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williamchung taiwan Jul 11, 2013 10:01 AM

Taipei | Taipei Sky Tower | 280m | 47fl | U/C
Chinatrust confirms HQ sale to proceed

By Crystal Hsu / Staff reporter

Chinatrust Financial Holding Co (中信金控) yesterday said it will proceed with the sale of its headquarters building and the adjoining Novel Hall Theater in Taipei’s Xinyi District (信義).

The company made the comment after President Ma Ying-jeou (馬英九) urged Chinatrust Financial to preserve the 16-year-old Novel Hall, Taipei’s first privately owned theater, which Minister of Culture Lung Ying-tai (龍應台) and many others have been petitioning to save.

“Chinatrust Financial plans to move its headquarters to a new building in Nangang District (南港) next year and has no choice but to sell its current headquarters and Novel Hall,” the company said in a statement.

Novel Hall was built by Chinatrust Commercial Bank (中國信託銀行) and is run by a culture foundation linked to Chinatrust founder Jeffrey Koo Sr’s (辜濂松) family.

The bank spent NT$1.2 billion (US$40 million) building the theater and has put an extra NT$1 billion over the past 16 years to maintain its operation, the statement said

Chinatrust Financial said it is up to the buyers of the Xinyi building to decide whether to preserve the theater, but added that if the government could help Chinatrust Financial obtain a suitable piece of land, it would try to build a larger and better theater.

Several property investors are reportedly interested in the Chinatrust Financial building, which is valued at NT$25 billion.

Chinatrust is moving its Headquarters to Nangang ( and intend to sale its old headquarters in Xinyi District. The current building in term of design and floor area does not generate same value as sale price. It mean it has a large possibility that new owner will redevelop and build a taller building on it.

The statutory floor ratio of this zone is 560%. The redevelopment project will gain 50% extra to make it 840%. It can be 200m+ high-rise with this floor ratio.

williamchung taiwan Jul 11, 2013 10:05 AM

kalifese Jul 11, 2013 7:47 PM

i cant believe they cover up the entire building with ads like that. :uhh:

i hope the new owners will tear this building down and build a nice supertall on it. designed by a globally renowned foreign architect of course!

williamchung taiwan Oct 3, 2013 4:43 AM

看上中國信託松壽大樓 中東主權基金 錢進信義區
2013-10-03 01:20




 看好兩岸服貿協議可望生效,台灣資產增值潛力可期,外資私募基金子樂資產-Riant Capital,日前砸下48.5億元「錢」進新竹;而中東主權基金-阿布達比穆巴達拉也評估出手買下中信松壽總部大樓。
 除中東主權基金外,不少國外私募基金已大舉來台獵地。仲量聯行董事總經理趙正義表示,美國QE退場牽動握有龐大游資的法人機構下一步資產布局,目前大中華區域躍居為首選,台灣已有多家外資新面孔,投石問路;外資法人Riant Capital日前才砸下48.5億元,收購德安新竹的美麗信酒店和辦公大樓等。
 根據統計,今年以來,已經有豐泰地產、新加坡AIP、大陸央企中檢實業、美國Riant Capital等4組外資買家購買台灣不動產,金額已超過104億元。
 事實上,從2010年以來,海外私募基金、建商即積極在台獵地、買樓。例如去年馬來西亞商Gaw Capital基金以35億元,買下內湖的東京科技總部;前年香港商吉富中華也以41.45億元,買北市忠孝東路的三陽大樓。

williamchung taiwan Oct 3, 2013 4:49 AM

Chinatrust has set up some condition for this saling.
1. Chinatrust automically gain 5% of total property right (floor area + land).
2. Chinatrust and its subsidiaries will purchase 25% of floor area for branch and office.
3. Chinatrust will remain as priority buyer for rest of 75% floor area.

zmsmln Oct 11, 2013 3:50 AM


williamchung taiwan Oct 31, 2015 4:33 AM

Chinatrust's old HQ sold for NT$15.1 bil.

By Christine Chou ,The China Post
October 31, 2015, 12:22 am TWN

TAIPEI, Taiwan -- Chinatrust Financial Holding Company (中國信託) announced yesterday the decision to sell its old office building to Green Heaven Investments Limited (BVI) and Sho-he Development Company (SH, 碩河開發) for approximately NT$15.1 billion, gaining more than NT$7 billion from the sale, according to industry experts.

Located in a key location in Xinyi District, Taipei City's commercial hub, Chinatrust's former headquarters has faced difficulty in finding bidders for more than a year. This year, China trust cut back its price, with the lowest offer dropping by NT$5 billion.

Industry watchers speculated that the sale was caught in a deadlock because of the conditions Chinatrust demanded. Among which were that Chinatrust would continue to hold 5 percent of the building's ownership, that a stage should be built with the exact same design as before, that an art space should be built and that future owners should follow the same conditions.

SH is to own 95 percent of the property, with the building registered under its name. The remaining 5 percent remains in the hands of Chinatrust — a strategic move "taking into consideration long-term business plans and (the building's) iconic value for our corporate image," stated the company.

According to Chinatrust, the group and SH will jointly tear down the old headquarters and construct a new building on the same spot.

Industry experts forecast that if the sale is finalized in the fourth quarter, it will likely boost annual revenue for Chinatrust this financial year, and help it jump ahead of Megabank (兆豐銀行) to become Taiwan's third biggest bank by profit gains.

Continental Holdings Corporation (欣陸控股公司), based in mainland China, is the parent company of SH and Green Heaven Investments Limited (BVI).

williamchung taiwan Mar 4, 2016 11:21 AM

taiwan-city forum

Demolition begin!
Start from 3/01 to 4/30

kalifese Mar 5, 2016 1:00 AM

are they tearing down that entire building? if so what are they going to build in its place?

Arch&Design Mar 5, 2016 5:54 AM


Originally Posted by kalifese (Post 7359659)
are they tearing down that entire building? if so what are they going to build in its place?

By this news report I just watched, it'll possibly be a 45 floor hotel and not so surprisingly....another mall

williamchung taiwan Mar 5, 2016 9:36 AM

taken by me

williamchung taiwan Mar 5, 2016 9:50 AM


Originally Posted by Arch&Design (Post 7359861)
By this news report I just watched, it'll possibly be a 45 floor hotel and not so surprisingly....another mall

The building design has to include theatre in building podium. According to negotiation between Taipei City Government and Chinatrust, the new theatre has to build on exact same location to replace 新舞台. I don't think it will be another mall.

kalifese Mar 6, 2016 4:07 AM

I'm really surprised they're actually going to tear it down as it seems like they rarely ever tear any buildings down in Taipei. Otherwise there wouldnt be so many crappy dirty buildings all over the city. That building is not even that crappy looking compared to other buildings like the shin kong mitsukoshi building or city hall or Taipei main station. Or the crappy concrete apt buildings around xinyi and other high rises. They really need to tear all those down too.

williamchung taiwan Mar 22, 2016 2:24 PM

taiwan-city forum

kalifese Mar 23, 2016 5:59 AM

what are they going to build in its place? any renderings?

williamchung taiwan Apr 4, 2016 10:08 AM

taiwan-city forum

williamchung taiwan Apr 12, 2016 8:09 AM

taiwan-city forum

williamchung taiwan Apr 22, 2016 10:28 AM

taiwan-city forum

Arch&Design Apr 22, 2016 3:17 PM


Originally Posted by williamchung taiwan (Post 7416908)

Question: How do they get those excavators on top of the building?! :shrug:

williamchung taiwan Apr 23, 2016 3:12 AM

It is so easy, they can use 250T 300T 400T crane at night.

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