The actual price of three new projects in New Taipei City this year exceeded 1 million yuan per square meter, but they accounted for less than 5%

The spillover and price comparison effects interact with each other. This year, there are three new cases in New Taipei City with a record price of 1 million yuan per square meter. (Provided by Housing Exhibition Magazine)

[Reporter Xu Yiping/Report from Taipei] The spillover and price comparison effects interact with each other. This year, there are three new projects in New Taipei City with real prices of more than 1 million yuan per square meter. However, the new project market research agency pointed out that even though there have been new projects with a unit price of one million yuan in New Taipei City in the past three years, they account for less than 5%.

According to the compilation of Housing Exhibition Magazine, three new cases in New Taipei City this year have reached a real price record of one million yuan. They appeared in Banqiao, Sanchong and other administrative districts, including two in Sanchong.

Please read on...

Chen Bingchen, director of the Enterprise Research Office of Housing Exhibition Magazine, analyzed that so far this year in New Taipei City, there are not many new cases with real prices exceeding 1 million yuan per square meter. Even in 2024 and 2025, there will only be 6 to 7 cases, and the proportion of transactions exceeding 1 million yuan per square meter accounted for less than 5%.

Therefore, even though housing prices in New Taipei City are on the rise, new projects with high unit prices are still not as high as those in Taipei City. Especially at a time when the real estate market is currently experiencing a cold buying climate, developers are more conservative in promoting projects.

Further observation of the new projects in New Taipei City this year with a unit price of one million yuan, there are many new projects with excellent locations, located near the New Ban Special Zone, which demand high construction quality. Moreover, the number of square meters planned is becoming smaller. One of them is even less than 16 square meters, and the largest is just over 40 square meters at most.

The unit price of new projects exceeds one million yuan, and the planned square footage is too small

The total price is naturally less than 40 million yuan, and the small square footage is even less than 16 million yuan. It is still quite far away from the 60 million yuan loan limit for luxury homes in New Taipei City.

Finally, Chen Bingchen pointed out that there are reports of new projects with a unit price of one million yuan to be launched in Xindian District, Yonghe District, and Zhonghe District. However, in the end, it still depends on the location and brand. In particular, the new projects expected to be launched are not luxury housing projects with large square meters and high total prices. #

Grasp the economic pulse with one hand. Click here to subscribe to Free Finance Youtube Channel