ShuiNan Major Construction Launched, But Homebuyers Shun New Projects! Expert Reveals Fund Flow

Taichung's ShuiNan Economic and Trade Park is on the cusp of a new era as significant infrastructure projects near completion. The ShuiNan Transit Center, a key component of the park's development, is scheduled to open for business in August. This hub is designed to integrate various transportation services, including long-distance buses, local buses, and future connections to the MRT Orange Line, enhancing the area's connectivity with major expressways like National Freeway No. 1 and Provincial Highway 74.

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ShuiNan Transit Center is adjacent to Provincial Highway 74 and directly connects to National Freeway No. 1.

However, despite the influx of major public facilities such as a central park, a library, and an international convention center, the burgeoning development is not immediately translating into a surge in demand for new properties within the park itself. Instead, real estate agents observe a growing preference among homebuyers for the more established ShuiNan old town area. This preference is driven by the immediate availability of housing and the presence of mature community amenities.

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Provincial Highway 74 is like Taichung's important transportation lifeline, connecting major living circles such as Xitun, Beitun, and downtown Taichung.

Experts point to specific property types that are attracting buyers. Around 10-year-old elevator buildings priced under NT$20 million are popular, as are townhouses valued between NT$16 million and NT$25 million. These older properties offer a blend of reasonable pricing and immediate occupancy, appealing particularly to those with urgent housing needs or those seeking value. While the ShuiNan Economic and Trade Park's long-term development prospects, including future infrastructure like the MRT Orange Line, remain promising, the current market dynamics favor the established neighborhoods that offer immediate livability and more accessible price points.

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The ShuiNan Economic and Trade Park is a large state-owned land area led by the government. Various large public facilities such as the Central Park, the Library, and the International Convention Center have already attracted visitors and exhibitors.