According to a survey by the Child Welfare Alliance, the proportion of private school students who commute for more than one hour a day reaches 23.8%, which is nearly five times that of public school students.
With the school season starting in September, picking up and commuting children to and from school has once again become a life issue for many families. Especially for families who plan to attend private schools, studying across districts is often accompanied by a long commute. A survey by the Child Welfare Alliance shows that 23.8% of private school students commute for more than one hour a day, which is nearly five times that of public school students. "Living close to school" has gradually become a consideration for some families when purchasing a house. As small families pay more attention to the convenience of schooling, residential products that are close to private schools and can shorten the pick-up and drop-off time are gradually attracting market attention.
According to the Ministry of Education's latest student number forecast, the number of college freshmen will drop from the current approximately 205,000 to approximately 151,000 in the 2020 academic year. Under the trend of declining birthrate, the number of children in a family is decreasing, and parents pay more attention to the education arrangement and quality of life of a single child. The choice of housing is no longer just based on price and transportation. Conditions such as distance from school and pick-up time may also affect the decision to buy a house. In recent years, some builders have also begun to take nearby schools and educational resources into consideration when evaluating residential sites.
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Take the Taichung Phase 14 living area as an example. There are many private schools in the area, and the distance between schools has become a condition that some home buyers are concerned about. The "Jiutang Ousen" base developed by Jiutang is adjacent to Weidao Middle School. The product plan is mainly family-type residences. Since its release in April, the current sales rate is about 30%, reflecting the demand of some owner-occupiers for school commuting conditions. "Double Oaks 2658", also located near Wei Dao Middle School, is expected to be launched in September this year, with a total sales volume of approximately 9 billion yuan. It is planned to be a single-family residence, using an SRC structure and equipped with a large public garden. The asking price per square meter and the total price per household have not yet been announced.
In addition to Wei Dao Middle School, Phase 14 is also surrounded by educational resources such as Morrison American School. Therefore, the customer base of residential products in the area is not limited to families in traditional school districts, but also includes homebuyers who need to attend private schools or international schools. "Jingrui AM" launched by Elite Construction is adjacent to Morrison American School and has a planned residential area of 38 to 42 square meters. In addition, there are also products such as "Fengguyun Four Seasons" in the area, with an area of about 26 to 41 square meters. "Huagu Four Seasons Hui" is planned to be a 2 to 3-bedroom product. According to the actual price registration data, the average transaction price is 731,400 yuan per square meter.
Huang Zhaowang, general manager of Jiutang Development and Sales Department, said that private schools are not restricted by traditional school districts, and parents pay more attention to commuting and pick-up time when buying a house. Therefore, residences close to index private schools can often attract more stable family demand for self-occupation. Since the demand for education is long-term, even if the real estate market enters a correction, it is easier for this type of product to maintain the attention of buyers, and the market sell-off performance is relatively resilient.
