The iconic Taipei 101 skyscraper has been named the property with the highest land value in the capital city for the 11th consecutive year, followed by Cathay Landmark (國泰置地廣場) and Shin Kong Life Tower (新光摩天大樓), the Taipei Department of Land Administration said on Wednesday.
Each ping (33.1m2) on the Taipei 101 plot is worth about NT$6.615 million (US$63,939), the most expensive in the city, as it is a long-standing famous landmark and home to many office buildings, the land administration said.
The Cathay Landmark, located on Zhongxiao E Road, is valued at NT$6.34 million per ping, making it the second-highest in Taipei for the first time, while Shin Kong Life Tower on Zhongxiao W Road is third at NT$6.29 million per ping.
Photo: Hsu Yi-ping, Taipei Times
The land administration said the Shin Kong Life Tower had been “the king of land” between 1990 and 2013, but that Taipei 101 has held the title since 2014.
Regarding residential buildings, the Palace Mansion (宏勝帝寶) in Daan District (大安) was assessed as having the highest land value, with each ping valued at NT$4.74 million. Ren Ai Shang Hua (仁愛尚華) and Ren Ai Lee Ching (仁愛麗景) in Xinyi District (信義), meanwhile, were placed joint-second, with each ping valued at NT$4.46 million.
The land administration said the citywide assessment was based on a survey of property transactions from Sept. 2 last year to Sept. 1. Land value in the city is estimated to have increased 0.29 percent on average over the period, it said.
The land value rose in all of the city’s 12 administrative districts except for Shilin District (士林), where it dropped, it added.
JITTERS: Nexperia has a 20 percent market share for chips powering simpler features such as window controls, and changing supply chains could take years European carmakers are looking into ways to scratch components made with parts from China, spooked by deepening geopolitical spats playing out through chipmaker Nexperia BV and Beijing’s export controls on rare earths. To protect operations from trade ructions, several automakers are pushing major suppliers to find permanent alternatives to Chinese semiconductors, people familiar with the matter said. The industry is considering broader changes to its supply chain to adapt to shifting geopolitics, Europe’s main suppliers lobby CLEPA head Matthias Zink said. “We had some indications already — questions like: ‘How can you supply me without this dependency on China?’” Zink, who also
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) received about NT$147 billion (US$4.71 billion) in subsidies from the US, Japanese, German and Chinese governments over the past two years for its global expansion. Financial data compiled by the world’s largest contract chipmaker showed the company secured NT$4.77 billion in subsidies from the governments in the third quarter, bringing the total for the first three quarters of the year to about NT$71.9 billion. Along with the NT$75.16 billion in financial aid TSMC received last year, the chipmaker obtained NT$147 billion in subsidies in almost two years, the data showed. The subsidies received by its subsidiaries —
At least US$50 million for the freedom of an Emirati sheikh: That is the king’s ransom paid two weeks ago to militants linked to al-Qaeda who are pushing to topple the Malian government and impose Islamic law. Alongside a crippling fuel blockade, the Group for the Support of Islam and Muslims (JNIM) has made kidnapping wealthy foreigners for a ransom a pillar of its strategy of “economic jihad.” Its goal: Oust the junta, which has struggled to contain Mali’s decade-long insurgency since taking power following back-to-back coups in 2020 and 2021, by scaring away investors and paralyzing the west African country’s economy.
RE100 INITIATIVE: Exporters need sufficient supplies of renewable energy to meet their global commitments and remain competitive, the economics ministry said Local export-oriented manufacturers, including Taiwan Semiconductor Manufacturing Co (台積電), require sufficient supplies of green energy to maintain their competitiveness and regulations already ensure that renewable energy development adheres to environmental protection principles, the Ministry of Economic Affairs said yesterday, as the legislature imposed further restrictions on solar panel installations. The opposition-led Legislative Yuan yesterday passed third readings to proposed amendments to three acts — the Environmental Impact Assessment Act (環境影響評估法), the Act for the Development of Tourism (發展觀光條例) and the Geology Act (地質法) — which would largely prohibit the construction of solar panels in some areas. The amendments stipulate that ground-mounted solar
RSS