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TCG completing signing the contract of “Project of the Superficies on 5 City Lands, including Land Serial No.13 of 3rd Subsection, Gongyuan Section, Zhongzheng Dist., Taipei City,etc. (nearby the old Taipei City Council)”

“Project of the Superficies on 5 City Lands, including Land Serial No.13 of 3rd Subsection, Gongyuan Section, Zhongzheng Dist., Taipei City,etc. (nearby the old Taipei City Council) ” , was awarded by How Yu Construction Co., Ltd. and Fortune Construction Co., Ltd., with a Royalty Price of about NT$ 911 Million. The Taipei City Government (TCG) officially signed the contract with the co-operative alliance -Jinyutong Co., Ltd. on the (31) day.

 

According to the Department of Finance (DoF), TCG, the lands are located at the both sides of Qingdao West. Road and No. 2 Lane of Zhongshan South Road, and the area is about 1,725 square meters. The land use districts are classified as commercial district of type 4 which is flexible for multi land use. The successful bidder can develop into offices, hotels, retail malls, etc., and it will be functionally combined with the consumer functions nearby Taipei Station and Chengzhong Commercial Center. The lands are near by the old Taipei City Council A, E and C1/D1 bases, under the promotion of the West District Gateway Project, it will be integrated with the A and E areas of the old Taipei City Council and create a newly urban vision and urban landscape.

 

The deputy secretary-general of the TCG, Mr. Chih-Ming Chen states that in this case, the TCG not only receives NT$ 911 Million of the royalty price, but also can get the rental payment about NT$13.37 million per year. Also it will attract investment from the private sector about NT$2.5 billion.

 

DoF states that the TCG will continue actively cooperate with investors and assist investors to complete the construction, and realized the West District portal project as soon as possible.