Since ratification of the HSR Financial Improvement Plan in 2015, the business development land of five HSR stations have been returned back to MOTC end of last year. These lands are all located in the core essence or gateway of station districts and have absolute advantage of investment opportunities. In order to effectively promote land investment and development in HSR station districts and listen to investors’ suggestions on investment and development of the five station's business development Area to understand the market trends, BOHSR held a “HSR Land Development and Investment Forum” on Jun. 7, 2016. The forum attracted many heavyweight investors from life insurance and real estate to department stores and hotel investors including Cathay Life Insurance, Shin Kong Life Insurance, China Life Insurance, Kindom Construction Corp., Cathay Real Estate, Taikou-kensetsu Construction, Kuo Yang Construction, Ruentex Ltd., Far Eastern Department Store, Mitsukoshi, Taroko Development.
In the forum, Director General Hsiang-Lin Hu pointed out in his speech that the goal of HSR land development and investment should be creating regional integration and sustainable development and he looked forward to the accomplishment this goal with joint efforts of investors in a legal and reasonable mechanism. Amongst the participants’ discussions, General Manager Cheng-Yi Chao of Jones Lang LaSalle, IP, Inc. proposed the economic vision and business opportunities for high-speed rail; President Yu-Shan Ma of Kindom Construction Corp. and Vice President Chiung-Fu Chen of GLORIA HOTEL GROUP shared experience and prospects on their investment in HSR land development; Attorney Frank Kung of Liang & Partners Law Offices raised reasonable land development partnership of public and private equity contractual relations and also shared experience on the matter.
The BOHSR development consultant further illustrated the development conditions, investment incentives and business opportunities of the returned Taoyuan, Hsinchu, Taichung, Chiayi and Tainan business development lands. Moreover, the consultant released a number of investment impetus such as the specifications of future superficies investment cases will move towards the declaration of 1% to 5% of the total land price and that when the increase of government published land value exceeds a certain percentage, an appropriate preferential of rent reduction will be provided. The incentives were reducing concerns of investors, choosing the best investment team be in a Most Advantageous Tender and giving the investors a reasonable tender time-limit.
BOHSR has been continuing to implement pluralistic development methods including setting superficies, joint development, auction, rent and other models to introduce private investment into HSR land development, promote the development of HSR station special districts and enhance local industrial economy and jobs opportunities. As of now, the actions have attracted private investment of more than 37.5 billion NT dollars. We look forward to full integration of station core areas and the surrounding land development which will achieve gradual implementation of HSR economy, creat the overall development of the region and ultimately reach the goal of sustainable development.