Ex-finance guru to buy luxury home: report
The China Post news staffTAIPEI, Taiwan -- Yeh Chih-yung, a former financial guru who left the island after being accused of a conflict of interest, has returned and purchased a luxury apartment unit for NT$2.4 million a ping, reported the United Evening News reported yesterday.
January 16, 2013, 11:59 am TWN
The report came as the real-value home registration website showed the sale of a downtown Taipei luxury apartment unit at a total price of NT$255.6 million, or NT$2.4 million a ping (3.3 square meters), the first confirmed case of a property sale with unit price exceeding NT$2 million.
The property in question is inside the Renai Premium, located on Section Three of Renai Road. The apartment unit has total area of 140.9 pings. While the mansion is not well-known, its location is considered by many to be excellent: on the side of the tree-studded, majestic Renai Road and in close proximity to the Daan Forest Park.
The sale had real estate circles second-guessing the real identity of the buyer, which appeared on the website as “Chengyi Investment.” According to the paper, investigations into the matter found that Chengyi is headed by Yeh Chih-yung, former chairman of Capital Investment Trust Corp. and one of the most influential magnates in 1990s fund management circles.
According to the paper, Yeh was involved in a conflict of interest case in 1997 in which his mother was found to have investments in the funds that he managed. While prosecutors later dropped the charges, Yeh resigned from his job and left Taiwan.