Banqiao's largest joint project starts construction! Close to the Xinban Special Economic Zone, how high will the house prices rise in this case?

New Taipei City continues to promote land development at MRT stations, introducing residential, commercial and office functions through the TOD model to drive development along the rail lines.

A blessing ceremony was held for the joint development project of the MRT Circular Line New Station on the 12th. The total investment amount is approximately 6.04 billion yuan. The base area is 1,392 square meters. A 38-story above-ground and 6-story underground complex building will be built. It is the largest MRT joint development project in Banqiao and is expected to be completed in 2030.

New Taipei City Mayor Hou Youyi said that the total floor area of ​​the project exceeds 20,000 square meters and is built with an all-steel structure. The plan combines residential, shopping and office spaces, and a residents' activity center. After completion, it can bring in about 1,100 employed people, adding commercial and residential functions to the area around Banxin Station.

New Taipei City MRT Project Director Li Zheng'an pointed out that there are currently 37 MRT land development projects in New Taipei City, and investment has been successfully attracted for 13 of them, of which 2 have been completed, 4 are under construction, 5 are under license, and 2 are under detailed design. In the future, about 53,000 residents will be introduced, 43,000 jobs will be created, and it is estimated to drive investment opportunities of about 327 billion yuan.

The joint opening of Banxin Station is close to the Xinban Special Zone, and the future prices of residential products have attracted much attention. Li Wujun, Chief Operating Officer of Fuhua Group, said that the current total sales and promotion price have not yet been finalized, but based on the location of the site and construction specifications, he hopes to challenge the new high price in Banqiao. The current unit price of the benchmark luxury home in the Xinban Special Zone has reached 1.2 million yuan. The project is located at the gateway of the Xinban Special Zone. As the surrounding streets gradually expand, there is an opportunity to challenge the new regional housing price record in the future.

In terms of product planning, Li Wujun pointed out that the first and second floors of the project are planned for retail stores, the third floor is an MRT station, the 4th to 8th floors are planned for office space, and a 126-square-meter citizen activity center is set up. The 9th to 38th floors are planned for residential buildings, mainly small and medium-sized square meters. It is expected to be launched in the 928 slot in 2027.

Regarding the outlook for the housing market next year, Li Wujun said that he is not pessimistic about the market in 2027. It is expected that housing prices will still have the opportunity to grow steadily. Fuhua will also launch a number of large-scale construction projects next year, including the Banxin Station Joint Project and the first phase of the Zhonghe Dayang Project. As well as the Xinzhuang "Fuhua Road Phase II", which is expected to be launched in the 329th period, the annual project volume will be at least 30 billion yuan. In addition, Li Wujun revealed that the overall scale of the Zhonghe Dayang case is expected to reach 100 billion yuan, and will be promoted in installments.