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Qingpu gets another major boost as the Asia Silicon Valley Innovation Center seeks investors

From Liberty Times · () Chinese

Translated from Chinese and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement New plan
  • Taoyuan Aerotropolis Corporation has opened a bidding process for an integrated development around the Asia Silicon Valley Innovation Center near Airport MRT A19 station.
  • The project will seek investors able to develop and operate an industrial hub, including company headquarters, research centers, innovation laboratories and offices, alongside a five-star hotel.
  • The development is expected to create about NT$54.5 billion in value, with applications due by Jan. 25, 2027, and a preferred bidder expected to be selected in February.

A large development site near Taoyuan’s Airport MRT A19 station has formally entered the market, with planners seeking an investor that can bring in industries, build the facilities and manage them over the long term.

The Taoyuan Aerotropolis Corporation is combining an industrial parcel of about 3.81 hectares with a nearby residential parcel of about 1.76 hectares. The industrial site must devote at least 60 percent of its completed space to industrial occupants, while also providing public facilities and parking.

The residential site will serve as an international business and living-services component. It must include a five-star tourist hotel with at least 200 rooms and at least 8,000 ping of total floor area. The hotel must operate for at least 15 years after receiving its business license.

The project targets artificial intelligence and digital technology, smart systems, health technology and biotechnology, green technology, and other high-value industries. The corporation said it wants to link research, technology applications, corporate operations and international business around a cluster supported by nearby transport and public facilities.

Applications will close on Jan. 25, 2027. The preferred applicant is expected to be selected in February and sign a contract in March. The industrial and hotel developments should obtain building permits within 30 months of signing and occupancy permits within six years. Colliers representative Huang Shu-wei estimated the project could create about NT$54.5 billion in development value.

The project is seeking not just land developers, but investors capable of taking responsibility from development and industry recruitment through long-term operations.

— Taoyuan Aerotropolis CorporationThe corporation described the type of investment team it wants to attract.
About this summary

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.