Core Pacific Development Corp (鼎越開發) on Monday launched a pre-sale mixed-use project in downtown Taipei valued at more than NT$2 million (US$64,948) per ping (3.3m2), unfazed by an economic slowdown.
The company, an affiliate of Core Pacific Group (威京總部集團), whose business interests include China Petrochemical Development Corp (中石化) and BES Engineering Corp (中華工程), said its pricing strategy is reasonable and profitable for buyers, as there is robust demand for upscale office space in central locations, but limited supply.
The planned Core Pacific Plaza (京華廣場) in Songshan District (松山) is to feature four office buildings with 19 floors above ground and seven below, Core Pacific Group executive deputy general manager Max Chang (張嘉文) said.
Photo courtesy of Core Pacific Development Corp
The company intends to sell two buildings and keep another two for rent, allowing it to tap the property management business, Chang said.
Monthly office rents at Taipei Nan Shan Plaza (台北南山廣場) in the neighboring Xinyi District (信義) have reached NT$5,252 per ping and might climb higher, Chang said.
Core Pacific Plaza would prove equally competitive, as it is designed by Taipei 101’s architect, and would use the newest construction technologies to boost energy efficiency and meet sustainability requirements, he said.
The company’s asking prices might sound expensive today, but could become lower than others, due to its environmental, social and governance (ESG) compliance, as most existing office buildings do not meet ESG standards, Chang said.
Semiconductor business between Taiwan and the US is a “win-win” model for both sides given the high level of complementarity, the government said yesterday responding to tariff threats from US President Donald Trump. Home to the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), Taiwan is a key link in the global technology supply chain for companies such as Apple Inc and Nvidia Corp. Trump said on Monday he plans to impose tariffs on imported chips, pharmaceuticals and steel in an effort to get the producers to make them in the US. “Taiwan and the US semiconductor and other technology industries
SMALL AND EFFICIENT: The Chinese AI app’s initial success has spurred worries in the US that its tech giants’ massive AI spending needs re-evaluation, a market strategist said Chinese artificial intelligence (AI) start-up DeepSeek’s (深度求索) eponymous AI assistant rocketed to the top of Apple Inc’s iPhone download charts, stirring doubts in Silicon Valley about the strength of the US’ technological dominance. The app’s underlying AI model is widely seen as competitive with OpenAI and Meta Platforms Inc’s latest. Its claim that it cost much less to train and develop triggered share moves across Asia’s supply chain. Chinese tech firms linked to DeepSeek, such as Iflytek Co (科大訊飛), surged yesterday, while chipmaking tool makers like Advantest Corp slumped on the potential threat to demand for Nvidia Corp’s AI accelerators. US stock
SUBSIDIES: The nominee for commerce secretary indicated the Trump administration wants to put its stamp on the plan, but not unravel it entirely US President Donald Trump’s pick to lead the agency in charge of a US$52 billion semiconductor subsidy program declined to give it unqualified support, raising questions about the disbursement of funds to companies like Intel Corp and Taiwan Semiconductor Manufacturing Co (台積電). “I can’t say that I can honor something I haven’t read,” Howard Lutnick, Trump’s nominee for commerce secretary, said of the binding CHIPS and Science Act awards in a confirmation hearing on Wednesday. “To the extent monies have been disbursed, I would commit to rigorously enforcing documents that have been signed by those companies to make sure we get
A start-up in Mexico is trying to help get a handle on one coastal city’s plastic waste problem by converting it into gasoline, diesel and other fuels. With less than 10 percent of the world’s plastics being recycled, Petgas’ idea is that rather than letting discarded plastic become waste, it can become productive again as fuel. Petgas developed a machine in the port city of Boca del Rio that uses pyrolysis, a thermodynamic process that heats plastics in the absence of oxygen, breaking it down to produce gasoline, diesel, kerosene, paraffin and coke. Petgas chief technology officer Carlos Parraguirre Diaz said that in
RSS