Residential properties in the Tao Zhu Yin Yuan (陶朱隱園), a distinctive double-helix tower in Taipei’s Xinyi District (信義), officially went on sale yesterday.
The announcement was made by the tower’s builder, BES Engineering Corp (中華工程), which declined to publicize pricing information to protect the privacy of potential buyers.
However, real-estate sources said that properties on the lower floors would sell for at least NT$3 million (US$91,609) per ping (3.3m2), with higher prices on the building’s upper floors.
Photo: Hu Shun-hsiang, Taipei Times
Given that each unit is about 300 ping, properties in the tower would likely start at about NT$900 million.
Designed by Belgian architect Vincent Callebaut, the Tao Zhu Yin Yuan is inspired by the double-helix structure of DNA, with each floor from levels 2 to 21 rotating 4.5° clockwise, or a total of 90°.
As a result, each of the tower’s 40 units has a large terrace with an unimpeded view of the sky and allows for the planting of seven large trees, the building’s Web site says.
Each unit also features a 50-ping “sky garden” where residents can plant a garden, while the building’s public areas include a “forest” on the first floor with a 10m waterfall and a 25m swimming pool in the basement, the site says.
Chen Ping-chen (陳炳辰), spokesman for the Chinese-language My Housing Monthly (住展雜誌), said the tower’s NT$3 million per ping price tag likely represented “the ceiling” for luxury properties in Taipei.
According to the government’s actual price registration system, the highest-priced residential complex in Taipei is One Park Taipei (元利信義聯勤), twin skyscrapers on the east end of Daan Forest Park (大安森林公園), which previously sold for as high as NT$2.99 million per ping, Chen said.
Nevertheless, the Tao Zhu Yin Yuan’s home prices represent a “correction” from the past few years — when they were reportedly expected to go for as high as NT$6 million per ping — possibly due to the central bank’s efforts to clamp down on housing speculation, he said.
Taiwan Realty Co (台灣房屋) senior manager Chen Ting-chung (陳定中) said that although construction on the property was completed eight years ago, the limited supply of new luxury homes in Xinyi District — a prime business district where Taipei 101 is located — meant that there would likely still be solid demand from buyers.
GROWING OWINGS: While Luxembourg and China swapped the top three spots, the US continued to be the largest exposure for Taiwan for the 41st consecutive quarter The US remained the largest debtor nation to Taiwan’s banking sector for the 41st consecutive quarter at the end of September, after local banks’ exposure to the US market rose more than 2 percent from three months earlier, the central bank said. Exposure to the US increased to US$198.896 billion, up US$4.026 billion, or 2.07 percent, from US$194.87 billion in the previous quarter, data released by the central bank showed on Friday. Of the increase, about US$1.4 billion came from banks’ investments in securitized products and interbank loans in the US, while another US$2.6 billion stemmed from trust assets, including mutual funds,
Micron Memory Taiwan Co (台灣美光), a subsidiary of US memorychip maker Micron Technology Inc, has been granted a NT$4.7 billion (US$149.5 million) subsidy under the Ministry of Economic Affairs A+ Corporate Innovation and R&D Enhancement program, the ministry said yesterday. The US memorychip maker’s program aims to back the development of high-performance and high-bandwidth memory chips with a total budget of NT$11.75 billion, the ministry said. Aside from the government funding, Micron is to inject the remaining investment of NT$7.06 billion as the company applied to participate the government’s Global Innovation Partnership Program to deepen technology cooperation, a ministry official told the
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s leading advanced chipmaker, officially began volume production of its 2-nanometer chips in the fourth quarter of this year, according to a recent update on the company’s Web site. The low-key announcement confirms that TSMC, the go-to chipmaker for artificial intelligence (AI) hardware providers Nvidia Corp and iPhone maker Apple Inc, met its original roadmap for the next-generation technology. Production is currently centered at Fab 22 in Kaohsiung, utilizing the company’s first-generation nanosheet transistor technology. The new architecture achieves “full-node strides in performance and power consumption,” TSMC said. The company described the 2nm process as
JOINT EFFORTS: MediaTek would partner with Denso to develop custom chips to support the car-part specialist company’s driver-assist systems in an expanding market MediaTek Inc (聯發科), the world’s largest mobile phone chip designer, yesterday said it is working closely with Japan’s Denso Corp to build a custom automotive system-on-chip (SoC) solution tailored for advanced driver-assistance systems and cockpit systems, adding another customer to its new application-specific IC (ASIC) business. This effort merges Denso’s automotive-grade safety expertise and deep vehicle integration with MediaTek’s technologies cultivated through the development of Media- Tek’s Dimensity AX, leveraging efficient, high-performance SoCs and artificial intelligence (AI) capabilities to offer a scalable, production-ready platform for next-generation driver assistance, the company said in a statement yesterday. “Through this collaboration, we are bringing two
RSS