Sunday, August 26, 2012

A Real Estate Story

The Temple and the Church Service Building are on one-half acre located in an important business district of Taipei; just a few blocks from the Chiang Kai-Shek Memorial, the National Museum  and Concert Hall. Now; for the real estate story, how did the Church obtain such valuable property? 
Elder Gordon B. Hinckley visited Taiwan in April, 1961.  Among other reasons for the visit, he was looking for property near the center of Taipei for future church building.  Under his direction, land was finally acquired in Taipei in 1962.  The land for the first Chapel and subsequently the Taipei Temple at 183 Chin Hua Street was acquired very miraculously.  One day in 1961, a Chinese cook working for the missionaries came home with some fish wrapped in that day's newspaper.  The fish cost 10 NT(33 cents US) and has resulted in over $100,000,000 US in unrealized land appreciation.  After taking the fish out of the newspaper, he saw a government advertisement for the sale of a former prison close to the center of Taipei City.  The government was dissatisfied with the location of the prison and had decided to move the prison to a remote suburb and sell the property.  The cook knew the church was looking for church property in that area and informed the missionaries of the advertisement.  Hearing the news, the missionaries reported this information to the Mission Home in Hong Kong.  President Taylor, the current Mission President came to Taipei and he bid twice for the property, and in 1962 the church purchased the property.  

         

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