Not afraid of declining birthrate, the A7 redistricting not only opened new elementary schools, but the housing prices in the school district are more than 20% higher than the regional market.

If a school is close to a technology industry cluster, the abundant job opportunities in the park will bring a large number of employed people, thereby increasing local housing demand. (Provided by Yongqing Real Estate Group)

[Reporter Xu Yiping/Taipei Report] The wave of low birthrate has caused some old schools to face the fate of being abandoned. However, there are still schools in science parks and new rezoning areas. Driven by the population migration, schools need to build new school buildings to meet the demand for education, prompting the emergence of "school district housing", and the housing prices are much higher than the regional market.

According to the housing market performance of newly established national elementary schools in seven cities after 2023, compiled by real estate agents in the past year, the housing prices surrounding 7 of the 9 schools are higher than the average price in the administrative districts. The price difference is largest among the "Wenqing Elementary School" in Taoyuan City's A7 rezoning district. The average price of houses in the school district in the past year is about 404,000 yuan per square meter. Compared with the average market price in the administrative district, it is about 331,000 yuan per square meter. The price difference is as high as 73,000 yuan per square meter, and the price difference is as high as 22%.

The second place in price difference is "Shantan Elementary School" in Tainan City. The price of houses in the school district is about 325,000 yuan per square meter, compared with about 291,000 yuan per square meter in the administrative district. The price difference is about 11.7%. The third place is "Wenxing Elementary School" in Zhubei City, Hsinchu County. The price of houses in the school zone is more than 10% higher than the administrative district average.

Science parks and redistricting drive population migration

Chen Jinping, deputy manager of Yongqing Housing Research and Exhibition Center, said that these schools are close to technology industry clusters, and the abundant job opportunities in the parks have brought a large number of employed people, thereby boosting local housing demand.

Since the parents of engineers generally have higher incomes and value their children's education, the newly established primary schools, which focus on bilingual teaching and smart campuses, are exactly in line with the needs of high-income families. For the housing market, having schools in place can help supplement living functions, but surrounding housing prices are still the result of a combination of conditions such as transportation, location, housing age, and housing products.