TCC Group Holdings Achieves NT$12.4 Billion in Investment Property Value, Prioritizes Land Revitalization in Taipei, Hsinchu, and Kaohsiung

In March 2024, TCC Group Holdings officially established TCC Asset Management & Development Corporation to actively revitalize its land assets. At the investor conference, President of TCC, Roman Cheng, stated that the book value of TCC's land assets totals NT$60.2 billion, with investment properties valued at NT$12.4 billion. The total announced current value is NT$23.5 billion, and the total land area is 1.39 million square meters. TCC is currently focusing on three major land development projects: the Taipei Xinyi Land Development Project, the Hsinchu Zhudong Land Development Project, and the Kaohsiung Gushan Land Development Project.

President of TCC, Roman Cheng pointed out that the Taipei Xinyi Land Development Project is located in the core area of Xinyi District. The project perfectly combines modern architectural aesthetics with natural landscapes, offering a new perspective on the connection between urban development and nature. In the bustling city, it aims to create a shared green space that integrates nature into the urban fabric. TCC invites like-minded partners to participate in this beautiful practice of urban sustainability, working together to shape a green landmark in Taipei and let the dream of sustainability flourish in the city. Cheng also mentioned that TCC will establish an "Urban Oasis" in Taipei's Xinyi District, incorporating low-carbon cement materials, ultra-high-performance concrete (UHPC), solar panels, RE100 standards, and the EnergyArk solar charging and storage system. The Taipei Xinyi Land Development Project plans to apply for an all-electric building design that meets EEWH Diamond certification, achieve LEED v4 Platinum certification with comprehensive sustainable design thinking, meet WELL v2 Platinum sustainability certification, and obtain ILFI Zero Carbon certification to achieve zero carbon readiness.

For the Hsinchu Zhudong Land Development Project, the first phase has sold an area of approximately 6,508.83 ping square at NT$505,000 per ping (1 ping = 3.305 square meters), with a total transaction amount of about NT$3.287 billion and a net profit of NT$2.614 billion, which is expected to be recognized by the end of this year, contributing to profit performance. Additionally, there are 22,922 ping of other land in Zhudong, and future revitalization plans will be promoted based on market demand and regional development. This will ensure the value of the land while promoting local economic development and creating higher benefits for the company. TCC is currently actively seeking partners for collaboration. The short-term plan for the Kaohsiung Gushan Land Development Project includes the renovation of Shoushan Park, ecological restoration, cultural preservation, and lending land to the Kaohsiung City Government for the planning of public parking lots, hiking trails, and detention basins. The long-term plan is for the development of Gushan, with a total development area of approximately 100,000 ping. The goal is to create a model community that coexists with nature, achieving a win-win situation for ecological conservation and economic development.