Taipei City Government boosts Neihu development

To speed up the development of Neihu Technology Park, the Taipei City Government yesterday announced it would relax zoning regulations and make 175 hectares available for the park's expansion next year.

The "Great Neihu Technology Park Development Plan" will allow technology companies or enterprises to set up headquarters or offices in Dawan south section industrial district and the fifth Neihu rezoning district, land previously zoned for industrial use.

Part of the new area could be used to build luxury apartments or houses for technology park employees, Taipei Mayor Hau Lung-bin (郝龍斌) said at Taipei City Hall.

"The park is a favorite location for many companies, with more than 95 percent of the land in use. The availability of more land will attract more businesses and speed up the development in Neihu and the city as a whole," Hau said.

Hsu Chih-chien (許志堅), director of Taipei City's urban development department, said about 35 percent of the area marked for expansion was residential land. The price of the land was expected to increase after the implementation of the expansion plan, he said.

"The park will be twice its present size and we expect the output value of the park to multiply," he said.