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  #1  
Old Posted Sep 29, 2011, 10:10 AM
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Taipei Xinyi District A25 International BOT

Location (Google Map)


Development Information


Some Development Regulations (Department of Urban Planning Taipei)
1. The development has to have at least 4m wide pedestrain path around the site.
2. A banding open space is required at southern side of the site.

Tendering set up by Department of Finance
1. Residential development is not allowed in this development. All interested groups must follow relevant urban regulations for their development plan.
2. The development has to include 31 parking spaces for large vehicles.
3. The BOT tendering will have three stages to select its final tender.
- Qualification
- Development Plan Assessment
- Price Comparison
Qualification, interested group only need to pay bid bond to attain this tender.
Development Plan Assessment will set up a broad with both national and international architects to judge submitted development plan.
Price Comparison stage is for department to make comparison of royalty submitted by tenderers.
4. The tenderer will have 50 years operation time. After 50 years, tenderer can request extra 20 years if they want to continue.
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Old Posted Jul 17, 2012, 4:21 AM
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http://www.cdnews.com.tw/cdnews_site...ocid=101970923

兩岸/大陸資投資A25只能蓋旅館?
台北市府無奈 工程會:年底放寬
http://www.cdnews.com.tw 2012-07-14 12:12:25
台北市信義計畫區A25土地,位於亞太會館對面,緊鄰中油大樓。工程會宣布BOT案將「首度開放陸資來台投資」,卻恐怕是雷聲大雨點小。(工商時報)
李漢揚/整理

 工程會宣布北市信義計畫區A25市有土地BOT案將「首度開放陸資來台投資」,但是A25除了觀光旅館業可確定開放陸資投資外,商辦和百貨公司部分,因涉及租賃及委外經營業務,外界認為仍在限制陸資範圍內。但工程會昨(13)日表示,今年底前會針對促參案放寬陸資投資限制,百貨公司的經營也將從寬認定,不因專櫃招租及委外而受限制。

 工商時報指出,台北市信義計畫區A25土地,產權屬於台北市政府,堪稱台北信義計畫區僅存的最大筆土地,總面積約5452坪,位於中油大樓附近、亞太會館對面,目前作為大客車、小汽車停車場,根據市府公告,民國100年公告土地現值為109億元。

 據瞭解,北市府若以設定地上權方式開發A25,需經過市議會同意,至少需要2到3年,因此決定A25採BOT,並希望爭取國內壽險公司投資,但金管會卻以「避免風險為由」不准國內保險公司參與BOT,令北市府為之氣結。

 工程會將A25列為陸資投資的五大案件之一,似乎讓A25爭取資金又露出曙光,但北市府卻對陸資能否來投資,有所懷疑。

 台北市財政局指出,市府規劃A25這一大塊地開發成國際旅館、商辦及百貨公司,而目前政府尚未開放陸資投資百貨公司及商辦,北市府反問「A25土地難道全蓋旅館」?

 工程會昨天則表示,A25規劃商辦大樓涉及的租賃服務業,已預計今年底前會針對促參案放寬陸資投資限制,百貨公司的經營也將從寬認定,不因專櫃招租及委外而受限制。

 工程會昨天強調,商辦大樓除非涉及產權轉移問題,否則若只是經營,陸資未來都可以從事,其中租賃服務業部分,投審會等相關部會已達成共識,只要是依照促參相關辦法進行的投資案,將可開放陸資從事租賃服務業。

 在百貨公司部分,雖僅零售業開放陸資投資,但工程會表示,會就百貨部分從寬認定,即使其專櫃採取委外方式經營,只要經營主體為該百貨公司,即可放寬陸資投資,不會因為專櫃非自營就予限制。



信義區A25土地 首度開放陸資投資
2012/07/13
工程會宣布5案開放陸資投資 皆公共工程案 合計規模500億
信義區A25土地約165億最受矚目

【聯合報/記者何醒邦/台北報導】

公共工程委員會昨天首度公布,5件適合陸資來台投資的公共工程案件,合計開發規模約500億元。其中,3案開發規模超過百億元,而又以開發規模約165億元的北市信義計畫區A25市有土地BOT案最受矚目。

圖/經濟日報提供

信義繁華區 陸資可來了
工程會公布,台北市信義計畫區的A25土地開放陸資投資,陸資將可公開投資全台灣最貴的區域了。圖/經濟日報提供
房地產業者指出,A25案將是陸資可「光明正大」進駐信義計畫區的第一個投資案,將是重要的觀察指標。

工程會官員說,A25案地點在中油總部大樓旁,基地地面積1.8公頃(約5445坪),將以零售、餐飲、辦公、國際觀光旅館等複合型商用不動產類型,做為開發重點。

另外,工程會官員說,金門因小三通吸引許多陸客前往,水頭港國際經貿園區開發案也備受陸資關注,港區約67.5公頃(約20.42萬坪),扣除公共設施及道路,預計營運面積30公頃(約9.08萬坪),將規劃觀光飯店及海洋休閒中心、兩岸商品交易中心、國際會議展覽中心、免稅精品購物中心。

工程會表示,為建立陸資來台投資商機資訊,已請各機關持續評估是否適合案件,並將相關資料送至工程會彙整,再由經濟部公布;經與相關部會討論協商後,目前已篩選出5件適合陸資來台投資的公共建設,大多為交通建設類。

其中,交通部有2件,分別為:開發規模100億元的台北港南碼頭區第一期開發招商計畫,以及國道3號古坑服務區營運移轉案;台北市1件,就是北市信義計畫區A25市有土地停車場BOT案;新竹市1件,為開發規模49.6億元的新竹市國際型科技商務會議中心興建營運移轉案;金門縣1件,為開發規模186億元的水頭港國際經貿園區開發案。

工程會說,這5案今年底前都將陸續公告招標。

圖/經濟日報提供


全文網址: udn房市情報 - 房市新訊 - 房產投資 - 信義區A25土地 首度開放陸資投資 http://money.udn.com/house/storypage...#ixzz20qmliErD
Power By udn.com
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Old Posted Jul 17, 2012, 4:27 AM
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Entire land right is same as A15 A18 A20 that own by Taipei City government. The government will not sale it, but is going to provide bidding for investor. It is same with A15 A18 A20. Regard to government quotation, initial development direction of Xinyi District A25 will be commercial used only. That is office, hotel, department store and shopping centre.
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Old Posted Mar 15, 2013, 4:53 AM
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The “Private Participation in Construction and Operation of Municipal Land and Parking Lot on Block A25 of Taipei City Xinyi Project Zone” welcomes submission of tenders(Feb 8th, 2013)
Taipei City Government makes the official announcement about the most anticipated “Private Participation in Construction and Operation of Municipal Land and Parking Lot on Block A25 of Taipei City Xinyi Project Zone”that has opened for tenders’ investment and proposal submission (Feb 8th, 2013). The land registration is one parcel of land on Parcel No. 6, Subsection No. 3, Xinyi Section, Xinyi District, Taipei City (Street scene number A25),located at the North Eastern side of the intersection of Songgao Road and Songyong Road, Taipei City (as attachment).With area of 1.8 hectares (approximately 5,451 Pings), the base is the biggest undeveloped land in Xinyi Planned District. The land-use zoning is business facilities district with floor space index floor space ratio of 400%. The A25 project adopts the BOT(Build-Operate-Transfer) model under the Act for Promotion of Private Participation in Infrastructure Projects. The main infrastructure of this project is bus parking lot, and the private institution shall put an extra parking space for at least 30 large passenger vehicles aside from the legal parking units.
The Department of Finance (DOF) states that, the ancillary enterprises must follow the Urban Planning and relative laws and could be planned as shopping centers, recreational facilities, corporate headquarters/office buildings, international tourist hotels, restaurants or food/service business. Through attracting private investment and private participation in public construction under BOT model, it is to fulfill the objective of satisfying parking requirements for the tourist large vehicles, upgrading use of urban land, increasing city government financial income, reinforcing Xinyi business circle development, and improving social economic efficiency.

The DOF also states that the Royalty shall be a fixed amount to 18 billion NT dollars in reserved minimum price. The land rent will be based on 1% of the current announced land values during the construction period and 3% of the current announced land values during the operation period. The selection process includes: qualifications review, investment proposal, and bidding price of the royalty. For further information on eligibility, bid specifications, and other details, please refer to the tender documents.
The deadline for the tender submission is set at 5pm on June 10th, 2013. Interested investors may purchase the tender documents at the Administrative Services, Department of Finance in Taipei City Hall (address: 8th floor Central Area, No. 1, Shifu Road, Xinyi District, Taipei City). Also, the Appendix Two to Sixteen of the tender documents are downloadable at the front page of the DOF Chinese version website.
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Old Posted Jun 12, 2013, 4:34 PM
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The “Private Participation in Construction and Operation of Municipal Land and Parking Lot on Block A25 of Taipei City Xinyi Project Zone” has begun its open tendering on February 8th, 2013, and looks to invite leaders from various sectors to attend a project seminar scheduled on March 13, 2013.
The “Private Participation in Construction and Operation of Municipal Land and Parking Lot on Block A25 of Taipei City Xinyi Project Zone” has made its official tender announcement on February 8th, 2013 and is scheduled to hold an informational seminar open to prospective investors at the GIS MOTC Convention Center at 10:00 am on Wednesday, March 13th, 2013 (3F, N.24, SEC. 1, HANGJHOU S. RD.,JHONGJHENG DIST., TAIPEI CITY). The conference will cover a brief report on the development plan of the Block A25 and drafts of the tender documents and will also focus on interaction with potential investors and opinion exchange with project prospects. Also, potential investors are welcome to download the invitation notes and application forms of the Block A25 plan in Chinese version of the “press release” at the Taipei City Government (TCG) and Department of Finance (DOF) website.
The land registration is one parcel of land on Parcel No. 6, Subsection No. 3, Xinyi Section, Xinyi District, Taipei City, located to the North Eastern side of the intersection of Songgao Road and Songyong Road, Taipei City, with area of 1.8 hectares (approximately 5,451 Pings). The land-use zoning is business facilities district. The A25 project adopts the BOT(Build-Operate-Transfer) model under the Act for Promotion of Private Participation in Infrastructure Projects. The main infrastructure of this project is bus parking lot, and the private institution shall put an extra parking space for at least 30 large passenger vehicles aside from the legal parking units. The minimum royalty is NT$18,000,000,000. The selection process includes: qualifications review, investment proposal, and bidding price of the royalty. For further information on eligibility, bid specifications, and other details, please refer to the tender documents and their requirements.

Tender submission will be closed at 5 p.m. on June 10th, 2013. Applicants should submit any questions and concern in printed documents by the deadline of March 22nd, 2013. Replies will be published later by the DOF. Tender submission period may be extended as needed. Investors who are interested in the project are welcome to enter tender.


Hit: 179 Updated: 2013-04-09 09:12 Reviewed: 2013-04-09 09:11
Source: Department of Finance, Taipei City Government
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Old Posted Jun 12, 2013, 5:14 PM
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News
The “Private Participation in Construction and Operation of Municipal Land and Parking Lot on Block A25 of Taipei City Xinyi Project Zone” has announced its second-revised supplementary tender document on May, 20th, 2013, and invited leaders from various sectors to attend the second project seminar scheduled on May, 23rd, 2013.
The “Private Participation in Construction and Operation of Municipal Land and Parking Lot on Block A25 of Taipei City Xinyi Project Zone” has made its official tender announcement to public investors on February 8th, 2013, and published the supplementary document on May, 8th, 2013. The Act for Promotion of Private Participation does not mention the following statement; the evaluation process and the comprehensive review shall begin after the submission of two (or more) qualified applicants. Thus, the Selection Committee has come to a resolution to re-open the evaluation process on May 9th, 2013. Meanwhile, to avoid any dispute due to the difference of the amount in royalty between the most qualified applicant and the next in order and the process of filling up the position in proper order, the Selection Committee has come to a consensus to ensure ethical business behavior; the evaluation process and the comprehensive review will begin after one (or more) application submission is received, and the committee will only select one and only most qualified applicant without also selecting a second applicant. However, if the most qualified applicant happened to be unable to sign the contract, the authority in charge will announce a new investment proposal and bidding information. The second-revised supplementary tender document (May 20th, 2013) is now available to download on the Chinese version websites at the Department of Finance and Department for the Promotion of Private Participation, Minister of Finance.
Due to the major changes in the bid specification and qualification, the deadline for the block A25 plan has been extended to 5 p.m. on July 12th, 2013. Applicants should submit their questions and concerns in printed document by May 29th, 2013. The Department of Finance will host a second project seminar with explanation of the second-revised supplementary tender documents for prospective investors at 10 a.m. on Thursday, May 23rd, 2013 at Conference Room 801, Department of Finance. (address: 8th floor Central Area, No. 1, Shifu Road, Xinyi District, Taipei) Investors who are interested in the project are welcome to attend the second project seminar.
http://english.dof.taipei.gov.tw/ct....6096&mp=103002
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Old Posted Jul 24, 2013, 5:51 PM
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信義A25標案決戰8/5 5大壽險評估搶標

作者: 鉅亨網記者陳慧琳 台北 | 鉅亨網 – 2013年7月24日 上午10:25

信義計畫區A25的BOT案標案,是信義計畫區最後一筆大型土地釋出,8月5日截止收件,因此競爭相當激烈,據了解,包括國泰人壽、南山人壽、新光人壽、富邦人壽及中國人壽等5組人馬都評估此案。

A25地上權鄰松高路及松勇路,占地5452坪,是以BOT形式標售,底價180億元,得標者每年要依公告地價付約3%的租金,北市府也要求必須興建大客車停車場,且不能當成住宅開發,由於這筆土地與去年標售的世貿二館地上權案類似,因此市場上預估決標價格應在200億元以上,整體投資額則在300-400億元間。

目前國壽、富邦人壽、南山人壽及新壽都積極搶占信義計畫區土地,尤其是國壽若再拿下A25,在信義計畫區第一大「包租公」的地位可完全確立。

而南山人壽之前才以268.68億元拿下世貿二館地上權標案,銀彈是否還足夠搶標信義A25也備受矚目,對此,副董杜英宗表示,對台北市的房地產都有興趣,除了A25,在都更案方面,只要法令能解決、速度可加快,該公司也有興趣,因此對財政部主導的公辦都更案,也會研究。

Deadline is extended to 3/08/2013
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Old Posted Aug 4, 2013, 2:20 PM
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Insurance giants clash in bid for Xinyi parcel

By Ted Chen, The China Post
July 25, 2013, 12:09 am TWN




























TAIPEI, Taiwan -- A full cast of Taiwan's leading heavyweight insurance carriers are expected to mobilize in contesting the bid for a prized land parcel located in Xinyi District prior to the Aug. 5 deadline, following the relaxing of regulations by the Taipei City Government, rendering involvement in the deal by insurance companies possible.



Known as A25, the Xinyi District land parcel spans 5,452 ping, and lies in the premium commercial zone adjacent to Songyong Road and Songgao Road.

Reports indicate that the A25 plot is set to be auctioned at a base bid of NT$18 billion, with the rights to operations transferred through a build-operate-transfer (BOT) project financing format.

According to terms stipulated by the Taipei City Government, the winning bidder must build a parking structure available for public use, and is prohibited from initiating housing or residential developments on the A25 plot. City government's terms also relaxed restrictions imposed on insurances companies, who may now bid on the plot. However, terms stipulate that an accompanying parking structure must be established, with its management responsibilities transferred to a third party through contractual or rental agreements with the insurance company.

Market commentators stated that based on previous outcomes of similar properties, the winning bid for the A25 BOT deal is expected to exceed NT$20 billion, with total development costs nearing NT$30 billion to NT$40 billion. In addition, the winning bidder is subject to annual rental payment of 3 percent of registered land value.

Market commentators stated that the five companies Cathay Life Insurance (國泰人壽), Nan Shan Life (南山人壽), Fubon Life (富邦人壽), Shin Kong Life (新光人壽), and China Life (中壽) as likely participants of the A25 bid. The companies are reported to be flush with cash, commanding over NT$10 trillion combined.
http://www.chinapost.com.tw/taiwan-b...nce-giants.htm
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Old Posted Aug 5, 2013, 5:02 PM
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A25 bid has just failed as no bidder attempted to submit tender document today.
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Old Posted Jun 24, 2014, 2:55 PM
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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
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Old Posted Jun 24, 2014, 2:58 PM
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Fubon takes development right of A25. It is looking for mixed commercial development regard to local news.
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Old Posted Jun 25, 2014, 8:59 PM
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they'll probably waste the land and build another squat mall on it.
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Old Posted Jun 26, 2014, 5:24 AM
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Originally Posted by kalifese View Post
they'll probably waste the land and build another squat mall on it.
Maybe
The site is located at edge of Xinyi District. It actually has distance between site and main shopping area. Fubon probably will build office building instead of shopping mall. Because there are too many shopping centres at Xinyi District.
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Old Posted Jun 26, 2014, 6:24 PM
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Originally Posted by williamchung taiwan View Post
Maybe
The site is located at edge of Xinyi District. It actually has distance between site and main shopping area. Fubon probably will build office building instead of shopping mall. Because there are too many shopping centres at Xinyi District.
they need to open the real estate market to foreign developers and urban planners who know how to build a downtown cbd. taiwanese developers and govt officials dont know what they are doing and you can tell by looking xinyi and at their cities in general. ya i know, im a broken record but it needs to be repeated over and over until something changes.
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Old Posted Jul 1, 2014, 4:20 AM
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Sinking Yields in Asia Spur Investor Shift

Less Willing to Accept Low Returns, Buyers Are Taking on More Risk and Considering Properties Outside Their Regions

By
Jason Chow

Updated June 25, 2014 12:20 a.m. ET

Commercial real-estate yields in Asia are the lowest in the world, forcing investors to pay top prices for the highest-quality buildings, take on more risk or consider property investments outside of their regions for the first time.

Yields for centrally located office buildings are just 2.2% in Taipei, 2.8% in Hong Kong and 3.5% in Tokyo and Singapore. By comparison, they are 4.7% in New York and 3.8% in London's West End, according to CBRE Group Inc.

Pension funds, sovereign-wealth funds and other institutional investors have been willing to accept such low returns because they look attractive in a low interest-rate environment. But it also means that buyers are exposed to a loss in value if interest rates rise and demand for such low yields cools.

Yields have fallen so far in Taiwan that financial regulators last year instituted a new rule that limits domestic insurance companies' investments to properties that offer a rental yield of 2.875% or above. Authorities also have allowed insurance companies to buy real estate outside the country's borders for the first time.

Investors are modifying their strategies. Terence Loh, executive director at China-focused investment fund CDH Investments, said he has been investing in development projects in cities such as Beijing, Hangzhou and Xi'an rather than buying existing buildings. "The risk-reward is more compelling," he said.

Yields are an important measure of commercial-property values because lower yields typically mean higher prices. They are calculated by dividing the annual income by the price.

Traditionally, yields in Asia are lower than they are in Europe and the U.S. because often there are more buyers chasing fewer properties. Pension funds, sovereign-wealth funds and other institutional investors favor fully leased, well-located buildings and there are fewer of these in Asia. Also, many of these investors, until recently, have been reluctant to venture outside the regional markets they know best.

But lately yields in Asia have fallen to unusually low levels, along with the rest of the world. Buyers can tolerate smaller yields partly because they can borrow at lower costs and the lower returns still look attractive compared with the debt market.

Yields also have been falling in many countries because the annual incomes of properties aren't keeping up with rising prices. Prime office rents in Beijing and Shanghai, for example, have stayed flat over the past two years, according to CBRE, while those in Hong Kong and Taipei rose 2.3% and 1.1%, respectively, in the past year.

In some Asian cities, including Taipei and Beijing, yields are at or near historical lows, according to CBRE. In Hong Kong, they are at similar levels to the last major property boom in 1997. In Tokyo, the yields are at their lowest levels since 2005, CBRE says.

In Taipei, Mercuries Life Insurance Co. 2867.TW 0.00% Ltd. in April bought almost 8,000 square meters of retail space in the podium at Taipei TiT Tower Square for 3.95 billion New Taiwan dollars (US$131.5 million), with a rental yield of 3%, according to Real Capital Analytics, a real-estate data firm. The seller, Homax Group, acquired the same property in June 2011 at a price of NT$2.8 billion for a yield of 4.5% at the time.

In Singapore, a group of local companies in May bought a 93% stake from Keppel REIT K71U.SG -0.39% in the Prudential Tower in the city's central financial district for 512 million Singaporean dollars (US$409.3 million). The deal boasted a 3.5% yield, according to Real Capital. By comparison, Keppel REIT in 2011 bought the Ocean Financial Centre, also in the heart of Singapore, for S$2.0 billion in a deal that offered a 5.3% yield, Real Capital says.

Investors have started to leave their comfort zones to find higher yields. Some have targeted Australia. Yields are at 6% in Sydney's and Melbourne's main office districts. Singapore-based real-estate company Hiap Hoe Group bought an office building in Perth for 90 million Australian dollars (US$84.8 million), at a yield of 8.3%, according to research by property firm JLL.

Other investors are seeking distressed properties, hoping to boost yields by increasing revenue. Gaw Capital Partners, a Hong Kong-based private-equity real-estate firm, earlier this year paid US$30 million for the Hyatt Regency Osaka in hopes of turning around a hotel that lost US$10 million in the year ending March. "We saw a lot of quick fixes that we could do and cost-cutting that would make the hotel cash-flow positive right away," said Christina Gaw, managing principal and head of capital markets at the firm.

Some real-estate experts say investors are willing to accept low yields because they feel that property incomes are poised to rise after years of stagnation. They point out that commercial property often benefits from rising inflation because it allows landlords to raise rents. "Investors are going into Tokyo with the expectation of rising rents," said Alistair Meadows, international capital group head at JLL.

But others say investors accepting low yields are walking a thin line. Many of them have been trying to boost returns by adding leverage, a risky formula that exposes investors to default if rents or values decline.

Also, if interest rates rise faster than inflation, owners could get squeezed, experts say. "These tight [yield] rates will have a very small margin of error," said Nicholas Wilson, research manager for capital markets in Asia Pacific, at JLL.

—Esther Fung in Shanghai
and Aries Poon in Taipei contributed to this article.
http://online.wsj.com/news/articles/...986080140.html
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Old Posted Jul 1, 2014, 4:22 AM
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they need to open the real estate market to foreign developers and urban planners who know how to build a downtown cbd. taiwanese developers and govt officials dont know what they are doing and you can tell by looking xinyi and at their cities in general. ya i know, im a broken record but it needs to be repeated over and over until something changes.
Taipei has the lowest return yield for office building. It is one of main reasons why Taipei does not attract foreign investors. So why we have so low return yield.
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Old Posted Jul 1, 2014, 9:49 PM
kalifese kalifese is offline
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Taipei has the lowest return yield for office building. It is one of main reasons why Taipei does not attract foreign investors. So why we have so low return yield.

maybe because the quality of the office buildings is so low and not up to international standards and architecture aesthetics is so ugly that no foreigners want to rent or develop there.
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Old Posted Jul 2, 2014, 5:06 AM
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Fubon patriarch buys prime property

By Ted Chen, The China Post
July 2, 2014, 12:03 am TWN



TAIPEI, Taiwan -- Fubon Group (富邦) founder Tsai Wan-tsai (蔡萬才) yesterday acquired a parcel of prime real estate in the coveted Daan District, following numerous earlier precedents of notable property purchases.




Tsai purchased an aged 718-ping Taiwan Cooperative Bank (合作金庫) dormitory complex situated in the residential area of Xinyi Road, section 4 at the cost of NT$2.67 billion, or about NT$3.628 million per ping. A ping is approximately 3.306 square meters.

A real estate company commented that despite government policies aiming to suppress runaway housing prices and gloomy market prospects, a number of developers and financial conglomerates have been ramping up acquisition efforts. The Fubon Group's life insurance arm won the auction for the surface rights to the A25 plot in Xinyi District and a 2,747-ping property situated on Changchun Road (長春路), section 1 in Zhongshan District (中山區), spending about NT$26.48 billion in total.

Taipei Immediately Hikes Hoarding Tax

In an effort to deter rampantly rising housing prices, Taipei City Deputy Mayor Chang Chin-oh (張金鶚) yesterday announced that house taxes imposed on homeowners with multiple residences to their name will be increased by as much as 2 percent.

Chang explained that the measure is specifically designed to combat the practice of hoarding residential properties common among real estate speculators. Residents owning more than two properties which they do not reside in will see their house taxes raised from 1.2 percent to 3.6 percent, while house taxes for those with less than two non-primary residence properties will be raised from 1.2 percent to 2.4 percent. Chang however, declined to comment on the efficacy of ongoing measures in curbing skyrocketing home prices. Market observers commented that the change is not expected to yield significant results in suppressing home prices. With the threshold set to affect only homeowners with more than three non-primary residential properties, only two percent of the populace, or about 12,000 homeowners will be impacted.

High-Valued Land Transactions Undeterred

Meanwhile, high-valued land transactions remain undeterred among heavyweight investors and speculators, as indicated by the latest update on the Ministry of the Interior's actual transaction price registration system for May published yesterday.

A high profile commercial building in Ximending (西門町) with an estimated value of NT$3.95 billion was discovered to be commanding prices reaching around NT$3 million per ping in the coveted first and second floors. The building changed hands earlier in April this year, netting its original owners profits of NT$1.15 billion since acquiring the building for NT$2.8 billion.

Real estate companies stated that certain commercial properties in a stellar location pose an especially viable long-term investment for life insurance companies, adding that acquisitions often represent the better option as opposed to lengthy and complicated development initiatives.
http://www.chinapost.com.tw/business...-patriarch.htm
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Old Posted Aug 14, 2014, 2:11 PM
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Insurers study possible acquisition of ailing peers

The China Post news staff and CNA
August 14, 2014, 12:01 am TWN






























Fubon Financial Holding Co. (富邦金控) and Cathay Financial Holding Co. (國泰金控), two of Taiwan's leading financial institutions, said Wednesday that they will study the feasibility of acquiring two ailing life insurers that were taken over Tuesday by regulators.




Concurrently, Fubon Financial Holding Vice Chairman Richard Tsai (蔡明興) yesterday signed an agreement to confirm the group's surface rights to the coveted A25 land plot in Xinyi District.

Having showed interest in the acquisition of peers, both Fubon Financial and Cathay Financial said they would wait to see the terms offered by financial authorities before looking into the possibility of making a deal for financially troubled Global Life Insurance (全球人壽) and Singfor Life Insurance (幸福人壽).

The two financial holding companies already have life insurance units. Fubon Life Insurance is Fubon Financial's flagship insurance unit, while Cathay Life Insurance is one of Cathay Financial's major sources of income.

The comments came after the Financial Supervisory Commission (FSC, 金融監督管理委員會), Taiwan's top financial regulator, announced Tuesday that it had taken over the two debt-ridden insurers in a bid to prevent their financial conditions from worsening further.

Global Life and Singfor said their operations remained normal Wednesday morning after the takeovers.

It is now planning to hold auctions next year to find suitors for Global Life and Singfor Life.

Analysts cited Mega Financial Holding Co. (兆豐金控), E. Sun Financial Holding Co. (玉山金控) and CTBC Holding Co. (中信金控) as other potential buyers.

The FSC said it made the move because the two life insurers' net worth was continuing to decline after years of losses.

As of the end of the second quarter, Global Life's net worth had fallen to minus NT$25.2 billion (US$840 million), compared with minus NT$23.2 billion recorded at the end of 2013.

Singfor Life's net worth had dropped to minus NT$23.9 billion as of the end of June from minus NT$23.3 billion at the end of last year.

In addition, the risk-based capital (RBC) ratios of Global Life and Singfor Life were lower than the minimum 200 percent required by the Insurance Act, the FSC said, but it declined to disclose the two insurers' RBC ratios.
http://www.chinapost.com.tw/business...rers-study.htm
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  #20  
Old Posted Aug 15, 2014, 6:32 AM
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ZZZZZZZZZZZZ........BBBBOOOOOOOOORRRRRIIIIIIINNNNNGGGGGGG....超無聊。。。

Last edited by kalifese; Aug 15, 2014 at 6:46 AM.
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