Taipei slashes Xinyi's A25 plot royalty by 20 percent
By Ted Chen, The China Post
May 8, 2014, 12:14 am TWN
TAIPEI, Taiwan -- The Department of Finance (DOF, 北市財政局) and the Taipei City Government yesterday announced that the A25 plot, the sole remaining virgin land parcel residing in the coveted Xinyi District (信義區) will have its land-use royalty slashed by 20 percent following three previous failed auctions that concluded without resolution.
The announcement, published in a bulletin yesterday, stated that the royalty will be slashed by 20 percent from the previous NT$21.6 billion to NT$17.28 billion, in hopes of attracting bids from prospective developers.
The sprawling 5,425 ping A25 plot is the sole remaining undeveloped land parcel devoid of infrastructure such as utilities and plumbing.
The DOF stated that if the next auction for the A25 plot is met with a tepid response and fails to conclude resolved, auctions will be temporarily suspended for the future. Reports indicate that participants balked at the exorbitant starting prices asked by the DOF during previous auctions.
In addition, the DOF stated that A25's next auction is scheduled to take place at around the end of June, clearing the winning developer to begin seeking contracts with partners in July or August at the latest.
Meanwhile the A25 plot is currently serving as a parking lot, surrounded by high profile shopping and accommodation attractions including the Eslite (誠品), and Shin Kong Mitsukoshi (新光三越).
The A25 plot was put on auction last August, in the form of a build-operate-transfer (BOT) contract with royalty priced at NT$18 billion over 70 years, which concluded without resolution. The plot was put on auction again this year in March, offering a 50-year BOT contract priced at a raised price of NT$24 billion, which drew little interest from prospective bidders. The latest auction took place at the end of April, with royalty priced at NT$21.6 billion, also concluding without resolution.
http://www.chinapost.com.tw/taiwan/n...ei-slashes.htm
富邦標A25 建複合商用不動產
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發稿時間：2014/06/24 17:01 最新更新：2014/06/24 17:01
(中央社記者田裕斌台北24日電)富邦金控旗下富邦人壽今天以新台幣172.88億元標下A25地上權，富邦人壽規劃，將興建複合式商用不動產出租，預計全案開發後平均收益率可達4%以上。
富邦人壽表示，本案基地坐落於台北市信義計畫區松高路與松勇路口東北側，區域內A級辦公大樓、五星級飯店及百貨商場林立，商業氣息濃厚。
此外，信義計畫區是台北市最精華地段，區位及交通條件極為優異，且本基地為區內僅存最大宗未開發土地，區位優勢無可取代，為近期難得之優質不動產投資標的，經過深入評估分析後決定參與投標。
富邦人壽持續看好精華地段不動產投資，此類公有土地地上權招標案件，不僅有利於富邦人壽獲取長期穩定租金收益，並是富邦金以實際投資行動表達對政府公共建設政策的支持。1030624
http://www.cna.com.tw/news/afe/201406240320-1.aspx