I would like to find out whether “air rights” are a thing in the real estate market here in Taiwan. But I don’t know how to write it so I can Google for more information
I think the Chinese is “lu di” – which sounds like side road or side of the road.
This article about Air Rights is what I am referring to
https://www.elegran.com/blog/2013/03/money-out-of-thin-air-air-rights-and-manhattan-part-1
One of the most famous instances of transferable development rights is Donald Trump’s 72-story tower at 845 United Nations Plaza. In a shrewd maneuver that outraged the Upper-East Side, Trump amassed the air rights from the surrounding buildings and created the tallest residential building in the world at the time. Of course, while it may be the most extreme example of the use—or abuse, depending on your perspective—of air rights, Trump World Tower is far from an isolated occurrence.
The Holy Family Catholic Church on East 47th was one of the buildings that sold its rights to Trump, receiving $10 million for space they were never going to use. Places of worship often sell their air rights because the typically low-rise buildings rarely come close to zoning limits. In November 2005, Christ Church in New York sold their air rights for a $430 per square foot, raking in more than $30 million. St. Teresa’s Church used the $2.1 million of its 1998 sale of air rights to pay for the building’s restoration.