Taichung land values to increase 1.48% REPORT: The land values for the city’s 29 administrative districts would be mostly flat or slightly raised next year, except for Beitun District, which would see an increase of 7.12% By Chen Cheng-hui / Staff reporter Government-assessed land values in Taichung would increase annually by an average of 1.48 percent next year, with the value of Shin Kong Mitsukoshi Department Store’s (新光三越百貨) in Xitun District (西屯) remaining the highest in the city for the 15th consecutive year, the Taichung Land Administration Bureau said. The land value of Shin Kong Mitsukoshi’s Zhonggang (中港) outlet would rise to NT$665,000 (US$23,342) per square meter, or NT$2.2 million per ping (3.3m2), up 0.92 percent from NT$2.18 million per ping this year, the bureau said in a statement on Friday.