Taiwan’s Taishan housing market braces for a major development worth more than NT$10 billion

A major property project is quietly taking shape in Taishan, where the housing market has remained subdued despite a slight recovery in viewing activity.

The project, called Contemporary Emperor’s Palace, is being developed by listed company Ayushan Construction. It will occupy more than 4,000 ping in a commercial district near Taishan Guihe Plaza, with access to the Danfeng MRT station and Taishan Guihe Airport MRT station.

Plans call for a 22-story landmark building with 576 units combining homes and office space. The development will also include a range of recreational facilities, and its total sales value is expected to exceed NT$10 billion. The reception center is still being prepared, but customer reservations have reportedly begun to accumulate.

The project would enter a market where new supply has stayed low. After the benchmark Bada Manor project launched late last year, only a few new developments appeared in the first half of this year. Existing projects have taken different approaches to attracting buyers. Landscape New Generation is offering a low-down-payment plan and light renovation gifts for 20 selected units, while Yitai Xin has maintained steady sales despite relatively high prices.

Mingzhi Academy’s neighboring Mingzhi Shuyuan has entered the completed-home sales phase and is nearing the end of its sales campaign. Taishan remains in a period of low transaction volume and cautious buyers, but the planned third-quarter arrival of Contemporary Emperor’s Palace has increased attention on whether a large project can revive development and demand.