The iconic Taipei 101 skyscraper has been named the property with the highest land value in the capital city for the 11th consecutive year, followed by Cathay Landmark (國泰置地廣場) and Shin Kong Life Tower (新光摩天大樓), the Taipei Department of Land Administration said on Wednesday.
Each ping (33.1m2) on the Taipei 101 plot is worth about NT$6.615 million (US$63,939), the most expensive in the city, as it is a long-standing famous landmark and home to many office buildings, the land administration said.
The Cathay Landmark, located on Zhongxiao E Road, is valued at NT$6.34 million per ping, making it the second-highest in Taipei for the first time, while Shin Kong Life Tower on Zhongxiao W Road is third at NT$6.29 million per ping.
Photo: Hsu Yi-ping, Taipei Times
The land administration said the Shin Kong Life Tower had been “the king of land” between 1990 and 2013, but that Taipei 101 has held the title since 2014.
Regarding residential buildings, the Palace Mansion (宏勝帝寶) in Daan District (大安) was assessed as having the highest land value, with each ping valued at NT$4.74 million. Ren Ai Shang Hua (仁愛尚華) and Ren Ai Lee Ching (仁愛麗景) in Xinyi District (信義), meanwhile, were placed joint-second, with each ping valued at NT$4.46 million.
The land administration said the citywide assessment was based on a survey of property transactions from Sept. 2 last year to Sept. 1. Land value in the city is estimated to have increased 0.29 percent on average over the period, it said.
The land value rose in all of the city’s 12 administrative districts except for Shilin District (士林), where it dropped, it added.
‘SWASTICAR’: Tesla CEO Elon Musk’s close association with Donald Trump has prompted opponents to brand him a ‘Nazi’ and resulted in a dramatic drop in sales Demonstrators descended on Tesla Inc dealerships across the US, and in Europe and Canada on Saturday to protest company chief Elon Musk, who has amassed extraordinary power as a top adviser to US President Donald Trump. Waving signs with messages such as “Musk is stealing our money” and “Reclaim our country,” the protests largely took place peacefully following fiery episodes of vandalism on Tesla vehicles, dealerships and other facilities in recent weeks that US officials have denounced as terrorism. Hundreds rallied on Saturday outside the Tesla dealership in Manhattan. Some blasted Musk, the world’s richest man, while others demanded the shuttering of his
Taiwan’s official purchasing managers’ index (PMI) last month rose 0.2 percentage points to 54.2, in a second consecutive month of expansion, thanks to front-loading demand intended to avoid potential US tariff hikes, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. While short-term demand appeared robust, uncertainties rose due to US President Donald Trump’s unpredictable trade policy, CIER president Lien Hsien-ming (連賢明) told a news conference in Taipei. Taiwan’s economy this year would be characterized by high-level fluctuations and the volatility would be wilder than most expect, Lien said Demand for electronics, particularly semiconductors, continues to benefit from US technology giants’ effort
ADVERSARIES: The new list includes 11 entities in China and one in Taiwan, which is a local branch of Chinese cloud computing firm Inspur Group The US added dozens of entities to a trade blacklist on Tuesday, the US Department of Commerce said, in part to disrupt Beijing’s artificial intelligence (AI) and advanced computing capabilities. The action affects 80 entities from countries including China, the United Arab Emirates and Iran, with the commerce department citing their “activities contrary to US national security and foreign policy.” Those added to the “entity list” are restricted from obtaining US items and technologies without government authorization. “We will not allow adversaries to exploit American technology to bolster their own militaries and threaten American lives,” US Secretary of Commerce Howard Lutnick said. The entities
Minister of Finance Chuang Tsui-yun (莊翠雲) yesterday told lawmakers that she “would not speculate,” but a “response plan” has been prepared in case Taiwan is targeted by US President Donald Trump’s reciprocal tariffs, which are to be announced on Wednesday next week. The Trump administration, including US Secretary of the Treasury Scott Bessent, has said that much of the proposed reciprocal tariffs would focus on the 15 countries that have the highest trade surpluses with the US. Bessent has referred to those countries as the “dirty 15,” but has not named them. Last year, Taiwan’s US$73.9 billion trade surplus with the US
RSS