Tamsui housing prices won't decline despite possible 'Tambei' halt: realtors
By John Liu, The China PostTAIPEI, Taiwan -- Realtors said housing prices in the Tamsui District will not be affected, despite the possibility that the government may halt the construction of the “Tambei” expressway designed to ease local traffic.
September 6, 2013, 12:02 am TWN
The Taipei High Administrative Court recently nullified the conclusion of an environmental evaluation which had posited that the construction of an expressway along the north bank of the Tamsui River would be environmentally friendly.
Since population levels continue to grow in the Tamsui area, the government decided to construct the expressway to resolve the deteriorating local traffic problems.
The Cabinet's Environmental Protection Administration (EPA) had approved the construction of an expressway along the north bank of the Tamsui River. However, environmentalists and local residents filed a lawsuit against the decision, claiming the project would damage the environment.
The expressway has generated considerable controversy for the potential damage it could cause to mangrove habitats in and around Tamsui since it was proposed by the county government.
The high court ruled that the EPA's evaluation was not appropriate on Wednesday, but realtors believe that the decision is not final, and that the EPA can still appeal to the Supreme Administrative Court.
A number of housing projects in the Tamsui District have been launched in recent years. A local real estate magazine estimated that housing with a total worth of NT$900 million will be developed this year.
In order to improve local transportation, the government decided to construct the light-rail MRT system and the Danjiang Bridge.
Realtors said that these major transport projects are still underway, and that housing prices will not decline further, simply because the traffic in the area will not continue to deteriorate.
Sinyi Realty research manager Tseng Chin-der (曾敬德) said that the government's plan to continue the light-rail MRT and Danjiang Bridge construction remains unchanged. The two construction projects are expected to substantially ease local traffic upon completion.