New Taipei City Districts Attract Over 7,000 Residents Fleeing Taipei's High Housing Costs

New Taipei City is experiencing a significant influx of residents from Taipei, driven primarily by the latter's escalating housing costs. Over the past year, more than 7,000 people have moved to New Taipei City, with Tamsui, Tucheng, and Linkou emerging as the top destinations.

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Tamsui District has relatively affordable housing prices in New Taipei City, with an average price per ping of NT$307,000 and an average total price of about NT$11.67 million, which is significantly lower than the core areas of Taipei and New Taipei City.

Tamsui leads the migration with 4,358 net new residents, attributed to its relatively affordable housing, with an average price of NT$11.67 million and NT$307,000 per ping. The ongoing development of the Tamsui-Kenchou New Town, improving amenities, and the MRT Tamsui-Xinyi Line connecting to Taipei make it attractive to first-time buyers and young families seeking larger living spaces.

Tucheng, ranking second with 1,675 new residents, benefits from infrastructure projects like the MRT Bannan Line and the future Wanta Line, alongside the judicial park. Its development prospects are further boosted by the Topu Science Park, which is expected to create over 30,000 jobs. Linkou, in third place with 1,335 residents, attracts people with its airport MRT access, growing industrial clusters, and expanding commercial, medical, and educational facilities, despite an average housing price of NT$20.76 million.

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Tucheng benefits from the MRT Bannan Line, the future Wanta Line Phase 2, and major construction projects like the judicial park, making its development prospects highly anticipated and attracting early investment from owner-occupiers.

Other areas like Bali, Wugu, and Sanxia offer average prices between NT$200,000 and NT$300,000 per ping, with total prices often under NT$15 million. Bali benefits from the Tamsui lifestyle and improved connectivity via the Tamsui-Kenchou Bridge. Wugu's appeal grows with the development of the Zhouziyang Redevelopment Zone, while Sanxia attracts families with the mature educational resources of the National Taipei University Park.

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Linkou benefits from the Airport MRT, continuous development of industrial clusters, and increasingly complete large shopping malls, medical, and educational resources.

Conversely, Xindian and Sanchong are the most expensive among the popular relocation spots, with average prices exceeding NT$500,000 per ping. Xindian offers mature amenities and MRT access, while Sanchong's appeal lies in its dense MRT network, proximity to Taipei, and ongoing urban renewal projects. Ultimately, decisions to relocate are multifaceted, considering not only price but also transportation, amenities, job prospects, and living environment.

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The Topu Technology Park in Tucheng has several high-end commercial office buildings nearing completion, including 'Chonggong Cloud' expected to be completed this year. Cathay Financial Holdings has already brought in 5,000 employees, and future projects like Huinan Financial Building and Kao Corporation's plant renovation project are expected to bring more than 30,000 jobs.