Shin Kong Life Tower (新光摩天大樓), located across Zhongxiao W Rd from Taipei Railway Station, continued to top the capital’s skyscrapers this year with the highest government-assessed land price.
The building’s land price was NT$3.36 million (US$103,867) per ping (3.3m²), up 0.41 percent from last year, the Taipei City Government said yesterday.
The high-rise building retained its “King of Land” title for the 12th consecutive year, the Taipei City Land Department said in an annual press conference.
PHOTO: WANG MIN-WEI, TAIPEI TIMES
The department attributed the rise in the 51-story skyscraper’s land price to the opening of Taipei Bus Station in mid-August, construction of the airport express, its floor-to-area ratio of 1,600 percent and a proposal for twin tower buildings nearby, attracting bigger crowds and more business.
The land price of Shin Kong Life Tower was followed by Taipei 101 at NT$3.07 million per ping, the land department said.
The Xinyi District (信義) skyscraper’s land price was up 1.98 percent year-on-year. Taipei 101 has a lower floor-to-area ratio than the Shin Kong building at 710 percent, the department said.
Huang Rong-feng (黃榮峰), commissioner of the department, said Taipei 101 would continue to increase in value as a result of rapid development in the district and the completion of the Xinyi MRT line in 2012.
Chiu Tai-hsuan (邱太), a real estate analyst at Taiwan Realty Co (台灣房屋), forecast that Taipei 101 would quickly catch up and overtake the Shin Kong building in 2015 given the district’s rapid development.
He said in a statement yesterday that the land price of Taipei 101 had risen 3.25 percent in the past eight years, outperforming Skin Kong Tower’s 0.49 percent increase.
The department is expected to release its list of land prices on Jan. 1, which will be used for the city’s property owners to file for their land value taxes next year.
On average, the city’s land prices for next year will rise by 2.12 percent from this year — the smallest increase since 2005 and slightly smaller than the annual increase of 2.61 percent seen this year.
Huang said the financial crisis and the poor performance of the real estate market both contributed to the slow growth of real estate prices.
Well-planned public infrastructure, convenient transportation and a great business location attributed to the city’s land price gain amid the nation’s earlier property slump, the department said.
Among the city’s 12 administrative districts, Neihu District (內湖) saw the biggest jump in land prices at 2.89 percent year-on-year as more businesses move there and transportation improves.
Neihu was followed by Da-an (大安) and Zhongzheng (中正) districts, the department’s figures showed. The commercial area in Tianmu (天母), however, was hit by the economic slowdown, showing a slight drop in land prices.
Huang said the city’s land prices were calculated by collecting information from real estate agencies and land acquisition companies as a reference for the next year’s market prices.
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
RSS