Gaojie's first joint project, O4 Qianjin Station, plans to build a 23-story A-grade commercial office building above ground, striving to be completed in 2028. (Provided by Kaohsiung City Rapid Transit Bureau)
The first MRT joint project after Gaojie was opened to traffic, the completion time has been delayed again and again! The Kaohsiung O4 Qianjin Station Joint Development Project was invested 3.281 billion yuan by Mingxuan Development, a subsidiary of Lihpao Group. When the groundbreaking began in 2022, it was originally scheduled to be completed in 2025. It was previously postponed to 2027 due to geological and groundwater problems. Now the Kaohsiung City Government has recently announced that it will move toward completion in 2028, which is three years later than the original plan.
The O4 Qianjin Station Joint Development Project is located at the intersection of Zhongzheng 4th Road and Ziqiang 2nd Road in Qianjin District, close to the No. 2 entrance and exit of the MRT Orange Line O4 Station. The site is about 1,058 square meters. In 2021, Mingxuan Development obtained the best applicant qualification and planned to build a Class A smart commercial building with 4 floors underground and 23 floors above ground. The total floor area is about 16,000 square meters. It is also Gaojie's first joint development project that combines MRT entrances and exits.
Water stop project lengthens construction period
A groundbreaking ceremony will be held for the project in March 2022, and the project was originally scheduled to be completed in 2025. The MRT Bureau previously stated that the base is adjacent to the Love River, has a high groundwater level, and the geology is dominated by loose sand. In addition to constructing standard continuous walls, the construction team also added additional water-stopping methods such as CCP water-stopping piles to ensure the safety of the underground structure. Therefore, the construction period was extended, and it was estimated at the time that the project would be completed in 2027.
Kaohsiung City Vice Mayor Lin Qinrong inspected the O4 Qianjin Station on the 9th and jointly started the project. The grouting of the first floor floor has been completed. (Provided by Kaohsiung City Rapid Transit Bureau)
Kaohsiung City Vice Mayor Lin Qinrong visited the work area on the 9th. The latest progress shows that the base has completed the grouting of the first floor floor on September 30 this year. The "double smooth" construction method will be adopted to simultaneously promote the above-ground steel structure and underground structure projects. It is expected to complete the main steel structure in June 2027, and the entire project is targeted to be completed in 2028.
Mingxuan’s estimated total sales are 6.9 billion yuan
According to the information from the legal person's briefing before the development of Mingxuan, the project is planned to have 23 floors above ground and 4 floors below ground for a Grade A commercial office building with a total floor area of approximately 16,000 square meters. The entire project is planned to have 70 households and an estimated total sales of 6.9 billion yuan. The city government estimates that the development equity value of approximately 2.788 billion yuan can be recovered, and the related income will be invested in the construction of MRT in the future.
Architect Ou Wangsen said that the standard floor height of the office is 4.5 meters, with three units planned on a single floor, and a shared conference room and innovation exchange center. The first and second floors combine commercial services and industrial exchange spaces. The building will also be co-constructed with the No. 2 entrance of MRT O4 station.
Local experts pointed out that the area along Zhongzheng Road in Qianjin District was originally Kaohsiung’s traditional financial business district. With the launch of the Asian Asset Management Center Kaohsiung Zone, more than 60 financial institutions have been approved to handle trial business. The development of the financial industry has brought potential demand for new business offices. However, in recent years, in addition to Qianjin District, Kaohsiung has also seen large-scale commercial development projects in the Asia New Bay Area and North Kaohsiung. In the future, the supply of new offices will increase, and whether companies can keep up with the speed of entering will affect market depletion.
