Taiwan Asset Management Wins Bid for First Public Urban Renewal Project in Taipei

Taiwan Financial Asset Management Company (Taiwan Asset Management) has secured its first public urban renewal project, being chosen as the preferred bidder for the "Wenshan Jing" development in Taipei's Wenshan District. This marks a significant milestone for the state-owned enterprise as it actively engages in urban regeneration initiatives.

The project, located on approximately 377 ping (about 1,246 square meters) of land bordered by Wansheng Street and Wansheng Street Lane 166, involves constructing a 14-story residential building with two basement levels. It will house 68 units and is slated for completion by 2033. The estimated investment is NT$754 million, with an anticipated asset value of NT$1.415 billion upon completion. The development aims to create a safe and livable environment with a core philosophy of being people-oriented, ecological, and sustainable.

“

The selection of Taiwan Asset Management as the preferred applicant for this project represents an affirmation of our professional capabilities and symbolizes the further implementation of the responsibility of state-owned enterprises to invest in urban regeneration and assist in improving housing safety and environmental quality.

Taiwan Asset Management Chairman Kung Wen-ping highlighted that the selection validates the company's professional capabilities and reinforces its commitment to urban regeneration, enhancing housing safety, and improving environmental quality. The company plans to approach the project with diligence, professionalism, and responsibility, focusing on maximizing urban land value and revitalizing the surrounding area.

Addressing the site's challenges, including its proximity to a hillside and significant elevation differences, Taiwan Asset Management's plan incorporates a "partial top-down construction method" for enhanced slope and adjacent building protection. It also proposes "on-site soil balance" to reshape the eastern landscape, minimizing soil export and traffic impact. The architectural design features 13 highlights, including balconies without dark rooms, family-friendly housing types, accessible community pathways, and elevated ground floors to accommodate the slope. The project also aims for Gold Level Green Building and Silver Level Smart Building certifications, along with Net Zero Energy Building standards.

“

Taiwan Asset Management will promote this project with a prudent, professional, and responsible attitude, continuously enhancing the value of urban land utilization, revitalizing the surrounding environment, and creating a safe and livable environment.