Jinghua City Floor Area Ratio Controversy; Councilors Demand Review of Detailed Plan

AI Summary (NQ-processed)

China Petrochemical Corporation announced it would initiate a land disposition strategy for the Jinghua Plaza development, citing delays and unmet expectations, and temporarily shelving the disputed 20% floor area ratio bonus. Taipei City Councilors demanded a review of the detailed plan, arguing that the unresolved 20% bonus, deemed illegal by the Northern District Court, would persist even after land sale. Mayor Chiang Wan-an stated he would act according to court rulings, but councilors criticized the city government's passive stance and urged rejection of a previous agreement with Dingyue.