Huaku Development (TPE:2548) signed a joint construction and housing allocation deal with two individual landowners to develop a residential project in New Taipei, Taiwan, according to a Monday Taiwan Exchange filing.
Shares slid over 1% in Tuesday's midday trade.
The project covers 5,509.1 square meters of land in Xingui Section.
Huaku Development expects to invest about NT$4.73 billion in the project, which will comprise residential units and parking spaces for sale or lease, it said.
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