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September 24, 2017

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Price discrepancy between Taipei, New Taipei City seen

The China Post news staff--Purchasing homes in New Taipei City just a river away from Taipei can make a huge difference, according to a survey released by My Housing Magazine yesterday.

The survey, which polled pre-construction and newly completed homes on both sides of the river linked by 500- to 1,000-meter bridges, found price discrepancies of as much as 45 percent.

For example, in Zhongzheng District in Taipei, homes are sold for NT$850,000 a ping, or 3.3 square meters. On the other side of the river, in Sanchong District, New Taipei City, prices average NT$460,000 a ping, translating into a price difference of NT$390,000.

Homes near Taipei Railway Station and those on the other side of the Zhongxiao Bridge have a price difference of 45 percent, the survey showed.

However, there are exceptions. Homes in Wanhua District in Taipei and Banqiao District in New Taipei City linked by Huajiang Bridge are offered at relatively the same price of NT$550,000, My Housing said.

In a separate survey yesterday, home prices in Kaohsiung City rose by the largest margin in the second quarter compared to other major metropolises of Taiwan.

The survey, which was conducted by Yung Ching Realty and polled Taiwan's nine major metropolises, found home prices in all of the cities except for Keelung rose in the second quarter. Kaohsiung home prices rose by the biggest margin of 7.6 percent, Yung Ching said.

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