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Taiwan Asset Management Corporation's First Public Urban Renewal Project 'Wenshan Jing' Signed

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Taiwan Asset Management Corporation's first public urban renewal project 'Wenshan Jing' was signed on the 13th. The project is expected to invest NT$750 million, featuring a purely residential building with 14 floors above ground and 2 floors underground, with total floor area of about 1,700 ping, scheduled for completion in 2033 at the earliest, and expected to create asset value exceeding NT$1.4 billion.

Cross-City Public Urban Renewal Signed and Officially Launched

New Taipei City's first cross-city public urban renewal project located in Taipei City, 'Wenshan Jing,' held its signing ceremony on the 13th. Taiwan Asset Management Corporation Chairperson Gong Wen-ping and New Taipei City Residential and Urban Renewal Center Acting Executive Director Lin Shih-sen signed the urban renewal funding contract on behalf of both parties, announcing the official launch of the project. The project is Taiwan Asset Management Corporation's first public urban renewal showcase, with an estimated investment of NT$750 million. It plans a purely residential complex with 14 floors above ground and 2 floors underground, with total floor area of about 1,700 ping, scheduled for completion in 2033 at the earliest, and expected to create asset value of more than NT$1.4 billion.

377-Ping Site Connecting MRT and Green Living Circle

The site is located in the street block enclosed by Wansheng Street, Lane 166 of Wansheng Street in Wenshan District, Taipei City, and Wenshan Forest Park, with a site area of about 377 ping. The site connects to the Roosevelt Road MRT axis, linking the Gongguan, Xindian and Muzha living circles, with convenient transportation and mature surrounding amenities. Nearby schools include Wugong Elementary School and Minzu Experimental Junior High School. It is adjacent to Wenshan Forest Park on the east and south sides, and near Jingmei Sports Park, combining residential development potential with greenery living advantages. Gong Wen-ping said the team will focus on people-oriented, ecological and sustainable principles to revitalize idle land and aging buildings and enhance land use value and residential safety.

Semi Top-Down Construction Method Adopted, Targeting Dual Certifications

In response to the adjacent natural environment and hillside conditions, the project plans for the entire building to obtain Gold-level Green Building and Silver-level Smart Building dual certifications, and will incorporate Building Energy Efficiency Assessment Level 1+, pastoral green roofs, barrier-free environments, low-impact development, Level 2 Low-Carbon Building Label, ecological detention and rainwater storage and flood detention designs. For construction, given the nearby hillside, a semi top-down construction method will be adopted to control the soil mass and water-cutoff walls on the hillside side, ensuring structural and neighboring building safety, along with terraced retaining and on-site earthwork balance designs to reduce carbon emissions and traffic impacts from off-site soil hauling, plus BIM and construction safety monitoring mechanisms.

Rental Management for Relocation Provided, Further Investment Promotion to Follow

Follow-up work will coordinate with the New Taipei City Residential and Urban Renewal Center for public hearings, unit selection, plan submission, demolition and relocation, construction and rights-transformation allocation operations. Taiwan Asset Management Corporation said it will provide existing residents with its own housing units and subleased rental housing for relocation, ensuring safe and stable housing during the transition period. Gong Wen-ping emphasized that in the future the company will continue to participate in public urban renewal investment projects through public-private collaboration to improve living environments and building safety, revitalize large-scale public land, and implement the policy goal of state-owned institutions participating in urban regeneration.

FAQ

What is the scale of the 'Wenshan Jing' public urban renewal project?

The project is expected to invest NT$750 million, with a site area of about 377 ping. It plans a purely residential complex with 14 floors above ground and 2 floors underground, with total floor area of about 1,700 ping, scheduled for completion in 2033 at the earliest, and expected to create asset value exceeding NT$1.4 billion.

What are the locational advantages of the 'Wenshan Jing' site?

The site is in the street block enclosed by Wansheng Street, Lane 166 of Wansheng Street in Wenshan District, Taipei City, and Wenshan Forest Park. It connects to the Roosevelt Road MRT axis, linking the Gongguan, Xindian and Muzha living circles, and is near Wugong Elementary School, Minzu Experimental Junior High School, Wenshan Forest Park and Jingmei Sports Park.

How does the project address hillside and sustainability needs?

The project plans to obtain Gold-level Green Building and Silver-level Smart Building certifications, incorporating Building Energy Efficiency Assessment Level 1+ and Level 2 Low-Carbon Building Label designs, and adopts a semi top-down construction method with terraced retaining and on-site earthwork balance, balancing slope, structural, drainage and neighboring building safety.