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๐Ÿ‡น๐Ÿ‡ผ Taiwan /Economy & Trade

Tainan Housing Market Surges: Rende District Leads with 300% Transaction Growth

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

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  • Tainan's housing market saw a significant transaction volume increase of 72.33% in March compared to February, with the Rende District showing a remarkable 300% rise year-on-year.
  • Despite the transaction surge, the city's housing price index saw a slight increase of 0.01% from February but a decrease of 3.39% compared to the previous year.
  • City officials highlight ongoing development projects aimed at transforming Tainan into a competitive, high-quality, livable smart city, supported by industrial growth and infrastructure improvements.

Tainan's real estate market experienced a notable surge in transaction volume in March, with a 72.33% increase from February and an 18.52% rise compared to the same period last year. The Rende District stood out with an astonishing 300% year-on-year growth in transactions, largely attributed to the completion of new residential projects and a subsequent increase in first-time property registrations. The Annan District followed with a substantial 129.06% increase.

Despite the uptick in sales, the city's overall housing price index showed marginal movement, rising only 0.01% from February to 140.38. Compared to the previous year, prices have dipped by 3.39%. Most administrative districts are currently undergoing price adjustments, with some areas like Jiali District seeing a significant drop of 58.95% in transactions compared to last year. Conversely, areas like Shanhua and Xinshi Districts also experienced a decline of over 30% in transaction volume.

Mayor Huang Wei-che emphasized the city's commitment to urban transformation through various development initiatives. Key projects include the "Southern Science Park Specific Development Zone" which has commenced construction, aiming to create a comprehensive technology industry corridor in southern Taiwan. Additionally, the city is pushing forward with developments in areas such as Yongkang Station, Dongqu Ji35, Xinying Second Market, Yongkang Artillery School, Erwang, Annan Chaohuang, Yuguang Island, and Xiaying.

These developments are designed to integrate industrial momentum, optimize public facilities, and enhance disaster resilience. The goal is to accelerate Tainan's transformation into a competitive, high-quality, livable smart city that balances economic strength with a high standard of living. The city government will continue to monitor market trends and buyer sentiment to observe the sustainability of this recent sales activity.

The city continues to drive urban transformation and development through various development projects, steadily boosting the city's transformation and development.

โ€” Huang Wei-cheTainan Mayor Huang Wei-che on the city's development initiatives.
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.