Huaku scores NT$4.49bn Nangang development dealBy Crystal Hsu / Staff reporterHuaku Development Co (華固建設) yesterday won the auction for an 875 ping (2,887.5m2) plot in Taipei’s Nangang District (南港) at NT$4.49 billion (US$161.67 million). The price of NT$5.13 million per ping is a record for the area, as the district evolves into a first-tier area for property development. New buildings being constructed in Taipei’s Nangang District are pictured on Aug. 28. Photo: Hsu Yi-ping, Taipei TimesSinyi Realty Inc (信義房屋) head researcher Tseng Ching-der (曾敬德) said that the deal showed that Huaku is upbeat about property demand and prices in the district. Huaku is expected to ask NT$1.1 million per ping amid favorable development terms, real-estate consultancy REPro Knight Frank said.

Source: Taipei Times September 23, 2021 15:56 UTC