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Taipei | Taipei World Trade Center Exhibition Hall 3 Redevelopment

Nan Shan Life wins Xinyi plot
By Crystal Hsu / Staff reporter

Nan Shan Life Insurance Co (南山人壽) yesterday won the superficies rights to a plot of land in Taipei’s Xinyi District (信義) for NT$31.28 billion (US$1.03 billion), outbidding major domestic peers by a 17.41 percent premium.

Nan Shan won a 70-year lease to redevelop the former site of the Taipei World Trade Center Exhibition Hall 3, which is owned by the National Property Administration, beating out Fubon Life Insurance Co (富邦人壽), Cathay Life Insurance Co (國泰人壽) and Shin Kong Life Insurance Co (新光人壽).

The victory came just four months after Nan Shan gained the superficies rights in November last year to regenerate the nearby Xinyi District Household Registration Office for NT$15.98 billion, 60 percent higher than the asking price.

“The outcome shows domestic life insurers remain keen about land plots in central business districts” even though the coronavirus outbreak is softening commercial trade transactions, Sinyi Realty Inc (信義) account manager Michael Wang (王維宏) said.

The lack of new land lends support to the competition, he said, adding that Nan Shan has not said what it plans to do with the plot.

The decline in premium rates suggests an increase in caution amid bidders, Knight Frank Taiwan researcher Andy Huang (黃舒衛) said.
https://www.taipeitimes.com/News/biz.../31/2003733677

Any idea what kind of office building they are building here? I hope to see something tall like Nanshan Plaza / A25 Fubon Headquarters. I heard its bought by Nanshan. Hope to see design tenders coming out soon!

I hope it will be another super tall.

Any approximate date for the design release? Will there be a competition like for the Sky Tower?

Quote:

Originally Posted by Rachmaninoff (Post 9084601)

Any approximate date for the design release? Will there be a competition like for the Sky Tower?

As far as I know, Nanshan Life Insurance downside scale of development by reducing floor number. Now it is 35Fl which is way below what I heard a couple of months ago.

https://ins-info.ib.gov.tw/customer/...x?UID=11456006

[table=98%,rgba]
[tr][td]不動產部[/td][td]副總經理[/td][td]陳美真[/td][td](02)8758-8888[/td][td](02)8786-7087[/td][td]不動產投資開發、不動產整合規劃、工程專案管理、招商與租賃管理、物業管理與資產維護[/td][/tr]
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contact developer
senior manager of Department of Development in Nanshan Life Insurance

The render is deliberately stretched in height to make it look taller. It’s not only too short, the design is too similar to Nanshan Plaza. How disappointing.
I sent a “complaint” to the Taipei City development site about this project and they basically answered: we understand citizens’ concerns about this project but blah blah blah.
If Nanshan didn’t have enough resources to build and outstanding building on the most important site of the whole Taiwan, they should have not bid for it.