Yonghe Dingxi Urban Renewal Contract Signed, Hanhuang to Invest NT$20 billion

The New Taipei City Government and the Hanhuang Group signed on November 3 to launch the Yonghe Dingxi MRT-area urban renewal project. The site is next to Exit 2 of Dingxi Station and covers 1.67 hectares. It includes the Yonghe Grand Theater at 7 Wenhua Road, a cherished memory for many longtime Yonghe residents. The theater opened in 1967 with Jade and Diamond auditoriums. After it closed in 2001, the space was converted to house a 7-Eleven and an Italian pasta restaurant.

Hanhuang Vice Chairman Sun Ding-hsiang said the owner of the Yonghe Grand Theater site is the largest landowner in the area and is willing to support the urban renewal plan. The developer plans to invest about NT$20 billion to build a mixed-use landmark with 35 floors above ground and 6 below, providing about 1,400 residential units. The site currently has 395 households and nearly 450 property owners, and the ownership situation is complex. The company has set up an urban renewal workstation to consolidate the land, and construction is expected to start as early as the third quarter of 2031.

Chen Ping-chen, spokesperson for Living Property magazine, said Yonghe has a dense population and limited buildable land, so new projects are scarce, and only large-scale urban renewal can drive development. Recent key projects such as Hanhuang River Sky, M PLUS, and Yousuo Fenghe are all urban renewal projects. Sale activity in the Dingxi Station commercial area has been active in recent years, and the highest unit price for the 2024 landmark project Dingxi Dayuan has surpassed NT$1 million.