So are they going to knock down those two ugly blocks in the background that have magically disappeared from that pic ?
What’s with real estate and Taiwan eh ?
You can even sell a product that is billed as twice as big as it really is and it’s legal.
I remember seeing a full page ad in the Taipei Times for some luxury housing in Xinbei. The superimposed image was the leafy south end of Dunhua South Road in Taipei City—miles away, and in a different city, from the units being advertised. WTF!
The money these developers must be making. Urban renewal deals are the sweetest, in-kind payment to existing apartment owners, i.e they get an apartment when project has finished. No cash put down to obtain the land. No assistance for temporary accomodation provided! People are signing these deals. The sky is literally and figuratively the limit, unless near an airport.
I can picture Bigly Castle Villas now. The entrance is adorned with a beautiful statue of a man with small hands and a large member and all bathrooms are equipped with the finest shower faucets produced by Guanxi Golden Showers Manufacturing Co. Ltd.
Taiwan’s strong property rights laws make it so that if one person doesn’t agree, the project falls through. Some people get greedy and ruin it for everyone.
Multiple developers can compete for one building, they pitch to owners their plans. So a lot of negotiations going on I suppose. I can only imagine it must be like herding cats. Also someone on here a while back raised that some landlords are o/s based so sometimes owners unable to form a quorum.
Owner went to mediation meeting and his home was torn down while he was there, because 90% of the neighborhood had already agreed to the demolition. It’s political suicide to force people out of their homes this way.
Another data point: For the new Beitou-Shihlin-Science park the government negotiated for 20 years with the locals before they reached an agreement. The residents insisted that the local temple must be rebuilt brick by brick in the new location.
Interesting, thanks for sharing that. It’s an unusually big project.
There are many large scale urban renewal schemes around Taiwan, but it’s more appropriate to say ‘ex illegal industrially used farmland now been rezoned to residential’. Huge districts all around Taoyuan and Taichung. Unfortunately they didn’t renew the really old grotty stuff in those cities, such as in Taoyuan central districts.
Taichung has seen some central urban renewal on the main thoroughfares I guess.
Keelung desperately needs work too.
Taiwan has a very crappy land management system, obviously highly corrupted .
The aging population would be putting the brakes on a lot of these deals. It is just not a good deal for the aged, they want stability. For younger families it is probably worth it, you get to swap your crappy decaying gongyu for a swanky new apartment, with some upheaval, and some risk.
A lot of people also elderly would like (elevators …Shiny new stuff) but they invariably get blocked by the greediest in the bunch. Anyway it seems like renewal could finally proceed apace over next few years. Those central districts are still the most popular and often best areas to live with all Amenities there.
Xindian is seeing a lot of redevelopment now finally. Often depends how close to MRT station.