac­count­ing for 6.2 per­cent of the city’s to­tal num­ber of res­i­dences.

“At present, we have only 6,600 public hous­ing units in Taipei or 0.7 per­cent of the to­tal hous­ing units. We are aim­ing to raise that per­cent­age to 5 per­cent,” he added.

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