Kuo Jian Buys Land in New Taipei's Taishan Land Readjustment Area for NT$1.229 Billion
Kuo Jian spent NT$1.229 billion to buy about 1,118 ping of land in the Wenzaizhen land readjustment area in Taishan, New Taipei, at a sale price of NT$1.1 million per ping.
- Kuo Jian spent NT$1.229 billion to buy about 1,118 ping of land in the Wenzaizhen land readjustment area in Taishan, New Taipei, at a sale price of NT$1.1 million per ping.
- The land is expected to be allocated in 2027. There is currently no development plan, and later arrangements will be adjusted according to the progress of the readjustment.
- Amid tightening property credit, well-capitalized developers remain optimistic about the long-term potential of readjustment areas and are securing future project sites early.
On the 22nd, Kuo Jian publicly announced its acquisition of building land in Guiren Section, Taishan District, New Taipei City. The land covers 1,118 ping, the transaction value is NT$1.229 billion, and the average price is NT$1.1 million per ping. The sellers are four individuals. The property is located within the Wenzaizhen land readjustment area, but Kuo Jian said it currently has no specific development plan and will decide on a direction after the readjustment is completed and as the market changes.
The Wenzaizhen land readjustment area spans Xinzhuang and Taishan, and is close to the Airport MRT and the Xinzhuang sub-city center. With its large expanse of land and proximity to well-established neighborhood amenities, it is expected to become a major source of housing supply in New Taipei City. However, the readjustment area must still go through land allocation and the construction of public facilities, so from acquiring land to actual development and market launch, patience is still required.
With property credit controls strengthened and banks tightening mortgage policies, developers are more cautious in buying land, paying particular attention to land costs and the future sales appeal of their products. Compared with projects that are imminent, some listed developers are choosing to stake out sites early in readjustment areas with medium- to long-term growth potential, in order to build up development capacity for the future.
Original：聯合新聞網 · We only post summaries and key points. Read the original for the full story.
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