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🇹🇼 Taiwan /Economy & Trade

Daan District sees 800,000 NT dollar prices! Taipei, New Taipei City public urban renewal map revealed; this district is 20% cheaper

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

News Documents & data Context piece
  • Publicly funded urban renewal projects in Taipei and New Taipei City show significant price differences compared to their administrative districts.
  • An urban renewal project in Taipei's Daan District offers prices nearly 20% lower than the district's average, with an average price of 879,000 NT dollars per ping.
  • Projects in Datong District near Yuanshan Station also offer prices about 10% lower than the district average, making them attractive for first-time buyers.

Publicly funded urban renewal projects in Taipei and New Taipei City present a mixed bag of affordability, with some offering significant savings compared to their surrounding administrative districts. Data reveals that while some areas see prices rise due to renewal efforts, others provide a more accessible entry point into the city's housing market.

Daan District's Jiaxing Street urban renewal project's surrounding property prices are 17.2% lower than the administrative district's average.

— National Land and Housing Service CenterPresenting data on price differentials in urban renewal areas.

In Taipei's Daan District, a specific urban renewal project on Jiaxing Street has seen its surrounding property prices average 879,000 NT dollars per ping over the past year. This figure is nearly 20% lower than the district's overall average of 1.061 million NT dollars. Real estate analysts attribute this price gap to the area retaining more older housing stock and traditional streetscapes, despite Daan District's overall appeal with top schools and amenities.

Daan District's Jiaxing Street still retains more old residential buildings and traditional streetscapes, making the base price of the area relatively low, thus forming a significant price difference.

— Chen JinpingExplaining the reasons for the price gap in Daan District.

Similarly, an urban renewal project near Yuanshan Station in Datong District offers prices around 684,000 NT dollars per ping, about 10% below the district's average. While parts of Datong have seen price increases due to development projects, this area remains more affordable due to a prevalence of older residential buildings. This makes it a cost-effective option for those seeking a Taipei address.

Datong District's Yuanshan Station west side public urban renewal project's surrounding average price is 684,000 NT dollars per ping, nearly 10% lower than the administrative district's average.

— Chen JinpingDetailing the affordability of the Datong District project.

Conversely, two other urban renewal projects, one in Xinyi District near the Children's Welfare Center and another in Zhonghe near the Second Special Police Corps, show property prices exceeding their district averages. These areas benefit from prime locations, proximity to business districts, and robust transportation networks, driving up demand and prices.

If you want to have a Taipei City address, this area has very high cost-effectiveness.

— Chen JinpingRecommending the Datong District for potential buyers.
DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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