Hua Yu Lien Development

What Hua Yu Lien Development does

Hua Yu Lien Development (華友聯開發股份有限公司) is a publicly listed Taiwanese real estate developer (TWSE: 1436) headquartered in Fengshan District, Kaohsiung City, focused exclusively on the residential property markets of Kaohsiung and Tainan. The company purchases land directly, commissions third-party construction contractors to build residential (and to a lesser extent commercial) properties, and sells completed units primarily to first-time homebuyers, upgrading families, and individual property investors through direct sales at on-site model homes and sales centers. Its project portfolio includes mass-market first-home towers in Tainan's 86 Special Zone (EGO, CASA), heritage-integrated premium developments in Zuoying (i World, Yi Shan Ai, NeXT21), and an upcoming Japan-Taiwan collaboration (Yi Xue MDT) with Mitsui Group's MDT design team.

The company monetizes through one-time property sales (the dominant revenue stream) supplemented by recurring rental income from owned commercial and residential properties. Unit pricing has ranged from NT$160,000-175,000 per ping for first-home EGO units to NT$200,000 per ping for I World, with total unit prices typically NT$4-9 million. Revenue is recognized upon project completion, producing highly lumpy reported revenue (NT$53B in 2023 to NT$212B in 2024 in TWD). Differentiated aftersales service includes a 3-year full-home warranty, year-end touch-up services, and the proprietary 'Hua Yu Lien Family APP' for repair requests, community event registration, and resident-to-property-management communication. A broader ecosystem includes wholly-owned subsidiaries in land readjustment (華友聯市地重劃) and hospitality (H Resort, 清水漾), plus a partnership with Hanyang Wenjiao operating Carol International Bilingual Kindergarten in Tainan.

Notable awards include the Golden Quality Award from the Construction and Planning Agency, the Yuanye Award from the Taiwan Landscape Architecture Foundation, and the 2022 Cultural Heritage Preservation Recognition from the Kaohsiung City Government Cultural Affairs Bureau for the i World project. The company has served over 3,000 households across its portfolio and invested in large-scale resident engagement events (yacht experiences, E-Da World buyout for 5,000+ residents, Shou Shan Zoo event with 4,000+ residents) that double as referral-generation channels.

Name

Hua Yu Lien Development

Legal name

華友聯開發股份有限公司

Website

https://huakai.com.tw

Company type

Public

Founded year

1967

Operating status

Operating

Headcount range

11–50 employees

Short description

Hua Yu Lien Development (TWSE: 1436) is a publicly listed Kaohsiung-based real estate developer that commissions construction of residential and commercial properties and sells them primarily to first-time homebuyers, upgrading families, and individual investors in Kaohsiung and Tainan, Taiwan.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Residential real estate development
• Property construction services
• Commercial property development
• Real estate sales
• Property leasing services

Headquarters

HQ city

Taipei

HQ country

Taiwan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Marketing or Sales, Personnel, Infrastructure

Revenue model

1. Property Sales: The company generates revenue primarily from purchasing land and commissioning construction companies to build commercial buildings and residential properties, which are then sold to buyers. This is the core revenue stream.
2. Property Rental: The company also generates revenue from renting out real estate properties (commercial and residential spaces).

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Hua Yu Lien Development acquires land in southern Taiwan and commissions construction contractors to build residential and commercial buildings, which the company then sells to homebuyers and rents out. The firm focuses on first-home and family-upgrade residential towers in the Kaohsiung and Tainan markets, with ancillary operations including a proprietary resident mobile app, a resort (H Resort), and bilingual kindergarten services.

Product overview

Hua Yu Lien Development (華友聯開發股份有限公司, stock code 1436 on the TWSE) is a listed real estate developer specializing in first-home and first-upgrade residential buildings across Kaohsiung and Tainan, Taiwan. The portfolio consists primarily of named residential projects spanning multiple districts — from large-scale mixed-use developments like PowerCity near Kaohsiung International Airport and i World preserving cultural heritage, to boutique towers such as NeXT21 and Yi Shan Ai near the HSR station. The company's product line includes hot projects (以學MDT, 知 道明, 以山 Ai, PowerCity, NeXT21, CASA), completed projects (i 世界, EGO, 樹粼, 森粼, IN H, 幸福JIA, 棕櫚灣, H Time, 秋紅谷), and a proprietary digital service (華友聯 Family APP) for resident management. Projects range from first-home units in the 86 Special Zone of Tainan to luxury towers in Zuoying and Xiaogang districts of Kaohsiung, with total sales values spanning from NT$1.2 billion to NT$10.7 billion per project. The company also operates ancillary businesses including a bilingual kindergarten (卡羅幼兒園) and an H Resort hotel.

Differentiator

Problem solved

Functional benefit

Brands

• 華友聯Family: Proprietary family mobile application for residents providing online repair requests, event registration, and community services
• Hito

Products and services

• Hua Yu Lien Yi Xue MDT (以學MDT) An upcoming residential project in Kaohsiung's Gaodeng District featuring public-facility design by Japan's Mitsui Group MDT design team. The MDT (Modern Dream Town) concept brings triple-green landscape design to create a modern dream community. Targeted at homebuyers seeking premium design in the Kaohsiung area.
• Hua Yu Lien Zhi Dao Ming (知道明) A 27-story luxury residential building near Kaohsiung's Cultural Center and Daoming High School, offering 51-69 ping units with MRT O7 and LRT C31 access. B4 / 27F residential tower targeted at culture-district buyers seeking premium locations.
• Hua Yu Lien Yi Shan Ai (以山Ai) An 18-story residential tower in Zuoying District, Kaohsiung, on a 1,600-ping site near HSR station, TSMC, and 110 hectares of green space. Features 3-4 bedroom corner units with all-age amenities targeted at families and commuters.
• Hua Yu Lien PowerCity A multi-tower residential project in Xiaogang District, Kaohsiung, near Kaohsiung International Airport and adjacent to the 30,000-ping Xiaogang Forest Park. Building plan B3/11-13F residential towers serving the gateway-lifestyle market.
• Hua Yu Lien NeXT21 Inspired by Japan's NEXT21 concept, an 18-story rail-oriented residential tower near the Kaohsiung Museum of Fine Arts with over 30 amenities and premium materials including Japanese Cleanup kitchen cabinets and Bosch appliances. Targeted at premium urban buyers.
• Hua Yu Lien CASA A B2/15F mixed-use residential and retail building in Tainan City's South District, near Wannian 5th Street in the 86 Special Zone. Targeted at families seeking mixed-use convenience in Tainan.
• Hua Yu Lien i World (i世界) Taiwan's first residential building coexisting with a heritage site — a B5/15F mixed-use building in Zuoying that preserved a Qing Dynasty city wall. Features dual-lobby design and over 30 leisure amenities. Targeted at culturally conscious premium buyers.
• Hua Yu Lien EGO A first-home residential building in Tainan's 86 Special Zone with 259 pure-residential units in a single-floor 4-unit double-elevator layout. Priced at NTD 160,000-175,000 per ping. Targeted at first-time homebuyers and young families.
• Hua Yu Lien Sen Lin (森綠) Completed residential building in Fengshan District — B2/15F with 258 units, 2-4 bedroom units ranging 23-50 ping. Completed October 2019. Targeted at families seeking established residential communities.
• Hua Yu Lien Family APP (華友聯Family APP) Proprietary mobile application for Hua Yu Lien Group residents providing online repair requests, latest-news notifications, family-activity sign-ups, community services, and real-time communication with property management. Targeted at owners and residents of Hua Yu Lien projects.
• Property Rental Services Rental of commercial and residential real estate properties owned by the company, generating recurring rental income. Targeted at tenants seeking commercial spaces and residential rentals in the company's owned portfolio.

Quantifiable outcome

• Over 3,000 households served across multiple projects
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered major, minor and core.

• Mitsubishi Group / Mitsui (日本三井集團)majorStrategic or Co-development PartnerHua Yu Lien partnered with Mitsubishi Group's MDT design team for the 'Yi Xue MDT' (以學MDT) project, where Mitsui's subsidiary MDT handles public facility design. This marks a Taiwan-Japan collaboration bringing Japanese design excellence to create 'Modern Dream Town' with triple green landscape design.
• Hanyang Wenjiao (漢華文教事業)minorStrategic or Co-development PartnerPartnership with Hanyang Wenjiao to establish Carol International Bilingual Kindergarten in Tainan's 86 Special Zone. Hua Yu Lien provided land while Hanyang operates the kindergarten, offering tuition discounts to resident families.
• Weiwuying National Kaohsiung Center for the Arts (衛武營國家藝術文化中心)minorGTM or Marketing PartnerHua Yu Lien sponsors Weiwuying's Christmas tree lighting ceremony and exclusive performances. Chairman Lu Zhaoting served as lighting ceremony guest. Company organizes resident activities at Weiwuying including performances and market events.
• Tainan City Government (台南市政府)minorStrategic or Co-development PartnerPartnership for park adoption (Huansi Park) and collaborative community development in 86 Special Zone. Company adopted 3.28-hectare public park to enhance living environment and reduce city maintenance costs.
• Kaohsiung City Government Cultural Affairs Bureau (高雄市文化局)majorStrategic or Co-development PartnerCollaboration on the 'Ji Cheng Plan' (見城計畫) for historical heritage preservation. Hua Yu Lien voluntarily adjusted building design to preserve 50-meter section of Qing Dynasty city wall at I World site, contributing to cultural preservation effort.
• Local Construction CompaniescoreTechnology or IntegrationCommissioned construction companies to build commercial buildings and residential properties. Works with various contractors for different project phases.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Da Li Construction (達麗建設): Listed Taiwanese residential developer with comparable project scale (NT$1-10B per project) and similar focus on first-time homebuyer segments. Direct competitor in mid-market residential construction.
• Kindom Construction (冠德建設): Taiwanese for-sale residential developer with similar mass-market to mid-market positioning. Comparable in scale, listed on TWSE, and competes for the same first-time buyer and upgrade buyer segments in major Taiwanese metros.
• Hung Poo Construction (宏普建設): TWSE-listed residential developer with similar revenue scale and product positioning to Hua Yu Lien. Focuses on residential for-sale projects in northern Taiwan, providing a regional comparison for the same customer segment.
• Yung Shin Construction (永信建設): Mid-sized TWSE-listed residential developer with similar geographic and product focus. Comparable in project size (200-500 units) and pricing tiers for first-time buyers in southern/central Taiwan.
• Da Hua Construction (大華建設): Smaller TWSE-listed residential developer with similar project scale and Taipei/Kaohsiung metropolitan focus. Comparable in revenue tier and customer base, providing a useful size-comparable peer.
• Chong Hong Construction (長虹建設): TWSE-listed residential developer with similar revenue range and for-sale residential focus. Operates primarily in Greater Taipei but provides comparable business model analysis for Taiwan-listed homebuilders.

Broad incumbents

• Prince Housing & Development (太子建設): One of Taiwan's largest residential developers with significantly greater scale and broader geographic footprint. National incumbent competing for the same homebuyer segments but with established brand and capital advantages.
• Cathay Real Estate Development (國泰建設): Established TWSE-listed residential developer with national footprint and a premium-brand positioning. Larger scale and broader geographic coverage, but offers direct competition in the same homebuyer segments.
• Hsin Fu Fa Group (興富發建設): Taiwan's largest publicly listed residential developer with substantially greater revenue scale and national presence. Industry bellwether that smaller developers like Hua Yu Lien are benchmarked against in investor analysis.
• Ruentex Development (潤泰創新國際): Major Taiwanese residential developer with similar business model but larger scale and broader project portfolio. Publicly listed and competes in the same for-sale residential market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubereurl.cc/V510v6
• Facebookfacebook.com/khhyl
• Instagraminstagram.com/building.hyl
• TikToktiktok.com/@iam_hito_hylbuilding

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hua Yu Lien Development