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The Illustration Meeting for “The Creation of Superficies for 13 Lands, Including 3rd Subsection, Gongyuan Sec., Zhongzheng Dist., Taipei city” Ended Successfully with a Great Attendance.

In order to process the project, “The Creation of Superficies for 13 Lands, Including 3rd Subsection, Gongyuan Sec., Zhongzheng Dist., Taipei City”, the Department of Finance (DoF) of Taipei City Government (TCG) has held the illustration meeting on March 17th. According to the DoF, there were many representatives from construction companies, insurance and general merchandise industries attended the meeting.

 

The main goal of the meeting is to announce and illustrate the investment regulations on the project and the important modifications to the tender document. The DoF indicated that the base price of royalty was adjusted from NT$ 3.228 billion to NT$ 2.6 billion, which reflected significant increase in government-declared land value. In addition, the number of installments was adjusted from 2 to 3 and the demolition of former city council building was completed.

 

According to the DoF, The site is located at the most essential sector in Taipei City, for its great advantages of location and transportation. The MRT exit connecting the building will bring a great amount of visitors and business opportunities. Although the economy is experiencing a recession, the DoF reaffirmed that location intelligence is definitely where the business opportunities are. It is expected that the benefit of public land developments will be increased in combination of professional firms’ involvement and execution of urban development plans.

 

The tender will be closed by 11:00 a.m. on May 3rd, and welcome investors with interest to join. Investors are welcomed to file requests for any explanation of the project before Match 30th, and the DoF will review and response the inquiries promptly.