Taiwan News
Date: 2016-08-28
By: George Liao, Taiwan News, Staff Writer
The historic Taipei Post Office located close to the North Gate will become an attention getter for an 
The Taipei City Government has planned to turn Taipei Post Office, which is listed as a grade three historic site, into a draw of a urban renewal project, which is estimated to need an investment of between NT$27 billion (US$850 million) and NT$30 billion. Recruitment of investment for the project, which is scheduled to complete in 2020, will begin next year, according to the plan.
Chunghwa Post Co. said after the urban renewal is completed, two new high-rises of 50 stories and 30 stories, respectively, will be erected behind the existing historic building, the structure of which will be kept intact. The company estimated the benefit to be created from the project at two to three times of the investment value at the least. [FULL STORY]