This amount is based on 80% of the average NT$2.2-million price of one golf share for a course based in Central Taiwan over the past two years. Given that the Hsing Nong Golf Course issued 1,750 certificates, that amounts to a total of NT$3.15 billion or over US$98.5 million. However, the current average price of a single golf certificate in central Taiwan has already exceeded NT$3 million (around US$94,000). Nevertheless, the Hsing Nong Golf Course expects to net between NT$15 to NT$20 billion (US$470 to US$626 million) from the sale, even after paying the members’ asking price.