
Famous ‘Palace’ unit sells for NT$650m after 9 years
After nine long years on the market, Taipei’s most infamous unit in “The Palace” has finally sold! After turning up empty-handed across multiple listing cycles, a buyer has finally stepped forward, paying down NT$650 million in cash for the property. But who has this kind of purchasing power? Let’s find out...
Chen Meng-hsuan
FTV reporter
The iconic “Palace” mansion on Renai Road is home to celebrity host Dee Hsu, along with many other political and business elites. The unit on the 21st floor of Building D, known as the “legendary Palace unit,” has finally found a new owner after nine years on the market.
Formerly the most expensive unit in the complex, the property boasts a huge living room that easily accommodates three sofas with space left over for a grand piano. The dining room has a 10-person table, while in the master suite, the walk-in closet alone is 10 ping. Formed by joining two units and with four parking spaces, the floor area is a massive 316 ping, or 1,045 square meters. It was finally sold to a private individual from Hualien surnamed Hsieh for NT$650 million.
Huang Shu-wei
Real-estate expert
The orientation is excellent, right at the center. Both the layout and finishes are top-of-the-line. But since luxury home mortgages in Taiwan are capped at 30% financing, any prospective buyer would need a lot of leverage, so the turnover for this property was low compared to the broader market.
Even though it closed for NT$120 million less than the previous owner, it’s still a premium over other luxury properties. The latest filings show that this 20-year-old unit, which underwent extensive renovations by the previous owner, socialite Lu Sheng-wen, officially transferred ownership in May. And the buyer didn’t take out a mortgage, choosing instead to pay in cash.
Huang Shu-wei
Real-estate expert
The individuals who buy luxury properties are either planning to live there, or are diversifying their assets. Therefore, they have strong pools of liquid capital and don’t have much need for a loan.
After going on the market many times over the past decade, the unit has finally found a new owner. But since the closing price was revised downward, its cost has slipped from a high of NT$2.9 million per ping, to NT$2.2 million, proving that “The Palace” isn’t what it used to be.
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2026-06-15