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Record price anticipated in Taipei’s new commercial property sale

Real estate advisor DTZ on Wednesday announced the auction of a whole office building on Zhongxiao East Road, one of the most affluent areas of Taipei, at a base price of TWD1.97 million (USD67,201) per ping (3.3 square metres). The winning bid may break previous records in commercial real estate sales, said DTZ Taiwan General Manager Yen Ping-li.