Formosa Plastics buildings are more corporate relocation

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Business Times Liu Zhusong 2022.08.29

The picture shows the headquarters building of Formosa Plastics Group on Dunhua North Road, Formosa Plastics Building. Photo/Photo of this newspaper

The Formosa Plastics Building is scheduled to start on May 16, 2025, and will be completed on May 15, 2029 to obtain the license, and the current enterprises include Formosa Plastics, Taihua, Nanya, Fumao, Daxin Industry in the central part of the country, Jianshang Company under Jianda, and Quanxing Industry and other 57 companies or owners.

The top 10 enterprises or units with a land right-to-value ratio before the renewal were Formosa Plastics (18.97%), Taihua and South Asia (18.36%), Foreign Trade Association (7.71%), Gaolin Industrial (3.75%), Fumao Industrial (2.86%), Taipei Fubon Bank (2.55%), Public Bank (merged into Yuanta Bank) (2.44%), Daxin (2.36%), and East Asia Transportation & Warehousing (2.15%).
Among them, Formosa Plastics has become the owner of the largest land rights value in the Tokyo Metropolitan Change Case, and Taiwan Plastics and South Asia are tied for second place.
The Formosa Plastics Building was renovated to include 2 office towers and 3 residential buildings. Among them, the south office building was all acquired by Formosa Plastics and other affiliated enterprises; In the office building of the north building, Daxin acquired the entire floor of the 17th floor, Jianping 1,081 pyeong, and the 9th floor Jianpyeong 349 pyeong, totaling 1,430 pyeong, which is higher than the 893.66 pyeong of Daxin’s office in the previous city.
Because Daxin participated in the change of the Formosa Plastics Building in Taipei City, Daxin will start looking for an office next year. Wu Zicong, chairman of Daxin, said that Daxin’s Taipei office evaluated the purchase and lease of an office with a 400-square-meter building. It is understood that after the completion of the Formosa Plastics Building, Daxin can allocate 1,430 square meters of construction in the new Formosa Plastics Building, with about 1.3 million yuan per square meter.
Yang Qiren, chairman of the board of directors of the University of Bondage, said that the company is currently on the 11th floor of the back building of the Formosa Plastics Building, holding an office of 300 square meters, and is expected to move next year, the company must find its own alternative office, and after the completion of the Formosa Plastics Building in the future, the company can get about 460 square meters of offices and 4 parking spaces.

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