Two Dazhi urban renewal projects attract bidders, with projected property value topping NT$10 billion

Two long-awaited rebuilding projects in Taipei’s Dazhi district have moved forward after developers were selected to renew residential sites damaged by neighboring construction.

The Dazhi Ruyu project will be led by a consortium headed by Huang Chang Construction, while Hongyang Construction won preferred-applicant status for Dazhi Zangxi. Taipei’s Housing and Urban Regeneration Center served as the implementing agency for both publicly led projects.

The two sites suffered damage in September 2023 when nearby construction caused a neighboring-property incident. Technical assessments found wall cracks, water seepage, damaged tiles and damage to interior finishes. The city began the public renewal process soon afterward, held a community briefing within a month and designated the housing center to oversee the work.

The first attempt to attract bidders in 2025 received no applications. Taipei later revised the financial structure and bidding terms after considering market conditions, geological conditions and construction risks, while continuing consultations with residents. The projects were reopened for bidding in March and April 2026 and proceeded to public selection.

Dazhi Ruyu is planned as a two-tower, 19-story building with four basement levels and about 8,779 ping of floor area. Its design calls for a steel-frame structure and certifications covering green building, seismic safety, smart building and health standards. The project is expected to create more than NT$10 billion in property value.

Dazhi Zangxi is planned as a two-tower, 24-story building with four basement levels and about 11,383 ping of floor area. Hongyang said it would use a steel-reinforced concrete structure and pursue green-building, seismic, smart-building and energy-efficiency certifications. The project is expected to create more than NT$12 billion in property value.

Both projects will use top-down construction, deep foundations and extensive monitoring to reduce risks to surrounding buildings. Contracts are expected by the end of October, with resident consultations afterward. Formal unit selection and renewal review are planned for 2027, followed by approval and relocation work in 2029.

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The company will continue to assess publicly led urban renewal projects cautiously. As long as ownership is straightforward and the location and environment are good, we will consider bidding.