China Business News: Shin Kong Life Insurance wins bid for commercial land in Taipei

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Shin Kong Life Insurance wins bid for commercial land in Taipei

Oct. 7, 2009 (China Knowledge) - Shin Kong Life Insurance Co, Taiwan's third-largest life insurer by assets, has won the bid for a piece of commercial land in Zhongzheng District, Taipei, sources reported. Shin Kong will pay NT$5.36 billion for the land lot which covers an area of over 4300 sq m. The price is 3.7 times that of the ask price, representing the fourth highest land price on the islan

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