TAICHUNG (TVBS News) — The Central Taiwan Science Park (CTSP, 中科管理局) provided updates on Wednesday (Sept. 11) on the Taichung Phase II expansion project, aiming to complete acquisitions by the end of 2024 and transfer the land to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) in the first quarter of 2025.
CTSP Director-General Hsu Maw-shin (許茂新) reported earlier that day that they had agreed to purchase 95% of the land needed.
The Phase II expansion spans 89 hectares, with the Taichung Golf and Country Club (興農高爾夫球場) occupying 67 hectares, a military shooting range covering 12 hectares, and private land making up 10 hectares.
The budget for land acquisitions stands at approximately NT$23.7 billion. Currently, 70% of the 111 landowners have agreed to sell, covering 95% of the total area. CTSP continues to negotiate with the remaining 28 landowners who control 3.6 hectares, or 5% of the land.
Officials plan to submit a compulsory acquisition proposal in early October. However, they remain hopeful that further negotiations can yield agreements before the Ministry of the Interior (MOI, 內政部) approves the plan.
As the expansion has entered its final stretch, Hsu emphasized that the purchase price exceeds market value and includes a 3% bonus, making it more favorable than compulsory acquisition terms.