Trump eyes Xinyi District for luxury home projects

[tr]

Trump eyes Xinyi District for luxury home projects

LOOKING TO RENT: By Joyce Huang
STAFF REPORTER
Saturday, Feb 23, 2008, Page 12

Taipei's simmering property market is attracting foreign attention, with US real-estate tycoon Donald Trump looking to enter the market.

Trump has contracted with a local real-estate service provider to look for land in Taipei for his luxury home projects, the realtor confirmed yesterday.

Speaking on condition of anonymity, the realtor said that "Trump expressed interest a few months ago and is hoping to locate a viable parcel of land as soon as possible."

The most likely spot for his top-tier housing project, which may be worth more than US$1 billion, is Taipei City's Xinyi District (信義), where land prices average NT$4 million per ping, the company said.

As "Mr Trump would like to stay low-key before everything matures," the realtor declined to elaborate.

The planned luxury homes will target multinational executives and top business leaders, it said.