Taoyuan County topped administrative districts in land deals for the first eight months of this year, suggesting there will be more residential development projects in the area as builders seek to take advantage of growing infrastructure facilities there, a property report showed yesterday.
Land transactions totaled NT$811.6 billion (US$27.52 billion) between January and August, with Taoyuan County accounting for 24.56 percent, or NT$199.3 billion, as the ongoing Taoyuan Aerotropolis project continued to attract property funds, Sinyi Realty Inc (信義房屋) said, citing sales figures.
Year-ago deal data are not available, as the government started disclosing transaction details in October last year.
Taoyuan County’s Dayuan Township (大園), where the Aerotropolis project and Taiwan Taoyuan International Airport are located, saw 1,600 land deals valued at NT$48.5 billion, outperforming other townships or sub-city level districts, Sinyi said.
“The data lend support to continued property momentum in Taoyuan where housing is much more affordable, compared with Taipei and New Taipei City (新北市), and more desirable after the mass rapid transit system is extended to the airport,” Sinyi researcher Tseng Chin-der (曾敬德) said.
The Aerotropolis project, one of the “i-Taiwan 12 public construction projects,” refers to a 6,000 hectare plot of land near the airport and high-speed railway’s Taoyuan station to be turned into commercial and residential space, Sinyi said.
Jhongli City (中壢) and Lujhu Township (蘆竹), two other districts in the county, also did well with NT$40.2 billion and NT$20.9 billion of land deals respectively, ranking second and fourth among townships nationwide, Sinyi said.
Measured by municipalities, Greater Taichung ranked second, with NT$135.6 billion in land transactions as of August, followed by New Taipei City with NT$99.2 billion, Sinyi said.
Greater Kaohsiung reported NT$90.7 billion of land deals during that period and Greater Tainan came next with NT$52 billion, Sinyi said.
In Taipei, where land supply is limited and expensive, transaction volumes lagged behind Miaoli County, Sinyi said.
“Demand for land remains strong in Taipei, despite soaring prices, but a lack of supply accounted for the sluggish trade,” Tseng said.
Rezoning districts also proved attractive as evidenced by active trading in New Taipei City’s Tamsui District (淡水) and Linkou District (林口), as well as in Greater Kaohsiung’s Gushan District (鼓山), Sinyi said.