Thu, Aug 18, 2016 - Page 3 News List

China Youth Corps sold property in Taipei: sources

By Ou Hsiang-yi, Chen Yung-chi, Yang Chun-hui and Jonathan Ch  /  Staff reporters, with staff writer

The Taipei property was previously listed by Taiwan Land Development Corp as part of a parcel in its urban development project, according to records published on the Internet in January last year.

However, when asked for comment, Taiwan Land Development Corp chairman Chiu Fu-sheng (邱復生) said the firm had suspended work on the project and transferred it to Sunrise Construction, adding that he is not clear about what happened after that.

The KMT and its alleged affiliates reportedly possess numerous properties in the Taipei Main Station area, including a 500 ping property owned by Hsin Kuang Hua in Building C1 of the suspended Taipei Twin Towers project, which Hsin Kuang Hua unsuccessfully tried to sell for NT$250 million earlier this year.

On Aug. 2, the Taipei City Government issued a moratorium on any trading of property owned by Hsin Kuang Hua in the Taipei Twin Towers project, saying that the city would return the property to the government if committee ruled it was an illegally obtained party asset.

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