The commercial construction project "Zhongtai World Plaza" on Jingye 2nd Road in Bei City has disclosed at least 6 real prices as of early August this year. (Photo taken from Google Map)
[Reporter Xu Yiping/Taipei Report] The market price of Dazhi offices has skyrocketed, exceeding 1.3 million yuan per square meter. In less than 10 years, the unit price per square meter has risen from less than 900,000 yuan to over 1.3 million yuan. Since this year, it has only been a commercial office. The cumulative total of new cases and real price disclosures for the building has reached nearly 3.47 billion yuan. According to cadastral data, the recently revealed buyer of the 10th floor unit is the legal person Linhe Co., Ltd., and the nominee director is the third generation of Evergreen Group. The transaction amount exceeded 486 million yuan.
According to the latest disclosure from the Ministry of Interior’s real price website, the commercial construction project "Zhongtai World Plaza" located on Jingye 2nd Road, Beicheng City, as of early August this year, has disclosed at least 6 real prices, two of which have a single transaction value of more than 900 million yuan, and one transaction has a transaction value of more than 1.3 billion yuan. Among the buyers are major semiconductor manufacturers, motorcycle parts and modification manufacturers, and even the third generation of Evergreen Group has also purchased.
Please read on...
Further observation of the six real price disclosures revealed that the unit price per square meter was more than 1.3 million yuan. Real estate industry players pointed out that in 2019, when the National Bank spent 5.67 billion yuan to buy the "Guobi Financial Building" (formerly known as "Huagu Asia Pacific Land") on Zhifu Road, the average price per square meter was less than 900,000 yuan. However, this year, the six real price disclosures for "Zhongtai World Plaza" were more than 1.3 million yuan per square meter.
Ding Wenzhen, senior associate of Savills Research Department, pointed out that in recent years, Dazhi has launched many office building projects, including Zhongtai, Huagu, Liangmao, Continental Construction and other builders, which has also led to a clustering effect in the commercial office market in Dazhi. Many office building projects have gradually pushed up prices due to the advantages of brand builders, well-known architects, rising construction costs, and the scarcity of new buildings.
New office projects in Dazhi and Nangang have unit prices up to 1.4 million
Currently, if you want to purchase new commercial office buildings in Taipei City, they are mainly concentrated in Nangang, Dazhi and Beishike. Among them, the unit price of new commercial buildings in Nangang and Dazhi has exceeded the one million threshold. Some well-known builders have a unit price of 1.2 million to 1.4 million yuan per square meter.
Huang Shuwei, director of Colliers International Real Estate Owner Representative Services Department, said that the Dazhi rezoning area has its own special features in Taipei City's commercial and commercial district. In particular, apart from the Xinyi Planning District, there is no area in Taipei City that is so large and has such complete functions. It is also close to Songshan Airport, internal medicine, and the expressway system, and it is easy to connect with the technology corridor from Beishike to Nangang. However, the property rights of land in Dazhi are mostly private and owned by the non-life insurance industry. There is great flexibility in terms of product positioning, construction specifications and sales planning whether it is sold in whole or in bulk.
He Shichang, CEO of Xinchuan Real Estate Think Tank, said that life insurance companies with abundant financial resources have returned to the commercial office market in recent years, aiming to purchase high-quality commercial offices. However, the new supply of Dazhi commercial offices is limited, and if the conversion rate reaches the standard, it becomes easier for the life insurance industry to hunt for properties.
Grasp the economic pulse with one hand. Click here to subscribe to Free Finance Youtube Channel
