Formosa Plastics Group (FPG, 台塑集團) has sold some 35 percent of an 85 hectare land lot in the Taoyuan High-Tech Industrial Park (桃園科技工業園區) in Guanyin Township (觀音) to several domestic high-tech companies, the realtor arranging the deal said yesterday.
The deal’s closing price has reached NT$42,000 (US$1,295) per ping (3.3m2) so far, DTZ Debenham Tie Leung (戴德梁行) realty general manager Billy Yen (顏炳立) told a roadshow in Taipei.
DTZ declined to confirm whether Chinese companies had closed any land sales after the realtor claimed to have received keen interest from its three roadshows in Beijing, Shanghai and Shenzhen earlier this month.
“Several of them [Chinese businesses] are still in a [price] negotiation process,” another DTZ manager said, reiterating the firm’s optimism in the nation’s property market once Taiwan opens its market to Chinese businesses.
DTZ expects the land deal to fetch NT$10.8 billion in total before the end of the year.
Prospective buyers may be entitled to bank loans of between 50 percent and 70 percent of the purchased land’s value and another 60 percent to 80 percent loan for the cost of factory construction projects, the realtor added.
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