Statistics show that the price difference between existing houses and pre-sold houses in the ten major rezoning districts in New Taipei is the largest in the Renyi rezoning district. (Photo by reporter Zhu Yuqiao)
In recent years, New Taipei redistricting has continued to be the focus of developers and many home buyers. However, the price gap between pre-sale houses and existing housing buildings has also become an important consideration for people when choosing a house. According to industry statistics in the past year, the average unit price of pre-sale houses and existing buildings in the ten major rezoning districts in New Taipei City is 194,000 yuan per square meter in the Renyi rezoning district. If we take the purchase of a 30-square-foot building product as an example, the total price difference between the two is nearly 6 million yuan; while the price difference in the Yizizhen rezoning district is only 64,000 yuan, the lowest among New Taipei rezoning districts.
Observing the "price difference amount" and "price difference range" of pre-sale houses and existing housing buildings in the ten major rezoning districts in New Taipei, the price difference in the Renyi rezoning district is the most astonishing, with a difference of NT$194,000 per square meter and a price difference of 32%. Fengming redistricting is the area with the largest price difference. In the past year, pre-sold houses were 498,000 yuan, compared with 372,000 yuan for existing buildings. The price difference per square meter was 126,000 yuan, and the price difference was the highest at 33.9%.
Chen Jinping, deputy manager of the Yongqing Housing Research and Exhibition Center, pointed out that the Renyi rezoning area is mainly residential planning, the area is smaller than other rezoning areas, and development will be faster. Transportation is also one of its major advantages. There are Zhongshan High School and Chongyang Bridge, which can connect Taipei city center, Nei Ke, Shilin and other areas. The living functions of this area are also quite convenient, with business districts such as Renyi Street and Wuhua Street. Therefore, pre-sale houses in this area are also popular with many consumers, and the pre-sale unit prices are still high. In addition, some existing housing buildings in the area are relatively old, which widens the price difference between pre-sale houses and existing houses.
As for the Fengming rezoning district, which has the largest price difference, Chen Jinping analyzed that Fengming rezoning district has the advantage of favorable traffic conditions such as Taiwan Railway and Sanying Line, and its housing prices are more affordable than other rezoning districts in Shuangbei, attracting many first-time buyers and owner-occupiers. As transportation construction is gradually put in place and regional development matures, the price of pre-sale houses has risen rapidly in recent years, thus widening the gap with existing housing buildings.
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In comparison, the price difference between the zoning areas of Yaozai Zhen and Jiangcui North is smaller, with price differences of 11.5% and 10.1% respectively. Chen Jinping explained that the northern area of Jiangcui is adjacent to the old urban area of Banqiao and has residential advantages such as waterfront landscape, new street outlines, and park green space. Some areas can also connect Jiangzicui, Xinpu Living Circle and Bannan Line MRT, and living and commuting conditions have gradually matured.
Data shows that in the past year, pre-sale transactions have mostly occurred in Areas A and B of the rezoning area, which are far away from Xinpu and Xinban Special Economic Zones. Therefore, the pre-sale unit price is not as high as Areas D and F, which are adjacent to MRT stations. Coupled with the active transactions of new homes in the area, the overall price difference between pre-sales and existing homes is not that obvious. In the past year, the price difference between pre-sales and existing homes was only NT$69,000 per square meter, a range of about 10%.
As for the rezoning area of Yaozai Town, Chen Jinping said that Yaozai Town spans Xinzhuang and Taishan Districts and is a large-scale development rezoning area in New Taipei. It is also adjacent to Xinzhuang sub-city center, Fuzhou University business district, airport MRT and other transportation and life functions. The district continues to promote roads, parks, Public buildings such as schools and overall regional living functions are still being gradually constructed. Although pre-sale prices have reflected future development potential, there has not yet been a significant premium. In the past year, the price difference between pre-sale houses and existing housing buildings was only 64,000 yuan, the lowest, and the price difference is relatively limited.
Chen Jinping added that overall, the prices of pre-sale houses in various rezoning areas in New Taipei continue to be at the high end, and the development of many rezoning areas is gradually in place. If you can make good use of the price gap between pre-sale and existing housing buildings, and find products that meet your needs in the same rezoning area, under the same housing purchase budget, buying existing housing buildings is relatively affordable. The square footage can be purchased much more than the pre-sale housing, in exchange for greater living space and quality.
