Asia Visitors Guide

One Prime property in Taipei Taiwan just came on the market; Many speculators developers eyeing it

Press Release   •   Nov 22, 2010 03:53 GMT

Medium sized parcels of land are scarce in Taipei and despite soaring prices for land, there seems to be no shortage of enthusiasm from local and foreign investors to get into the market.  Although Taiwan’s other major cities such as Taichung and Kaohsiung are also experiencing rising real estate prices, Taipei city stands out dramatically.  Prices of land (and finished units) have risen to record heights and continue to soar, fueling even more enthusiasm from speculators and developers.

 

This parcel of land has escaped speculators’ attention in the past even though it is located in a prime location of Taipei City, in the vicinity of Taiwan University.  Previously, developers have bypassed this property even though it was priced very low, because of certain encumbrances that need to be resolved before development can proceed.  On this property, there are a number of old graves which of course can be “relocated” or “removed” by law but the cost is estimated at NTD8 to 10 Million.  Another issue that requires extra investment by the buyer to resolve is that the hilly terrain of this property might mean extra efforts in architecture and construction.

 

Presently, based on published zonal value, this property is worth at least NTD240 Million.  The buyer will have to acquire about 30% more of land from the government to complete the ownership of the entire “block”.   Although hampered by more problems and issues than other parcels of land, the upside of this acquisition can be extremely substantial for both speculators and developers who have the financial capabilities to remove these obstacles.

 

The land owner is a small company which does not have the means to handle these issues.  Needing to raise cash for other investments, the property is now put up for sale at a very attractive price of NT$65 Million.  At this price, the property is not expected to remain on the market for long.

 

 

DESCRIPTION OF PROPERTY

 

1559ping or 56,124sf of land is offered for sale in Taipei Wen Shan Prefecture Fu-Shing Road.  Located within vicinity is Taiwan University.

 

For more information about this property please log on to

 

http://bcsdavid.myweb.hinet.net/

 

enter: bcsdavid,,password:bcs302913

台北市文山區福興路土地(興福國中對面)
基地面積:1559坪,山限區土地
地主自售
住二、住三地
六筆地號,有二筆地號的 1/3 為國有土地
興福國中對面,福興路邊地,範圍完整
上有墳墓及佔有物(有門牌的木屋及磚造屋各一)
現況交地,買方自行排除
如有興趣請到以下網址,查看有關土地方面的相關詳細資料。網站的網址為:

http://bcsdavid.myweb.hinet.net/

先按畫面右上方的登入後再輸入帳號:bcsdavid,,密碼:bcs302913,即可進入)。

 

Property consists of 6 titles all belonging to one company.   Transaction can be a sale or the property or a sale of 100% shares of the company itself.  

 

To obtain more information, contact us at:

 

Business@Yats-International.com

 

 

Land for sale in Taipei Taiwan, 56,124 square feet located near Taiwan University.  This parcel of land has escaped speculators’ attention in the past even though it is located in a prime location of Taipei City, in the vicinity of Taiwan University.  Previously, developers have bypassed this property even though it was priced very low, because of certain encumbrances that need to be resolved before development can proceed.

For more information about this property please log on to

 

http://bcsdavid.myweb.hinet.net/

 

enter: bcsdavid,,password:bcs302913