Taoyuan City’s first MRT land development project successfully attracted business! The "Honghui Photosynthetic Alliance" jointly formed by Honghui Company, Qunguang Electric Technology and Jiashanlin Construction has successfully signed a contract with the Taoyuan City Government for the land development project of the dedicated area of the Airport MRT A10 Shanbi Station. It is expected to drive regional development and improve the land use efficiency of the MRT. The estimated development amount is nearly 3 billion.
The entire project base covers an area of approximately 1,513 square meters. It has the transportation advantage of "1 stop connected to the MRT Green Line, 2 stops to Taoyuan Airport, 30 minutes to the Arts and Cultural Zone, and 40 minutes to Taipei." It is a hub connecting Linkou City and Taoyuan Aviation City. In the future, it will also be connected to Taoyuan City through the MRT Green Line and the MRT Green Line. The location is very convenient.
The Taoyuan City Government stated that the Honghui Photon Alliance will integrate existing shopping mall brand resources and experience in operating communities to invest in Taoyuan, planning and building an 11-story shopping mall and residential complex building to provide diversified living functions in the area and create a human-oriented and livable living node. With sustainable architecture and ESG as design goals, it is committed to obtaining the Green Building Gold Label, Smart Building Silver Label, Building Energy Efficiency Level 1+, LEEDv5, BD+C, and WELL for Residential Certification Fitwel 3-star mark certification to create a high-standard complex residential building.
Xu, a senior associate at Savills, the investment consultant for this investment, said that Taoyuan has unique land, sea and air transportation conditions, and in recent years the government has invested in the Taoyuan Aviation City and rail construction to attract industrial investment and transformation. In 2026, investment in commercial real estate and industrial land in Taoyuan City will exceed 70 billion yuan, including Quanta Computer's investment of 19.7 billion yuan to purchase a factory in Huaya Technology Park, KGI Life Insurance's investment of 6.3 billion yuan to purchase Yangmei Logistics Center, and ASE's investment of 5.67 billion yuan to acquire a factory building in Zhongli Industrial Zone. There is strong demand for expansion in industries such as semiconductors and logistics.
Liu Qingfeng, director of the MRT Engineering Bureau, said that under the track construction vision of "one ring, three centers, 21 lines, eight lines, and good transportation", Taoyuan is working hard to move forward step by step. Not only is the MRT Green Line expected to open to traffic at the first wave of seven stations including G11 Art and Cultural Zone Station to G15b Hangkou Station by the end of this year, but the preliminary construction of the MRT Brown Line also started in July this year. In the future, it will actively and continuously promote investment in various MRT land development bases in Taoyuan.
Industrial expansion has driven the overall residential and commercial demand in Taoyuan. The successful investment promotion of the A10 Shanbi Station not only shows the market's recognition of the TOD development potential along the Taoyuan MRT line, but is also an important milestone in the successful investment promotion of Taoyuan's first land development project. As some sections of the Taoyuan MRT Green Line are expected to be opened to traffic by the end of this year, the benefits of the MRT network will gradually fertilize. When the MRT Green Line is fully opened to traffic, the A10 Station will be able to quickly connect the Arts and Cultural District, Taoyuan City, etc. in the future, connecting the diverse functions of industry, commerce, and life in the greater Taoyuan area. The successful investment in the first MRT land development project has also become an important starting point for leading Taoyuan towards rail economic development.
The A10 Shanbi rezoning area has been actively promoted in recent years. It is close to the airport and is a relatively low-end area. In addition to local customers, it has also attracted many buyers along the airport, including customers from Dayuan, Linkou, Guishan and other places. The area mainly has 2 to 3 rooms. According to market surveys, regional housing prices are about 390,000 to 450,000 per square meter. Housing prices have been revised after the housing market downturn last year.
