Core Pacific City's 20% Floor Area Bonus to be Revoked; CPC Corp Says Sale Resolution Unaffected
Following a court ruling that the 20% floor area bonus for the Core Pacific City project is illegal, Taipei City plans to revoke it. Parent company CPC Corp stated that this will not affect the resolution to sell the land.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 14:50
- 🔍 Collected: May 22, 2026 at 15:01 (11 min after Published)
- 🤖 AI Analyzed: May 31, 2026 at 21:22 (222h 20m after Collected)
The Taipei District Court ruled that the 20% floor area bonus for the Core Pacific City project is illegal. Taipei Mayor Chiang Wan-an stated today that the city's investigation team has recommended revocation, and a formal notice will be sent to Dingyue today. Dingyue's parent company, CPC Corp, stated that it has not yet received the official document from the city but will consult with lawyers upon receipt, prioritizing the protection of company and shareholder interests. CPC Corp's shareholders' meeting today authorized the board to sell the Core Pacific Plaza land. CPC Corp emphasized that the reported revocation of the 20% bonus will not affect the land sale resolution. General Manager Chen Ying-jun previously explained that the 728% floor area ratio is based on the original 560% plus a 30% transfer, excluding the disputed 20%. The proceeds from the sale will be used to replenish operating funds and repay bank loans.
FAQ
What is the Core Pacific City case?
A controversy regarding illegal floor area ratio bonuses in a Taipei redevelopment project.