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.
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