Outstanding revenue, King's Town Construction hits a new high

Kaohsiung developer King's Town Construction reported self-settled revenue of NT$4.784 billion for 2013; with major projects injected in 2014, the sellable amount reached NT$14 billion; King's Town decided to separately invite British and Japanese master architects to plan and design landmark residences in the Kaohsiung Museum of Fine Arts area.

King's Town's full-year 2013 revenue was NT$4,784.45 million, a record high. The main contributing projects were "Four Seasons," "Flower Appreciation," "Lake Cube," "Dome," and "Mandala," accounting for 89% of revenue.

In 2014, King's Town will complete 2 projects, including "Water Forest" next to Kaohsiung Metropolitan Park, with total sales of NT$2 billion, and the "Ju Dan" project next to Kaohsiung Hanshin Arena, with total sales of NT$5.6 billion; adding King's Town's current remaining sellable inventory of NT$6.4 billion, the sellable amount in 2014 is NT$14 billion.

In addition, in April 2013 King's Town Construction won a prime plot facing the first row of the Museum of Fine Arts from the Kaohsiung City Government with a bid of NT$3.06 million per ping, with a land area of 2,947.6 ping. King's Town announced a signed cooperation with British architect Norman Robert Foster for planning and design, expected to design a building 60 stories high, which will be the tallest residential tower at the Museum of Fine Arts in the future.

For another 4,836.35 ping plot of land in the Kaohsiung Museum of Fine Arts special district that King's Town acquired from Kao Hsing Chang in June 2013 at NT$1.08 million per ping, the architectural design and planning is by Japanese master architect Tadao Ando, and the contract has also been completed.