Taoyuan City Releases Public Land Exchange List, Prime Residential Plot Valued at $25.51 Million

Taoyuan City in Taiwan is offering a prime residential plot valued at NT$25.51 million as part of its annual public land exchange program. The 289.89 square meter parcel in the Taoyuan District's Zhonglu Second Section is expected to be the most popular offering this year.

The city government facilitates these exchanges to speed up the acquisition of public facility-reserved land. This year, Taoyuan is offering four parcels, while the National Property Administration is providing four more. The exchange is typically based on the announced land value, but highly sought-after plots may be auctioned.

However, local councilors have voiced criticism. Councilor Lu Lin-hsiao welcomed the Zhonglu plot but questioned the practicality of other offered lands, including two small building plots of 1.85 and 6 square meters, which are too small for building permits. She urged the city to avoid offering such inadequate parcels in the future.

Councilor Yang Chao-wei noted the city's intention to use land from the Zhongli Sports Park to resolve land acquisition issues for the Longgang Road Third Phase project. He called on the city to release more land and increase its leverage to address the long-standing challenges of public facility-reserved land.