2013-10-03

Taroko (1432) is optimistic about the double benefits of the signing of cross-strait service trade and the real estate ban lifting policy of the Financial Regulatory Commission, and enters the commercial office market with a professional commercial real estate development and management team, and is about to launch the first phase of the NT$ 800 million cash capital increase project to assist commercial real estate operation; The signing of the cross-strait service trade agreement will have many favorable policies, more mainland service companies will set up in Taiwan, and after the FSC’s ban on real estate investment is lifted, life insurance companies have returned to the real estate market with abundant funds, which will help increase the investment demand for commercial real estate.
Seeing the gradual improvement of the general environment and the opening of government policies and other favorable conditions, Taroko (1432) transformed the layout of commercial real estate, a few days ago, Taroko (1432) through a cash capital increase of NT$ 800 million B, in addition to the first case of Caoya Road development in Asia, will be used for Taroko (1432) and partners are negotiating cooperation in shopping mall business planning and land development project capital needs.
With the signing of the cross-strait service trade agreement, it is expected that more mainland securities companies, insurance companies, medical care, tourism and other service providers will set up in Taiwan in the future, which will help improve the growth momentum of Taiwan’s commercial real estate market. In addition, the huge number of tourists from mainland China traveling to Taiwan has brought positive benefits to commercial offices and hotels.
Recently, the FSC has relaxed the restrictions on the insurance industry’s investment in commercial real estate, attracting a huge amount of capital from the life insurance industry, injecting a large amount of living water into the commercial real estate market, greatly increasing investment demand, and promising future growth prospects. However, considering the long-term stable return, the investment and operation of commercial real estate need to be equally important, but with the current situation in Taiwan, there are very few professional real estate management teams in the market, and this will be the first challenge faced by life insurance companies in the commercial real estate market, and it is also one of the factors that Taroko focuses on developing commercial real estate operations.
Da Luge (1432) first started as a textile business, and in recent years has actively transformed into a commercial real estate development and operation industry. In view of professional corporate governance and transformation, Daluge (1432) hired professional outside directors to strengthen corporate governance, and appointed Cai Mingzhang, chairman of the Republic of China Shopping Center, and Guo Darui, general manager of Front Office Mao, as the responsible supervisors of real estate development and operation; In addition, due to the company’s business expansion needs, Taroko (1432) moved to a new commercial office building in Neihu, which was three times larger than the original area, to meet the manpower needs required for the company’s transformation of new business volume.
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