trending Market Intelligence /marketintelligence/en/news-insights/trending/jifDeSN7fjGeT8A9dqtPwQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Yuanta Life Insurance's sole NT$5.33B bid secures Taipei development site

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Yuanta Life Insurance's sole NT$5.33B bid secures Taipei development site

Yuanta Life Insurance Co. Ltd. secured the rights to develop a land parcel in Taipei after offering to pay NT$5.33 billion during an auction, the Taipei Times reported, citing the National Property Bureau.

The Yuanta Financial Holdings Co. Ltd. subsidiary submitted the only offer for the 4,793-square-meter development site near the Songjiang-Nanjing MRT Station. The floor cost of the site is NT$4.1 billion.

The consideration for the plot will allow the insurer to generate an up to 4% rental income for 70 years after building a commercial complex in the site, the publication reported, citing property analysts.

Aside from the offered amount, Yuanta Life will also pay an additional NT$230 million in one-time construction fees associated with the nearby MRT station.

As of Dec. 9, US$1 was equivalent to NT$30.49.