Rih Sheng Construction Signs NT$3.394 Billion Syndicated Loan, Guanqian Urban Renewal Project to Start in 2028
Rih Sheng Construction announced the completion of a NT$3.394 billion syndicated loan agreement. The funds will be invested in the "Urban Renewal Project" located at the intersection of Guanqian Road and Xinyang Street in Taipei, covering an area of approximately 608 ping. Construction is expected to begin in early 2028 to build a Class A office building. Taiwan Business Bank led the syndicated loan, with multiple banks participating, and the oversubscription rate reached 126%.
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- 📰 Published: April 13, 2026 at 17:24
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Central News
(Central News Agency Reporter Ho Hsiu-ling Taipei 13th News) Rih Sheng Construction announced the completion of a syndicated loan agreement totaling NT$3.394 billion. The funds will be invested in the "Urban Renewal Project" in Guanqian, located at the intersection of Guanqian Road and Xinyang Street in Taipei, with a base area of approximately 608 ping. Construction is expected to begin in early 2028 to build a Class A office building.
This syndicated loan was led by Taiwan Business Bank, with First Commercial Bank, Chang Hwa Bank, Agricultural Bank, Rakuten Commercial Bank, and Hua Tai Commercial Bank jointly participating, and the oversubscription rate reached 126%.
Rih Sheng Construction stated today through a press release that this project has achieved 100% integration. The original owners included Cathay United Bank, CPC Corporation, Taiwan, and Tang Eng Iron Works. The project will adopt comprehensive reconstruction and be promoted through rights transformation. As multinational enterprises and large institutions continue to increase their demand for high-specification office spaces, a Class A smart green building office building will be built in the future, and green building labels and low-carbon building certifications will be obtained. The east side of the building will be set back by more than 2 meters and configured with green landscaping.
Rih Sheng Construction stated that its core strategy in recent years has shifted from "individual project development" to "urban core node management," connecting the north, central, and south axes of Taiwan through TOD (Transit-Oriented Development) strategies, including urban renewal in Taipei, MRT joint development in Taichung, and MRT industrial urban renewal projects in Kaohsiung.
Rih Sheng Construction pointed out that it has been deeply involved in urban renewal and TOD in the northern region for many years, targeting commercial core areas such as Taipei Main Station, and enhancing asset value and leasing competitiveness through high-intensity development and product upgrades. In the central and southern regions, it has followed the trend of population and industrial migration southward, investing in the rail economy in advance to lay out long-term growth momentum. (Editor: Chang Liang-chih) 1150413
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(Central News Agency Reporter Ho Hsiu-ling Taipei 13th News) Rih Sheng Construction announced the completion of a syndicated loan agreement totaling NT$3.394 billion. The funds will be invested in the "Urban Renewal Project" in Guanqian, located at the intersection of Guanqian Road and Xinyang Street in Taipei, with a base area of approximately 608 ping. Construction is expected to begin in early 2028 to build a Class A office building.
This syndicated loan was led by Taiwan Business Bank, with First Commercial Bank, Chang Hwa Bank, Agricultural Bank, Rakuten Commercial Bank, and Hua Tai Commercial Bank jointly participating, and the oversubscription rate reached 126%.
Rih Sheng Construction stated today through a press release that this project has achieved 100% integration. The original owners included Cathay United Bank, CPC Corporation, Taiwan, and Tang Eng Iron Works. The project will adopt comprehensive reconstruction and be promoted through rights transformation. As multinational enterprises and large institutions continue to increase their demand for high-specification office spaces, a Class A smart green building office building will be built in the future, and green building labels and low-carbon building certifications will be obtained. The east side of the building will be set back by more than 2 meters and configured with green landscaping.
Rih Sheng Construction stated that its core strategy in recent years has shifted from "individual project development" to "urban core node management," connecting the north, central, and south axes of Taiwan through TOD (Transit-Oriented Development) strategies, including urban renewal in Taipei, MRT joint development in Taichung, and MRT industrial urban renewal projects in Kaohsiung.
Rih Sheng Construction pointed out that it has been deeply involved in urban renewal and TOD in the northern region for many years, targeting commercial core areas such as Taipei Main Station, and enhancing asset value and leasing competitiveness through high-intensity development and product upgrades. In the central and southern regions, it has followed the trend of population and industrial migration southward, investing in the rail economy in advance to lay out long-term growth momentum. (Editor: Chang Liang-chih) 1150413
Choose to stand with the facts, every sponsorship you make is a force to protect press freedom
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The text, pictures and audio-visuals of this website may not be reproduced, publicly broadcast or publicly transmitted and used without authorization.