Continental Development Corp (大陸建設) yesterday announced the completion of the luxury Treasure Garden (寶格) residential complex in Taichung, which is to become the most expensive housing in central Taiwan.
The building has 39 floors above ground and six basement floors on a plot of 814 ping (2,691m2) near the Taichung Opera House and the city hall in Situn District (西屯).
It offers 66 upscale apartment units that range from 147 to 187 ping and are priced between NT$90 million and NT$150 million (US$3.1 million and US$5.16 million) each, or NT$750,000 to NT$950,000 per ping, officials said.
The price tags exclude parking spaces costing between NT$2.5 million and NT$3 million each, they said.
The developer has sold 70 percent of the complex, leaving only 17 units available, Continental chairman Christopher Chang (張良) said.
Most buyers work in the non-technology manufacturing sector in central Taiwan, Chang said.
“Location, brand and design top the list of concerns among home buyers,” he said.
The Taipei-based developer invited Italian architecture firm ACPV to design the building’s exterior and interior, Chang said.
ACPV is responsible for designing the Bulgari Hotels in London, Milan and Bali.
Architects Antonio Citterio and Patricia Viel designed Treasure Garden’s apartments and public space. The renowned pair are to also design the interior of an upcoming five-star Park Hyatt hotel in Taipei’s Xinyi District (信義).
The luxury home market — which has been under pressure from the government’s measures to curb property fever — showed signs of recovery late last year amid a stable economy at home and abroad, major developers Farglory Land Development Co (遠雄建設), Shining Building Business Co (鄉林) and Highwealth Construction Corp (興富發) have said.
However, the central bank still maintains credit controls on luxury houses, capping mortgages on such homes at 60 percent of the property value, 10 percent lower than for other housing products.
Treasure Garden is to make earnings contributions to Continental Development from this quarter, officials said, declining to elaborate.
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said second-quarter revenue is expected to surpass the first quarter, which rose 30 percent year-on-year to NT$118.92 billion (US$3.71 billion). Revenue this quarter is likely to grow, as US clients have front-loaded orders ahead of US President Donald Trump’s planned tariffs on Taiwanese goods, Delta chairman Ping Cheng (鄭平) said at an earnings conference in Taipei, referring to the 90-day pause in tariff implementation Trump announced on April 9. While situations in the third and fourth quarters remain unclear, “We will not halt our long-term deployments and do not plan to
The New Taiwan dollar and Taiwanese stocks surged on signs that trade tensions between the world’s top two economies might start easing and as US tech earnings boosted the outlook of the nation’s semiconductor exports. The NT dollar strengthened as much as 3.8 percent versus the US dollar to 30.815, the biggest intraday gain since January 2011, closing at NT$31.064. The benchmark TAIEX jumped 2.73 percent to outperform the region’s equity gauges. Outlook for global trade improved after China said it is assessing possible trade talks with the US, providing a boost for the nation’s currency and shares. As the NT dollar