BES Engineering Corp (中華工程) said it expects to obtain a use permit for a high-profile residential building in Taipei’s Xinyi District (信義) next month, which would allow it to launch a sales campaign and boost revenue in the second half of the year.
The company spent six years developing luxury home project Taozhu Garden (陶朱隱園) — reportedly Taiwan’s most expensive property selling at NT$6 million (US$199,867) per ping (3.3m2), twice the rate for apartments elsewhere in the neighborhood.
Structural engineer Chang King-le (張敬禮) on Thursday vouched for the building’s safety, telling reporters that the company used the “safest and strongest” building materials on the project, and it would survive fatal earthquakes and storms unharmed.
Photo: Hsu Yi-ping, Taipei Times
Core Pacific Group (威京集團) chairman Sheen Ching-jing (沈慶京) “gave him a free hand” in pursuing structural safety and environmental friendliness, Chang said.
Core Pacific owns BES Engineering and a dozen other businesses.
The building materials are of the same grade as those used for Taipei 101, the Tokyo Skytree, Apple Inc’s headquarters and “nuclear power plants,” Chang added.
The company has not settled on a pricing strategy for the building, but the rumored NT$6 million per ping is not far-fetched, BES spokeswoman Vivian Cheng (程安慈) said.
“Mr Sheen has allowed his son to steer the group in recent years,” Cheng said. “He would like the highest prices possible for the apartments, even though he does not like to label them luxury homes.”
The 21-story complex offers 40 extravagant apartments of about 300 ping each and elevators that are large enough to lift sports cars, luxury furniture and collections, BES said.
The company is currently attaching 23,000 plants to the facade, which could absorb 130 tonnes of carbon dioxide a year, making the complex more environmentally friendly, Cheng said.
The tower will no doubt be the most expensive residential complex in Taiwan when it comes on the market, Chinese-language Housing Monthly (住展雜誌) research manager Ho Shih-chang (何世昌) said.
The central bank has maintained credit controls on luxury housing of NT$80 million in Taipei and NT$40 million elsewhere to help stabilize the property market.
BES Engineering has NT$29 billion in civil engineering contracts on hand this year, including public construction works at Taiwan Taoyuan International Airport and the Shihmen Reservoir, and on the Taipei Mass Rapid Transit System and the Ministry of National Defense’s dormitories, Cheng said.
HANDOVER POLICY: Approving the probe means that the new US administration of Donald Trump is likely to have the option to impose trade restrictions on China US President Joe Biden’s administration is set to initiate a trade investigation into Chinese semiconductors in the coming days as part of a push to reduce reliance on a technology that US officials believe poses national security risks. The probe could result in tariffs or other measures to restrict imports on older-model semiconductors and the products containing them, including medical devices, vehicles, smartphones and weaponry, people familiar with the matter said. The investigation examining so-called foundational chips could take months to conclude, meaning that any reaction to the findings would be left to the discretion of US president-elect Donald Trump’s incoming team. Biden
INVESTMENT: Jun Seki, chief strategy officer for Hon Hai’s EV arm, and his team are currently in talks in France with Renault, Nissan’s 36 percent shareholder Hon Hai Precision Industry Co (鴻海精密), the iPhone maker known as Foxconn Technology Group (富士康科技集團) internationally, is in talks with Nissan Motor Co’s biggest shareholder Renault SA about its willingness to sell its shares in the Japanese automaker, the Central News Agency (CNA) said, citing people it did not identify. Nissan and fellow Japanese automaker, Honda Motor Co, are exploring a merger that would create a rival to Toyota Motor Corp in Japan and better position the combined company to face competitive challenges around the world, people familiar with the matter said on Wednesday. However, one potential spanner in the works is
Call it an antidote to fast fashion: Japanese jeans hand-dyed with natural indigo and weaved on a clackety vintage loom, then sold at a premium to global denim connoisseurs. Unlike their mass-produced cousins, the tough garments crafted at the small Momotaro Jeans factory in southwest Japan are designed to be worn for decades, and come with a lifetime repair warranty. On site, Yoshiharu Okamoto gently dips cotton strings into a tub of deep blue liquid, which stains his hands and nails as he repeats the process. The cotton is imported from Zimbabwe, but the natural indigo they use is harvested in Japan —
HON HAI LURKS: The ‘Nikkei’ reported that Foxconn’s interest in Nissan accelerated the Honda-merger effort out of fears it might be taken over by the Taiwanese firm Nissan Motor Co has become the latest buyout target in Japan as it explores a merger with Honda Motor Co and faces an overture from Hon Hai Precision Industry Co (鴻海精密), known as Foxconn Technology Group (富士康科技集團) internationally. Shares in Nissan yesterday jumped 24 percent, the most on record, to hit the daily limit, after the two Japanese automakers acknowledged that talks are ongoing to better position themselves for competitive challenges during a time of upheaval in the global auto industry. Foxconn — a Taipei-based manufacturer of iPhones, which has been investing heavily in factories to build electric vehicles — has also
RSS