Urban land value in Taipei City continued to register the highest growth in the six months from April 1 through Sept. 30 last year, with the land price index rising by 2.05 percent against Sept. 30, 2008, as a base period, statistics released by the Ministry of the Interior on Thursday showed.
The ministry releases reports on urban land price indicators twice a year, in January and July, with indices for this month derived from land prices weighted by area in a given zone between April 1 and Sept. 30.
The January general index of urban land prices in 16 cities and counties around the country stood at 100.38 points, up 1.09 percent from the index for July, which was 99.18 points.
MRT EFFECT
The extension of the mass rapid transit system in metropolitan Taipei has boosted land prices in Taipei City and Taipei County over the past several years.
While Taipei City registered the highest growth, the land price index of Taipei County also increased by 1.78 percent.
On the other hand, damage caused by Typhoon Morakot in August was also reflected in land prices in eastern and southern Taiwan.
While land price indices in Taitung, Hualien, Pingtung, Changhua, Miaoli, Nantou, Yunlin and Chiayi counties dropped, Taitung County in eastern Taiwan suffered the biggest loss.
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