The prices of housing units near four Taipei MRT stations surged more than 20 percent last year, data complied by Evertrust Rehouse Co (永慶房屋) showed.
Prices of housing units near Zhongxiao Fuxing Station, at the intersection of the Wenhu and Bannan MRT lines, increased the most compared with those near the system’s other 118 stations.
Prices of houses near the station rose 23.8 percent on average from a year earlier to NT$1.073 million (US$35,175) per ping (3.3m2), real-estate transaction data from the Real Price Registration System showed.
Photo: CNA
In second place were housing units near Beimen Station on the Songshan Line, where the average housing price rose 23.8 percent to NT$726,000 per ping last year.
The price increases are mainly due to the introduction of several property development projects near Beimen Station, which are expected to boost economic development in the area, Evertrust research manager Chen Chin-ping (陳金萍) said.
Posting the fourth and fifth-largest increases were housing units near Xinbeitou and Fuxinggang stations in Beitou District (北投), where prices rose 21.2 percent and 21 percent to NT$519,000 and NT$467,000 per ping respectively, the data showed.
The sharp increase in prices near the two stations was mainly due to a low base of comparison from the previous year, Chen said.
House prices near Wanfang Hospital Station on the Wenhu Line surged 18.9 percent to NT$591,000 per ping thanks to the number of public utilities and facilities in the area, such as hospitals and sports centers, she said.
Being close to an MRT station is a highly desired attribute for many home buyers in Taipei and New Taipei City because properties near MRT stations tend to sell for more, she added.
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