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.
TECH BOOST: New TSMC wafer fabs in Arizona are to dramatically improve US advanced chip production, a report by market research firm TrendForce said With Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) pouring large funds into Arizona, the US is expected to see an improvement in its status to become the second-largest maker of advanced semiconductors in 2027, Taipei-based market researcher TrendForce Corp (集邦科技) said in a report last week. TrendForce estimates the US would account for a 21 percent share in the global advanced integrated circuit (IC) production market by 2027, sharply up from the current 9 percent, as TSMC is investing US$65 billion to build three wafer fabs in Arizona, the report said. TrendForce defined the advanced chipmaking processes as the 7-nanometer process or more
China’s Huawei Technologies Co (華為) plans to start mass-producing its most advanced artificial intelligence (AI) chip in the first quarter of next year, even as it struggles to make enough chips due to US restrictions, two people familiar with the matter said. The telecoms conglomerate has sent samples of the Ascend 910C — its newest chip, meant to rival those made by US chipmaker Nvidia Corp — to some technology firms and started taking orders, the sources told Reuters. The 910C is being made by top Chinese contract chipmaker Semiconductor Manufacturing International Corp (SMIC, 中芯) on its N+2 process, but a lack
Who would not want a social media audience that grows without new content? During the three years she paused production of her short do-it-yourself (DIY) farmer’s lifestyle videos, Chinese vlogger Li Ziqi (李子柒), 34, has seen her YouTube subscribers increase to 20.2 million from about 14 million. While YouTube is banned in China, her fan base there — although not the size of YouTube’s MrBeast, who has 330 million subscribers — is close to 100 million across the country’s social media platforms Douyin (抖音), Sina Weibo (新浪微博) and Xiaohongshu (小紅書). When Li finally released new videos last week — ending what has
OPEN SCIENCE: International collaboration on math and science will persevere even if the incoming Trump administration imposes strict controls, Nvidia’s CEO said Nvidia Corp CEO Jensen Huang (黃仁勳) said on Saturday that global cooperation in technology would continue even if the incoming US administration imposes stricter export controls on advanced computing products. US president-elect Donald Trump, in his first term in office, imposed restrictions on the sale of US technology to China citing national security — a policy continued under US President Joe Biden. The curbs forced Nvidia, the world’s leading maker of chips used for artificial intelligence (AI) applications, to change its product lineup in China. The US chipmaking giant last week reported record-high quarterly revenue on the back of strong AI chip
RSS