Community movie theater Star Cinema (新民生戲院) and adjoining storefronts are to be auctioned off next month with a floor price of nearly NT$200 million (US$6.52 million), as their property owner, Shin Kong Life Insurance Co (新光人壽), seeks to revitalize old assets, bid organizer Colliers International Taiwan (高力國際) said yesterday.
The complex in Taipei’s Songshan District (松山) has a floor space of 397 ping (1,312m2), with the floor price likely being set at NT$480,000 per ping, implying an asking price of NT$190.56 million overall.
Community movie theaters are losing market share to movie theater chains such as Vieshow Cinemas (威秀影城) and Showtime Cinemas (秀泰影城), but some manage to survive, thanks to strong customer loyalty and convenient locations, Colliers Taiwan managing director Andrew Liu (劉學龍) said.
Photo: Lin Chia-yu, Taipei Times
Liu cited the examples of Blossom Cinema (梅花戲院), Broadway Cinema (百老匯影城), Halar Cinema (哈拉影城) and Governor Cinema (總督影城), almost all of which have been renovated or upgraded to stay competitive.
Colliers Taiwan said it has received inquiries partly because Star Cinema sits next to storefronts that generate stable rental income and pose potential urban renewal benefits.
The complex comes with seven basement parking spaces and might join movie theater chains, it added.
Another broker, Global Living Co (全球居不動產), raised doubt over the asking price, saying the complex is more than 40 years old.
While the residential spaces in the building’s upper floors might sell for more than NT$1 million per ping, the commercial spaces on the lower floors are not as attractive due to their poor lighting, Global Living said.
Rent returns could hover at about 2 percent based on the asking price, Global Living said.
NXP Semiconductors NV expects its first automotive-grade 5-nanometer chip built by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) to become available for automakers within one-and-a-half years at the earliest, following demand for better computing performance and energy efficiency for connected vehicles, a company executive said yesterday. That would mean a significant upgrade from the 16-nanometer technology NXP adopted in its existing series of microprocessors. NXP chief technology executive Lars Reger made the remarks during a media briefing yesterday in Taipei. The latest updates came after NXP unveiled its plan to source 5-nanometer capacity from TSMC in 2021. This is Reger’s first trip to
AI TREND: TSMC has been rapidly expanding capacity to meet a spike in demand for advanced packaging services, but still expects supplies to be tight for 18 months Arizona is in talks with Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) about advanced chip packaging, state Governor Katie Hobbs said yesterday, which is crucial for the manufacturing of artificial intelligence (AI) chips. TSMC, which is building a US$40 billion chip factory in the US state, has not announced plans to build facilities for advanced chip packaging in the US. Advanced packaging processes stitch multiple chips together into a single device, lowering the added cost of more powerful computing. “Part of our efforts at building the semiconductor ecosystem is focusing on advanced packaging, so we have several things in the works around that
The European Commission’s digital chief yesterday said that murky Chinese laws were fueling concerns among foreign firms in the country, following discussions with Beijing officials about critical areas such as artificial intelligence (AI) and data governance. Vera Jourova, who is also the commission’s vice president, made the comments after meeting on Monday with Chinese counterparts including Vice Premier Zhang Guoqing (張國清) in the second “High-level Digital Dialogue” between the two sides. Among the concerns Jourova said she had heard about from European businesses in China was the “unpredictability of the decisions and interpretation of the laws by the regulators.” Beijing has recently implemented
EVADING US CONTROLS? ‘These surveillance chips are relatively easy to manufacture compared to smartphone processors,’ a source said about HiSilicon’s components A Huawei Technologies Co (華為) unit is shipping new Chinese-made chips for surveillance cameras in a fresh sign that the Chinese tech giant is finding ways around four years of US export controls, two sources briefed on the unit’s efforts said. The shipments to surveillance camera manufacturers from the company’s chip design unit, HiSilicon Technologies Co (海思半導體), started this year, said one of the sources and a third source familiar with the industry supply chain. One of the sources briefed on the unit said that at least some of the customers were Chinese. Huawei unveiled new smartphones in the past few weeks that