Core Pacific Development Corp (鼎越開發) on Monday launched a pre-sale mixed-use project in downtown Taipei valued at more than NT$2 million (US$64,948) per ping (3.3m2), unfazed by an economic slowdown.
The company, an affiliate of Core Pacific Group (威京總部集團), whose business interests include China Petrochemical Development Corp (中石化) and BES Engineering Corp (中華工程), said its pricing strategy is reasonable and profitable for buyers, as there is robust demand for upscale office space in central locations, but limited supply.
The planned Core Pacific Plaza (京華廣場) in Songshan District (松山) is to feature four office buildings with 19 floors above ground and seven below, Core Pacific Group executive deputy general manager Max Chang (張嘉文) said.
Photo courtesy of Core Pacific Development Corp
The company intends to sell two buildings and keep another two for rent, allowing it to tap the property management business, Chang said.
Monthly office rents at Taipei Nan Shan Plaza (台北南山廣場) in the neighboring Xinyi District (信義) have reached NT$5,252 per ping and might climb higher, Chang said.
Core Pacific Plaza would prove equally competitive, as it is designed by Taipei 101’s architect, and would use the newest construction technologies to boost energy efficiency and meet sustainability requirements, he said.
The company’s asking prices might sound expensive today, but could become lower than others, due to its environmental, social and governance (ESG) compliance, as most existing office buildings do not meet ESG standards, Chang said.
On Ireland’s blustery western seaboard, researchers are gleefully flying giant kites — not for fun, but in the hope of generating renewable electricity and sparking a “revolution” in wind energy. “We use a kite to capture the wind and a generator at the bottom of it that captures the power,” said Padraic Doherty of Kitepower, the Dutch firm behind the venture. At its test site in operation since September 2023 near the small town of Bangor Erris, the team transports the vast 60-square-meter kite from a hangar across the lunar-like bogland to a generator. The kite is then attached by a
Foxconn Technology Co (鴻準精密), a metal casing supplier owned by Hon Hai Precision Industry Co (鴻海精密), yesterday announced plans to invest US$1 billion in the US over the next decade as part of its business transformation strategy. The Apple Inc supplier said in a statement that its board approved the investment on Thursday, as part of a transformation strategy focused on precision mold development, smart manufacturing, robotics and advanced automation. The strategy would have a strong emphasis on artificial intelligence (AI), the company added. The company said it aims to build a flexible, intelligent production ecosystem to boost competitiveness and sustainability. Foxconn
Leading Taiwanese bicycle brands Giant Manufacturing Co (巨大機械) and Merida Industry Co (美利達工業) on Sunday said that they have adopted measures to mitigate the impact of the tariff policies of US President Donald Trump’s administration. The US announced at the beginning of this month that it would impose a 20 percent tariff on imported goods made in Taiwan, effective on Thursday last week. The tariff would be added to other pre-existing most-favored-nation duties and industry-specific trade remedy levy, which would bring the overall tariff on Taiwan-made bicycles to between 25.5 percent and 31 percent. However, Giant did not seem too perturbed by the
TARIFF CONCERNS: Semiconductor suppliers are tempering expectations for the traditionally strong third quarter, citing US tariff uncertainty and a stronger NT dollar Several Taiwanese semiconductor suppliers are taking a cautious view of the third quarter — typically a peak season for the industry — citing uncertainty over US tariffs and the stronger New Taiwan dollar. Smartphone chip designer MediaTek Inc (聯發科技) said that customers accelerated orders in the first half of the year to avoid potential tariffs threatened by US President Donald Trump’s administration. As a result, it anticipates weaker-than-usual peak-season demand in the third quarter. The US tariff plan, announced on April 2, initially proposed a 32 percent duty on Taiwanese goods. Its implementation was postponed by 90 days to July 9, then
RSS