TCC Invests NT$26.8 Billion in Xinyi District Project, Aims for TOD Bonus and Year-End Groundbreaking
Taiwan Cement (TCC) announced a NT$26.8 billion investment in a land development project in Taipei's Xinyi Planning District, aiming to build three corporate headquarters buildings. Chairman Nelson Chang stated that they are seeking a TOD (Transit-Oriented Development) floor area ratio bonus and targeting groundbreaking by the end of this year. TCC is also proceeding with large-scale development plans in Kaohsiung and international low-carbon initiatives.
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- 📰 Published: May 2, 2026 at 21:26
- 🔍 Collected: May 2, 2026 at 21:31 (5 min after Published)
- 🤖 AI Analyzed: May 2, 2026 at 22:04 (32 min after Collected)
Taipei, May 2nd (CNA) – Taiwan Cement (TCC) has initiated an asset revitalization plan. In April this year, its board of directors approved a NT$26.8 billion investment to develop land in Taipei's Xinyi Planning District. TCC Chairman Nelson Chang stated today that this project has been planned for over three years, and they are currently applying for building permits and seeking a Transit-Oriented Development (TOD) floor area ratio bonus, with a target groundbreaking by the end of this year.
TCC held its 80th-anniversary celebration today. In addition to Chairman Chang An-ping himself, attendees included Fubon Group Chairman Richard Tsai, Taishin-Shin Kong Financial Holding Co. Chairman Thomas Wu, Acer Group founder Stan Shih, San San Association Chairman Lin Por-feng, as well as envoys from Turkey, Canada, and the UK stationed in Taiwan.
TCC recently announced the launch of its asset revitalization plan. In April this year, the board of directors approved the budget for the land development project on Keelung Road, Yixian Section, in Taipei's Xinyi Planning District, with an estimated investment of NT$26.8 billion. The plan is to construct three corporate headquarters buildings, one for TCC's own use, and the other two for lease or sale, with completion slated for 2031.
After the event today, Nelson Chang stated in an interview that TCC is currently applying for building permits from the Taipei City Government and planning to seek a TOD (Transit-Oriented Development) floor area ratio bonus. The goal is to start construction by the end of this year, pending approval of urban planning and related reviews.
He mentioned that the Xinyi District asset revitalization plan has been in the works for over three years, and the design is more complex than imagined, requiring consideration for air circulation, strong wind protection during typhoons, and the configuration of cooling systems and energy storage equipment.
Regarding the even larger Kaohsiung asset development, Nelson Chang said that preliminary ideas exist, but more time is needed for more detailed planning.
While promoting asset revitalization, TCC is also deploying international low-carbon development. TCC pointed out that it has launched flagship flooring products in Taiwan, targeting the urgent demand for high-specification flooring in tech factories and offices amidst the semiconductor expansion wave and the peak of AI computing center construction.
In terms of international deployment, Nelson Chang said that last week, TCC's Turkish subsidiary, OYAK Cement, signed an agreement with the local government of Hatay Province, severely affected by the 2023 earthquake. The province will allocate approximately 5,000 square meters of land, where TCC will utilize 3D printing and recycled construction waste to build 21 "smart green" residential units with low-carbon footprints, self-sufficient in power and water. This initiative aims to assist post-disaster reconstruction and digital transformation of social life in the area and has been selected as one of the key green projects for the COP31 Climate Summit.
TCC stated that 20 of these units are 1+1 layout apartments, and one unit, due to its special location, is planned as a library to support local social interaction and educational functions. Upon completion, these residences will be handed over to the Hatay Provincial Government for the resettlement of affected families, demonstrating TCC's capacity to participate in international sustainability issues with low-carbon technology. (Editor: Yang Lan-xuan) 1150502
TCC held its 80th-anniversary celebration today. In addition to Chairman Chang An-ping himself, attendees included Fubon Group Chairman Richard Tsai, Taishin-Shin Kong Financial Holding Co. Chairman Thomas Wu, Acer Group founder Stan Shih, San San Association Chairman Lin Por-feng, as well as envoys from Turkey, Canada, and the UK stationed in Taiwan.
TCC recently announced the launch of its asset revitalization plan. In April this year, the board of directors approved the budget for the land development project on Keelung Road, Yixian Section, in Taipei's Xinyi Planning District, with an estimated investment of NT$26.8 billion. The plan is to construct three corporate headquarters buildings, one for TCC's own use, and the other two for lease or sale, with completion slated for 2031.
After the event today, Nelson Chang stated in an interview that TCC is currently applying for building permits from the Taipei City Government and planning to seek a TOD (Transit-Oriented Development) floor area ratio bonus. The goal is to start construction by the end of this year, pending approval of urban planning and related reviews.
He mentioned that the Xinyi District asset revitalization plan has been in the works for over three years, and the design is more complex than imagined, requiring consideration for air circulation, strong wind protection during typhoons, and the configuration of cooling systems and energy storage equipment.
Regarding the even larger Kaohsiung asset development, Nelson Chang said that preliminary ideas exist, but more time is needed for more detailed planning.
While promoting asset revitalization, TCC is also deploying international low-carbon development. TCC pointed out that it has launched flagship flooring products in Taiwan, targeting the urgent demand for high-specification flooring in tech factories and offices amidst the semiconductor expansion wave and the peak of AI computing center construction.
In terms of international deployment, Nelson Chang said that last week, TCC's Turkish subsidiary, OYAK Cement, signed an agreement with the local government of Hatay Province, severely affected by the 2023 earthquake. The province will allocate approximately 5,000 square meters of land, where TCC will utilize 3D printing and recycled construction waste to build 21 "smart green" residential units with low-carbon footprints, self-sufficient in power and water. This initiative aims to assist post-disaster reconstruction and digital transformation of social life in the area and has been selected as one of the key green projects for the COP31 Climate Summit.
TCC stated that 20 of these units are 1+1 layout apartments, and one unit, due to its special location, is planned as a library to support local social interaction and educational functions. Upon completion, these residences will be handed over to the Hatay Provincial Government for the resettlement of affected families, demonstrating TCC's capacity to participate in international sustainability issues with low-carbon technology. (Editor: Yang Lan-xuan) 1150502