8 May 2012
NEIHU TECHNOLOGY PARK
According to recent reports by Colliers International, The Chong Hong Surehigh Building was completed in 2Q 2012 and increased the total stock of Neihu Technology Park by 2,100 ping to 800,251 ping. This quarter, the net take-up was 4,777 ping, an increase of 68.5% QoQ. The vacancy rate decreased 37 basis points QoQ to 11.26%. The average rent rose a slight NT$4 or 38 basis points QoQ to NT$1,138 per ping per month.
The vacant area of some buildings, including the Asia Plaza, Chi-Sing Xi Hu Building, Century Financial Center, Sotai Cloud+ Building, Hung Poo Wen Teh Building and Shi Yang Building decreased by more than 500 ping this quarter. In addition, one of the notable leasing transactions this quarter was LG Chem (Taiwan) Co., which leased 1,100 ping in Loyal Building.
On an investment sales front, the highest transaction value deal was from Fubon Life Insurance Co., spending NT$7.1 billion to acquire 10,734.3 ping (including 235 parking lots) of the New Kai Quan Building from Chong Hong Construction Co.. Other big sales transactions included Elison Fashion Co. purchasing 697.2 ping of Nasdak Building for NT$375 million; and Taiwan Mobile Co. purchasing 787.85 ping (including 21 parking lots) of Brightkite Building for NT$318 million. The transacted unit price of New Kai Quan Building exceeded NT$700 thousand per ping and set a record high among similar properties