Taiwan Business Quick Take

Staff writer, with CNA

Mon, Jun 17, 2013 - Page 14

REAL ESTATE

Property sold for record price

A residential property in Taipei registered an actual price of NT$1.61 million (US$53,957) per ping (3.31m2), the highest on record in Taiwan, realty agents said yesterday. Citing a report by the Ministry of the Interior, which implemented an actual price registration system for real-estate transactions last year, Taiwan Realty Co executive researcher (台灣房屋) Sarah Liu (劉怡蓉) said that a March transaction on an apartment in a new building located on Taipei’s Xinsheng S Road has recorded the highest price in the nation. Saying that the transaction was made for a lower floor apartment, Liu said the price could be expected to be even higher for properties on higher floors, which have a view over Da-an Forest Park.

ELECTRONICS

Flat panel buyers arrive

A group of Chinese buyers arrived in Taipei yesterday for an annual procurement drive for Taiwanese flat panels, according to the Taiwan External Trade Development Council (TAITRA). The group’s leader, China Video Industry Association deputy director Bai Weimin (白為民), has been invited by TAITRA to deliver a keynote speech tomorrow at the Display Taiwan exhibition, the council said in a press release. Bai and her 30-member group from eight major Chinese TV vendors are scheduled to visit several panel suppliers, such as Innolux Corp (群創光電) and AU Optronics Corp (AUO, 友達光電), Bai was quoted by the Economic Daily News as saying on Saturday. Bai also estimated that the group will place orders for 30 million flat panels worth more than US$4.5 billion this year, in a bid to meet their demand for ultra-high definition TVs, the newspaper said.