Tainan farmland turns to gold! Yongkang's newly rezoned land prices double, landowners welcome good news

Tainan farmland turns to gold! Yongkang Kunda Road City Rezoning District announced on the 11th that the land registration has been completed and is expected to be handed over on the 18th. The former agricultural land and iron sheet factory have been transformed into residential construction land. Experts estimate that the unit price of agricultural land before rezoning was about 130,000 to 150,000 yuan, and the price of construction land after rezoning is 300,000 to 350,000 yuan, directly doubling the land value.

Tainan Mayor Huang Weizhe said that Yongkang District is a densely populated administrative district in Tainan and an important transportation node connecting the old urban area and Nanke District. Through urban land rezoning, land and public facilities have been integrated to improve the originally fragmented street environment.

The Tainan City Phase 11 Yongkang Kunda Road rezoning area is located in the living area of ​​Kunshan University of Science and Technology, adjacent to Kunda Road, Dawan East Road and Yongkang Interchange. The rezoning area is about 4.33 hectares. It was completed in September this year. The land rights change registration in the entire district was completed in November. The land transfer is expected to be carried out in batches from November 18 to 20.

The Tainan City Land Bureau pointed out that after the rezoning, a total of about 2.58 hectares of residential land was released, and an additional 1.74 hectares of land for public facilities, including parks, children's playgrounds, plazas, parking lots and roads, added to the local hinterland for residential development.

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Jiang Jianxian, manager of the CITIC Housing Tainan Linsen franchise store, said that the rezoning areas used to be mostly scattered farmland, iron sheet factories, old buildings and idle land. Before the rezoning, the market price of farmland was about 130,000 to 150,000 yuan per square meter. With the changes in urban planning and the completion of urban land rezoning, land use conditions have changed, and the market for land construction has also increased.

Jiang Jianxian analyzed that the current market price of construction land around Kunming University of Science and Technology is about 250,000 to 320,000 yuan per square meter, depending on the location and road conditions. The rezoning area is close to the busy Kunda Road and Dawan East Road, and the location conditions are better. It is estimated that the construction land market price can reach 300,000 to 350,000 yuan per square meter. Compared with the price of agricultural land before the rezoning, the valuation per square meter has more than doubled.

Jiang Jianxian pointed out that Kunming University’s living area already has a mature business district and residential population. In addition, it is adjacent to the Yongkang Interchange, has convenient transportation, and has the conditions for residential development. Based on the current surrounding land market conditions, if a builder enters the market to launch high-rise residential buildings in the future, it is estimated that housing prices may fall to 350,000 to 400,000 yuan per square meter.