The National Property Administration (NPA) yesterday auctioned a 121.3 ping (401m²) plot of land on Jianguo S Road in Taipei for NT$6.02 million (US$187,820) per ping, or a total of NT$731.11 million.
The price represented a 170.31 percent premium on the property’s asking price of NT$2.23 million per ping and the plot ratio — the gross floor area by land area — for the land is as high as 400 percent, NPA data showed.
Yesterday’s winning bid was the second-highest price of land per ping in the history of residential land sales in the city, behind a 116.16 ping piece of land in Zhongzheng District (中正) auctioned for NT$6.79 million per ping on Jan. 28, Evertrust Rehouse Co (永慶房屋) said in a statement.
PHOTO: CHIEN JUNG-FONG, TAIPEI TIMES
GOOD LOCATION
Huang Cheng-fu (黃增福), an assistant manager with Evertrust Rehouse, said the location was good, as the plot is close to Da-an MRT station on the Xinyi Line, which is under construction, as well as several top schools.
The auction attracted 12 bidders and was won by a woman surnamed Chiu (邱), Evertrust said.
The NPA was auctioning the first batch of 12 state-owned pieces of land derived from former military dependents’ villages. Six of those plots were sold yesterday.
“When a thing is scarce, it is precious. In Taipei City, when a piece of land is sold, it means one less piece of land is available,” Huang said.
“The possibility that land prices will continue to set record highs has increased,” Huang said.
URBAN RENEWAL
Meanwhile, analyst Chiu Tai-hsuan (邱太火宣) of Taiwan Realty Co (台灣房屋) said yesterday that developers take into consideration the redevelopment value of land through urban renewal projects when they bid for plots of land.
“Taipei City is keen on urban renewal projects and that’s one of the main reasons why housing prices in the city have remained high,” Chiu said.
TECH PARTNERSHIP: The deal with Arizona-based Amkor would provide TSMC with advanced packing and test capacities, a requirement to serve US customers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is collaborating with Amkor Technology Inc to provide local advanced packaging and test capacities in Arizona to address customer requirements for geographical flexibility in chip manufacturing. As part of the agreement, TSMC, the world’s biggest contract chipmaker, would contract turnkey advanced packaging and test services from Amkor at their planned facility in Peoria, Arizona, a joint statement released yesterday said. TSMC would leverage these services to support its customers, particularly those using TSMC’s advanced wafer fabrication facilities in Phoenix, Arizona, it said. The companies would jointly define the specific packaging technologies, such as TSMC’s Integrated
China’s economic planning agency yesterday outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans announced yesterday appeared to disappoint investors who were hoping for bolder moves, and the Shanghai Composite Index gave up a 10 percent initial gain as markets reopened after a weeklong holiday to end 4.59 percent higher, while Hong Kong’s Hang Seng Index dived 9.41 percent. Chinese National Development and Reform Commission Chairman Zheng Shanjie (鄭珊潔) said the government would frontload 100 billion yuan (US$14.2 billion) in spending from the government’s budget for next year in addition
Sales RecORD: Hon Hai’s consolidated sales rose by about 20 percent last quarter, while Largan, another Apple supplier, saw quarterly sales increase by 17 percent IPhone assembler Hon Hai Precision Industry Co (鴻海精密) on Saturday reported its highest-ever quarterly sales for the third quarter on the back of solid global demand for artificial intelligence (AI) servers. Hon Hai, also known as Foxconn Technology Group (富士康科技集團) globally, said it posted NT$1.85 trillion (US$57.93 billion) in consolidated sales in the July-to-September quarter, up 19.46 percent from the previous quarter and up 20.15 percent from a year earlier. The figure beat the previous third-quarter high of NT$1.74 trillion recorded in 2022, company data showed. Due to rising demand for AI, Hon Hai said its cloud and networking division enjoyed strong sales
Protectionism: US trade chief Katherine Tai said the hikes would help to counter unfair trade practices from China, while boosting domestic clean energy investments US Trade Representative Katherine Tai (戴琪) defended stiff tariff hikes against countries such as China, saying that paired with investment, they were a “legitimate and constructive” tool for reinvigorating domestic industries. Tai’s comments come a week after sharp tariff increases on Chinese electric vehicles (EVs), EV batteries and solar cells took effect — with levies down the line on other products also recently finalized. The latest moves targeting US$18 billion in Chinese goods come weeks before next month’s US presidential election, with Democrats and Republicans pushing a hard line on China as competition between Washington and Beijing intensifies. In an interview on Thursday
RSS