Wed, Dec 30, 2009 - Page 4 News List

Wu unveils cheap housing plan

PUSHING OUTWARDS The affordable housing communities along a new MRT line under construction would be a 25 minute journey away from Taipei Railway Station

By Shih Hsiu-chuan  /  STAFF REPORTER

Premier Wu Den-yih (吳敦義) said yesterday that a number of locations close to stations along the future MRT line to Taoyuan International Airport in Linkou Township (林口), Taipei County, have been selected by the Executive Yuan to build “affordable housing” for young people.

The Ministry of the Interior’s Construction and Planning Agency yesterday briefed Wu on the proposal at the Executive Yuan. Wu said he gave preliminarily approval for the proposal.

After the MRT system becomes operational, “the locations will be within a 20 to 25 minute journey from Taipei Railway Station,” Wu said in an interview with China Television Co yesterday.

He said that the affordable housing communities, which are expected to accommodate thousands of families, could be completed by 2014 when the line is ready.

The government estimates the average cost for acquiring the construction site would be NT$100,000 per ping (3.3m²), with housing prices at less than NT$200,000 per ping, the proposal said.

Wu said the central government would preside over construction projects surrounding the unnamed A7, A8, and A9 stations, while the Taoyuan County Government would be in charge of the areas near the stations between A10 and A16, which are located within the proposed Taoyuan Airport City.

Each area would include more than 100 hectares of land to build communities.

Expensive housing was the top complaint in an online and telephone survey recently conducted by the Research, Development and Evaluation Commission.

Wu said that building communities in the suburban areas of big cities was a way to counter expensive housing without intervening in the real estate market.

The project could also be applied to some locations close to stations along the future orbital line of the Taipei MRT system, he said.

A survey conducted by a private housing agency recently showed that property prices in Taipei averaged NT$433,000 per ping, up from NT$244,000 in December last year and NT$406,000 in May last year, while those in Taipei County rose to an average NT$211,000 per ping this month from NT$173,000 a year earlier and NT$198,000 in May last year.

Also See: Home buyers settling for less as prices keep rising

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