The Taoyuan MRT Green Line is about to open to traffic, benefiting the housing market in the Arts and Cultural District

The Taoyuan MRT Green Line is about to open to traffic, and the arts and cultural zones along which the line passes will be the first to benefit. (Photo by reporter Zhu Yuqiao)

During this downturn in the housing market, Taoyuan District is one of the few areas in Taoyuan City with stable sales. The arts and cultural life circle represented by high-end residential areas has been driven by the imminent completion of the MRT. According to market surveys, an increase in supply has been evident since the fourth quarter of last year, which has boosted the atmosphere for viewing houses in this area.

According to the housing exhibition, a new wave of projects have been promoted by well-known companies recently, including Lianhong City Art, the first project of Lianhong Construction to enter Taoyuan. The site is located on Tongde 5th Street. It is purely residential planning. The product is 20 to 37 square meters with 2 to 3 bedrooms. It is emphasized that it is about 550 meters away from the G11 MRT station. The price is about 700,000 per square meter. Since it is the latest public case in the area, inquiries are currently hot, and 3-bedroom apartments have received better responses.

Please read on...

Another project, "Senjing M1", is located on Jingguo Road. It focuses on the old art and cultural life area. The surrounding mass stores, hospitals, interchanges, and schools are all functional. The product has 2 to 3 bedrooms of 24 to 38 square meters, and the price per square meter is about 650,000.

The one that has not been officially announced is "Zhucheng Art Copywriting", which has a site of more than 1,000 square meters and is located next to Zhuangjing Elementary School. It plans to have 2 to 4 rooms of 25 to 40 square meters. "Art and Culture Core" is expected to be launched after October. It will be close to Ciwen Junior High School and Elementary School and the product will be 2 to 3 bedrooms.

In the online old case section, the exhibition said that the outstanding performers this year are "Yamato Admiration", "Damato Imperial Garden" and "Hakuchuan Peak Collection". Among them, "Damato Imperial Garden" sells for 678,000 to 695,000 per square meter, the highest in the region. "Yamato Admiration" has the largest transaction volume, and "Hakuchuan Peak Collection" sales exceed 80%.

Chen Bingchen, spokesperson of Housing Exhibition Magazine, pointed out that at present, housing prices in arts and cultural living areas have stabilized at the prefix 6 level, and only a few small bases or peripheral locations can see prices within 600,000 yuan. As for the source of customers, although the real estate market is cold, due to the MRT theme, there are a certain proportion of property buyers, and Taoyuan locals account for the majority.