Spaces within a building in the Eastern area of Taipei City in Taiwan were auctioned on Monday, attracting several potential buyers and setting record prices.
The property, Sanyang Zhongxiao Building, is located at No. 180, Zhongxiao East Road Section 4. It is divided into two sections, with the underground and first to third floors grouped into one package with a price tag of NT$860 million (S$37 million).
Meanwhile, the fourth to 14th floors, excluding the sixth and seventh floors, were grouped into another package with a base price of around NT$1.36 billion.
The first package was acquired by Fubon Life for a whopping NT$2.011 billion, more than twice the NT$860 million price tag. A Chinese investment consultancy firm, Jifu Zhonghua, won the bid for the second package for NT$2.1345 billion, approximately 56.7 percent higher than the NT$1.36 billion base price.
With a total offer of NT$4.145 billion, this translates into a unit price of between NT$6.5 million and NT$7 million a ping, or 3.3 sq m, the highest price paid in a commercial property auction.
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