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๐Ÿ‡น๐Ÿ‡ผ Taiwan /Economy & Trade

Southern Kaohsiung redevelopment zones near completion, attracting major commercial and residential projects

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Kaohsiung's southern districts are completing two major redevelopment zones, attracting commercial properties and high-quality residential projects.
  • The Asian Bay Area 5G AIoT Innovation Park is developing rapidly, drawing major tech companies and boosting job creation.
  • The city government has completed 10 redevelopment zones within the multi-functional economic zone, enhancing infrastructure and creating development space.
  • The 80th zone will soon host a Costco flagship store and a Southeast Miler, while the 70th zone is seeing significant investment from property developers planning high-end buildings.

Kaohsiung's southern districts are poised for a significant transformation with the completion of two key redevelopment zones, the 70th and 80th zones within the Asian New Bay Area. These areas are set to become major hubs, attracting both commercial enterprises and high-quality residential developments, signaling a new era of growth for southern Kaohsiung.

The broader Asian Bay Area 5G AIoT Innovation Park continues its robust development, attracting global tech giants like Foxconn, Nvidia, and IBM. This influx of technology companies is generating substantial employment opportunities and driving industrial advancement. The Kaohsiung City Government has actively supported this growth by completing ten redevelopment zones, including the 60th, 65th, 70th, 79th, 80th, 83rd, 88th, 90th, 94th, and 95th zones. These projects have enhanced essential infrastructure, including transportation networks, parks, and parking facilities, laying a solid foundation for the AIoT park's expansion.

Specifically, the 80th zone is anticipating the arrival of a Costco flagship store, an investment of approximately NT$3.7 billion (about $113 million), which is expected to create 500 jobs and generate over NT$10 billion ($307 million) in annual revenue upon its projected July opening. Additionally, Southeast Miler Plaza is investing NT$1 billion ($30.7 million) and is slated for completion in 2026. Meanwhile, the 70th zone, located in the bustling intersection of Yixin and Heping Roads, has seen major developers like Ching Wang, Huayou Union, and Long Da acquire prime land parcels in recent years.

Property developers are actively planning high-end residential buildings in these revitalized areas. The 70th zone, in particular, is becoming a focal point for luxury housing, with developers like the Keng Cheng Group planning pre-sale projects that offer direct views of park greenery and unique design features. Early bird pricing has already generated significant market interest, boosting optimism for the future of the housing market in southern Kaohsiung.

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.