Taipei 101, in the capital’s prime Xinyi District (信義), won the “King of the Land” title for the 10th straight year, with the value of office space in the skyscraper rising to NT$6.55 million (US$213,286) per ping (3.3m2), the Taipei City Government said.
The adjustments means the value of the landmark building is NT$1.98 million per square meter for taxation purposes next year.
Homeowners must pay land taxes annually, but land value increment taxes only upon selling their houses.
Photo: Hsu Yi-ping, Taipei Times
The Shin Kong Tower near Taipei Railway Station in Zhongheng District (中正) ranked second, at NT$6.29 million per ping, it said.
The city government said the citywide assessment was based on a survey of property transactions from Sept. 2 last year to Sept. 1.
During the period, the number of real-estate deals fell 3.6 percent to 29,672, but property prices gained 5.81 percent, it said.
The trend is attributable to building material price increases and a slowdown in GDP growth, it added.
Robust demand for upscale office space in central business districts pushed up the value of Taipei 101 offices, as well as those in high-rise buildings nearby, it said.
Property prices in all of the city’s 12 districts picked up, at 3.71 percent on average, while 2.76 percent of the area assessed posted flat prices and 0.27 percent saw price corrections, it said.
Nangang District (南港) reported the fastest price growth, at 4.56 percent, thanks to improving infrastructure facilities linked to the city government’s Eastern District Gateway Project (東區門戶計劃), it said.
Neihu District (內湖) was second, posting a 4.2 percent uptick on the back of housing demand, it said.
Wanhua District (萬華) registered the smallest increase, at 3.02 percent, as commercial activity in the Ximending (西門町) area took a hard hit from the COVID-19 pandemic, it said.
Taipei Department of Land Administration Commissioner Chang Chih-hsiang (張治祥) said land value increment taxes do not affect people who do not engage in property transactions.
Taiwan’s technology protection rules prohibits Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) from producing 2-nanometer chips abroad, so the company must keep its most cutting-edge technology at home, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. Kuo made the remarks in response to concerns that TSMC might be forced to produce advanced 2-nanometer chips at its fabs in Arizona ahead of schedule after former US president Donald Trump was re-elected as the next US president on Tuesday. “Since Taiwan has related regulations to protect its own technologies, TSMC cannot produce 2-nanometer chips overseas currently,” Kuo said at a meeting of the legislature’s
TECH WAR CONTINUES: The suspension of TSMC AI chips and GPUs would be a heavy blow to China’s chip designers and would affect its competitive edge Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s biggest contract chipmaker, is reportedly to halt supply of artificial intelligence (AI) chips and graphics processing units (GPUs) made on 7-nanometer or more advanced process technologies from next week in order to comply with US Department of Commerce rules. TSMC has sent e-mails to its Chinese AI customers, informing them about the suspension starting on Monday, Chinese online news outlet Ijiwei.com (愛集微) reported yesterday. The US Department of Commerce has not formally unveiled further semiconductor measures against China yet. “TSMC does not comment on market rumors. TSMC is a law-abiding company and we are
FLEXIBLE: Taiwan can develop its own ground station equipment, and has highly competitive manufacturers and suppliers with diversified production, the MOEA said The Ministry of Economic Affairs (MOEA) yesterday disputed reports that suppliers to US-based Space Exploration Technologies Corp (SpaceX) had been asked to move production out of Taiwan. Reuters had reported on Tuesday last week that Elon Musk-owned SpaceX had asked their manufacturers to produce outside of Taiwan given geopolitical risks and that at least one Taiwanese supplier had been pushed to relocate production to Vietnam. SpaceX’s requests place a renewed focus on the contentious relationship Musk has had with Taiwan, especially after he said last year that Taiwan is an “integral part” of China, sparking sharp criticism from Taiwanese authorities. The ministry said
US President Joe Biden’s administration is racing to complete CHIPS and Science Act agreements with companies such as Intel Corp and Samsung Electronics Co, aiming to shore up one of its signature initiatives before US president-elect Donald Trump enters the White House. The US Department of Commerce has allocated more than 90 percent of the US$39 billion in grants under the act, a landmark law enacted in 2022 designed to rebuild the domestic chip industry. However, the agency has only announced one binding agreement so far. The next two months would prove critical for more than 20 companies still in the process
RSS