New Taipei City subway stations now pricier than some Taipei counterparts, study finds
Translated from Chinese, summarized and contextualized by DistantNews.
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- Some subway station areas in New Taipei City have higher rental prices per square meter than adjacent stations in Taipei City, challenging the perception that Taipei is more expensive.
- Specifically, Jiangzicui Station in New Taipei is slightly more expensive than Longshan Temple Station in Taipei, and Dapinglin Station in New Taipei is more expensive than Jingmei Station in Taipei.
- Real estate experts attribute this to New Taipei's mature living environments, newer housing stock, and convenient transportation, suggesting renters broaden their search.
Rental prices near some subway stations in New Taipei City now exceed those in neighboring Taipei City, defying the common assumption that Taipei holds the highest rental costs. A recent analysis by Yongqing Housing revealed that certain New Taipei stations offer higher per-square-meter rents than their Taipei counterparts, even when separated by just a river.
Some located in New Taipei City's MRT stations have even higher surrounding rents than Taipei City.
The data shows Jiangzicui Station in New Taipei City commands an average monthly rent of NT$1,522 per square meter, surpassing Longshan Temple Station in Taipei at NT$1,427. Similarly, Dapinglin Station in New Taipei averages NT$1,372 per square meter, higher than Taipei's Jingmei Station at NT$1,263. These figures challenge the established notion of Taipei's superior rental market.
The rent price difference for the top two smallest gaps, New Taipei's Jiangzicui Station has a monthly rent per square meter of NT$1,522, which is slightly higher than Taipei's Longshan Temple Station's NT$1,427.
Chen Jin-ping, deputy manager of Yongqing Housing's research and development center, explained that both Jiangzicui and Dapinglin stations are located in well-developed New Taipei residential areas. Jiangzicui benefits from its proximity to Banqiao's core district and a significant number of new residences from urban renewal projects, driving up rental demand and prices. Dapinglin is a key interchange station near Xindian's central area.
Jiangzicui Station and Dapinglin Station are both mature living circles in New Taipei City. Jiangzicui Station is close to the Banqiao core area and is influenced by the redevelopment area, with relatively more new residential buildings.
While Taipei's Longshan Temple and Jingmei stations are in established areas with ample housing, their rental markets are older, featuring more aged properties. This contrasts with the newer housing stock in some New Taipei areas, which attracts renters and influences rental rates. Chen advises renters to expand their search areas to potentially find more affordable options with comparable commuting convenience.
In contrast, although Longshan Temple Station and Jingmei Station are located in Taipei City and have relatively sufficient housing supply, their rental market development is earlier, and there are relatively more old houses, so the rent may not necessarily be higher than the mature living circles in New Taipei City.
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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