Taipei Gemini joint development project, on behalf of Taiwan's local team of blue sky computer and macro-convergence group chairman Hsu Kun-Tai yesterday (19) reiterated that with solid management, financial stability of the team, design and planning of the Gemini project is not fancy or tricky, and will not run out of steam, and will be held with a sense of mission of the original heart, hoping to make the case as his life masterpiece.
The Taipei Twin Star Joint Development Project, with a total investment of more than $60 billion and considered a landmark project of the century, has gone through the qualification bid and specification review and entered the final price bid evaluation to decide the winner. However, the two bidding teams have been making big moves this week to publicize their planning blueprints. The bidding process has attracted attention from the outside world for its financial capability. Hsu Kun-Tai emphasized with the sound financial status of his four major groups, namely Blue Sky, Acer, Qunar and Qunar, which have an annual revenue of 130 billion yuan and a market capitalization of at least 210 billion yuan, that their sound financial status and the fact that their roots have remained in Taiwan guarantee that they will not run out of business in the middle of the bidding process.
The Lantian Honghui team plans to invest at least 60.6 billion dollars in the Twin Stars joint development case, previously in the bank to seek financing, came 16, 16 all issued a letter of intent to finance. Estimated total joint development investment of more than $60 billion, including about $15 billion of the government commissioned part of the construction, and about $45 billion invested by the bidder of the joint development investment, which deducted about 60% of the proportion of the bank co-borrowing, the blue sky macro-convergence team's own reserve of about $18 billion, the blue sky computers and macro-convergence group of the current cash level, the funds easily in place no problem.
Xu Kuntai expects that if the bidding process is successful, based on the timeframe of obtaining the building license in one year at the earliest and the construction work proceeding smoothly, the project can be completed in four years at the earliest, i.e., 2023, and at the slowest, it is estimated that the project will take six years, i.e., 2025, to complete. However, he also admitted that bidding for the case "as soon as possible, loss leveling profit" is not the primary goal of the Blue Sky Grand Gateway, Xu Kuntai more than 10 years into the commercial real estate market is the heart of the method of long-term holding, not in a hurry to make a profit, and therefore on the Twin Star case is also holding a "thin profit, more sales", the enthusiasm to return to Taiwan, the earliest possible is expected to be 9 years before the start of the recovery, "the rate of return than the interest rate is good".
Compared to Hong Kong's rivals Nan Hai Holdings and Malaysia's Parkview Group, which planned City One with 40% retail, 47% office and 13% hotel, Xu Kuntai's team designed the blueprint with nearly 64% A-grade and above retail, 23.48% shopping malls and 12.68% star-rated hotels.
Colliers International Managing Director Liu Xuelong analysis, Taipei City, a total of 1.6 million ping of the total volume of commercial office, the vacancy rate of only 7%, a new low in recent years, in the foreseeable next few years, including the top office, the demand for the A office will continue to grow, especially in recent years and will soon be completed in the new commercial office buildings, most of which are for self-use by enterprises or has reached a leasing rate of 90%, coupled with the surrounding area of the Taipei Railway Station, whether it is the transport In addition, the surrounding area of Taipei Station has better advantages than Xinyi District in terms of transportation accessibility, convenience, and pedestrian flow. It is expected that the Gemini case will not only prompt the Western District to gradually return to the center of gravity of the North City, but also become an important gateway to Taiwan.
