A luxury residential unit in Taipei’s Xinyi District (信義) has been sold to a buyer unaffiliated with the developers, marking the first such transaction, with real-estate agents estimating a record price of NT$4 million (US$129,807) per ping (3.3058m2).
BES Engineering Corp (中華工程), one of the developers of Tao Zhu Yin Yuan (陶朱隱園), in a filing with the Taiwan Stock Exchange reported profit of NT$118 million from selling a unit in the building.
A 17th-floor unit in the 21-story building, along with four parking spaces, was sold to an individual for NT$1.2 billion, said BES, which declined to disclose further information about the buyer.
Photo: Hu Shun-hsiang, Taipei Times
Designed by Belgian architect Vincent Callebaut and his Paris-based studio, Vincent Callebaut Architectures, Tao Zhu Yin Yuan is a distinctive twisting tower, promoted as a green and sustainable project featuring vertical gardens and an energy-efficient design.
Since the tower was completed in 2018, there has been only one transaction — in July 2019 — by an affiliated company of Core Pacific Group (威京集團), whose two affiliate enterprises, BES, and the Asia Pacific Federation of Industry and Commerce, are the building’s main developers.
The latest sale marked the first transaction since the building, which has 40 residential units, went on the market in February.
According to estimates by real-estate agents, the unit sold for about NT$4 million per ping, reportedly the highest-ever per-ping price in Taiwan, surpassing the NT$2.99 million per ping paid for a unit at One Park Taipei (元利信義聯勤) in Daan District (大安) in 2021.
Jensen Huang (黃仁勳), founder and CEO of US-based artificial intelligence chip designer Nvidia Corp and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) on Friday celebrated the first Nvidia Blackwell wafer produced on US soil. Huang visited TSMC’s advanced wafer fab in the US state of Arizona and joined the Taiwanese chipmaker’s executives to witness the efforts to “build the infrastructure that powers the world’s AI factories, right here in America,” Nvidia said in a statement. At the event, Huang joined Y.L. Wang (王英郎), vice president of operations at TSMC, in signing their names on the Blackwell wafer to
AI BOOST: Although Taiwan’s reliance on Chinese rare earth elements is limited, it could face indirect impacts from supply issues and price volatility, an economist said DBS Bank Ltd (星展銀行) has sharply raised its forecast for Taiwan’s economic growth this year to 5.6 percent, citing stronger-than-expected exports and investment linked to artificial intelligence (AI), as it said that the current momentum could peak soon. The acceleration of the global AI race has fueled a surge in Taiwan’s AI-related capital spending and exports of information and communications technology (ICT) products, which have been key drivers of growth this year. “We have revised our GDP forecast for Taiwan upward to 5.6 percent from 4 percent, an upgrade that mainly reflects stronger-than-expected AI-related exports and investment in the third
RARE EARTHS: The call between the US Treasury Secretary and his Chinese counterpart came as Washington sought to rally G7 partners in response to China’s export controls China and the US on Saturday agreed to conduct another round of trade negotiations in the coming week, as the world’s two biggest economies seek to avoid another damaging tit-for-tat tariff battle. Beijing last week announced sweeping controls on the critical rare earths industry, prompting US President Donald Trump to threaten 100 percent tariffs on imports from China in retaliation. Trump had also threatened to cancel his expected meeting with Chinese President Xi Jinping (習近平) in South Korea later this month on the sidelines of the APEC summit. In the latest indication of efforts to resolve their dispute, Chinese state media reported that
CHINESE EXPORT CURBS: A dispute between China and the Netherlands could halt chip supply, affecting vehicle production, US and European auto associations said Groups representing major automakers late on Thursday warned that a chip disruption stemming from a dispute between China and the Dutch government could quickly affect US auto production. Automakers and their suppliers received notice from chipmaker Nexperia (安世半導體) last week that it could no longer guarantee delivery of its chips, the European Automobile Manufacturers Association said, adding that manufacturing could be significantly disrupted. In the US, the Alliance for Automotive Innovation, which represents General Motors, Toyota, Ford, Volkswagen, Hyundai and nearly all other major automakers, urged a quick resolution. “If the shipment of automotive chips doesn’t resume — quickly — it’s going to
RSS