Super luxury residence Tao Zhu Yin Yuan 17th Floor sold for 1.11 billion yuan, a decrease of 90 million yuan from the original price. The buyer is a foreign woman with a residence permit, and the entire amount was paid in cash.
Taiwan’s most watched super luxury residence, Tao Zhu Yin Yuan located in the Xinyi Planning District, has once again stirred attention with its real price registration. China Construction announced in early October the disposition of the 17th-floor unit, originally sold for 1.2 billion yuan. However, in the latest announcement in November, influenced by market opinion and external news environment, the total price was significantly reduced by 90 million yuan, finally selling for 1.11 billion yuan. Notably, the buyer’s identity, revealed through land registry records, appears to be a foreign woman with impressive credentials.
The transaction was originally set at 1.2 billion yuan, including about 300 ping of space and 4 parking spaces, with a unit price approaching 4 million yuan per ping. However, China Construction issued a correction notice on November 13, lowering the transaction price to 1.11 billion yuan. China Construction admitted that the reason for the price adjustment was: “Due to recent news reports, the client requested to negotiate the price again.” Market speculation suggests this may be related to recent news about changes in developer equity and the overall slow absorption rate of luxury homes, giving the buyer room to negotiate.
The public’s biggest concern is: who is the mysterious first resident of Tao Zhu Yin Yuan? Rumors once suggested it was the buddy Huang Licheng, but he has jokingly denied it.
Further reading:
Tao Zhu Yin Yuan buyer sparks discussion! Rumors say it’s the buddy Huang Licheng, who personally responded: bought a 30-turn building
Domestic media, upon reviewing land registry records, found the registered name to be a woman with the surname Wu. Although the buyer chose to hide the unified business number and address, the registered ID type shows it is a residence permit number, not a Taiwan ID number, leading to the inference that the buyer is likely a foreign national. The registry data indicates that the unit “has no mortgage,” meaning the 1.11 billion yuan property payment was most likely paid entirely in cash, with no loan involved, demonstrating the buyer’s formidable financial strength.