Aishanlin Selected as Preferred Applicant for Xindian Xi Public-Led Urban Renewal Project, Expected to Invest NT$6,600 million

Aishanlin Construction Development Co., Ltd. (stock code 2540) announced on November 6 that it had obtained preferred applicant status for the "Xindian Xi" public-led urban renewal project. The project went through two rounds of investor solicitation, and the comprehensive evaluation of investors was completed on October 28.

The official name of "Xindian Xi" is the "Urban Renewal Project for 67 Parcels Including Lot 1028, Zhonghua Section, Xindian District." It is promoted by the New Taipei City Housing and Urban Regeneration Center (New Taipei Housing Center), and the site is located at the intersection of Zhonghua Road and Sanmin Road in Xindian District.

The New Taipei Housing Center began preliminary assessment in ROC year 111 and obtained the approval of the New Taipei City Government in ROC year 112, taking the lead on this public-led urban renewal. Households representing more than 80% have now expressed willingness to participate, and the total sales value after renewal is estimated at about NT$13,300 million.

The New Taipei Housing Center said the site was designated as a renewal area back in ROC year 94 because of its dense cluster of old buildings and narrow alleys, which raised concerns about firefighting and disaster rescue as well as living safety.

The New Taipei Housing Center said the design will incorporate low-carbon buildings and smart buildings, with a green building target of Gold level, and will also obtain an earthquake-resistant building label and create a barrier-free environment. The site is surrounded by IKEA, Yulon City and the Bitan waterfront, and is close to Xindian District Office Station and Xiaobitan Station on the MRT.