Quote:
Originally Posted by R@ptor
A 250m tower with a less massive podium would have been so much better.
Also...even more shopping malls in Xinyi??? There is hardly a lack of them in the area, looks to me like the market could be oversaturated in that regard pretty soon. |
I think the reason is very simple.
Taipei office rent is too low compare many major cities around the world. The average leasing rate of A-class office in Xinyi District is about half of prime office in Sydney CBD. And, the final stage of this tendering is pricing comparison. Na Shan Life offered more price money to government than Cathay Life offered.
By the way, Cathay Life propose 47 fl project and will be 200m to 250m. It is higher, but it is at the low margin of many people expectation.