Sanchong Housing Prices Soar Past Million-Dollar Mark, But Affordable Options Remain

Housing prices in Sanchong District, New Taipei City, are experiencing a significant surge, with some top-floor units in the "Dongwei Yuchuan" development selling for NT$102.61 million per ping, marking another Sanchong property entering the "million-dollar club."

This trend follows the "Runtai CITY PARK" project, which previously established a benchmark of NT$1 million per ping. Initially met with skepticism, the market's acceptance of these prices has grown as transactions accumulate. "Runtai CITY PARK" has seen average transaction prices around NT$1.02 million per ping, with individual units ranging from NT$92.20,000 to NT$114.60,000.

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Sanchong's housing prices continue to set new records.

Experts attribute Sanchong's rising property values to the development of the Taipei Science Park and the concentration of AI industries, which have boosted the area's perceived value. Previously marketed for its proximity to Taipei and relatively lower prices, Sanchong is now benefiting from these economic drivers.

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Sanchong's housing market has shifted from primarily highlighting its proximity to Taipei and relatively lower prices to benefiting from factors like the development of the Taipei Science Park and the AI industry cluster, significantly enhancing regional value.

However, not all areas in Sanchong have reached these premium price points. He Shichang, CEO of Xin Chuan Real Estate Think Tank, points out a significant market differentiation. In areas like the vicinity of the Erchong Floodway Industrial Park, about a five-minute drive from MRT Sanchong Station, new pre-sale projects can still be found for NT$500,000 to NT$600,000 per ping. These lower prices reflect areas where amenities and living conditions are still developing.

He further notes that areas north of the MRT Xianse Temple Station and outside the main redevelopment zones also offer new homes in the NT$600,000 per ping range. These locations, situated between the Xinzhuang Touqian and Erchong Floodway redevelopment zones, are considered relatively undervalued due to lingering industrial characteristics and incomplete infrastructure. For budget-conscious buyers willing to wait for amenities to mature, opportunities still exist in Sanchong.

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However, Sanchong's housing prices have not universally reached one million per ping; some areas still offer new homes in the 50,000s per ping range.