Banxin Station MRT Development Begins Construction: NT$6.04 Billion Investment, 38 Floors Above Ground

A groundbreaking ceremony for the New Taipei Circular Line Banxin Station (Y15) MRT development was held on November 12, 2026, attended by New Taipei Mayor Hou Yu-ih, the Metro Engineering Bureau team and investor Fuhwa Group. Data compiled by SET News Fu Fang Wang shows the building sits on a 1,392-ping site with an investment of about NT$6.04 billion. It uses an all-steel-frame structure, with 6 floors excavated below ground and 38 floors above, for a total floor area of more than 20,000 ping, and is expected to be completed in 2030.

In terms of floor layout, parking occupies basement levels 1 to 6, floors 1 and 2 above ground are an urban shopping mall, floor 3 connects to the MRT entrance circulation path, floors 4 to 8 are offices, and the residences are on floors 9 to 38. The building also includes a residents' activity center of about 126 ping. The New Taipei City Metro Department said the building is expected to bring about 1,100 jobs once it opens.

Hou Yu-ih said Banxin Station is the largest MRT development in Banqiao District, and that one stop on the Circular Line from the station reaches Banqiao Station, where three rail systems are linked. He said green belts and park plazas will later connect the neighboring buildings, and together with existing facilities such as the Fuhwa Le Méridien Hotel, the scale of the city block will be nearly 5,000 ping.

Fuhwa Group Chief Operating Officer Li Wu-chun said the Banxin Station project is expected to launch in the 928 sales window in 2027. Total sales value and launch prices have not yet been finalized, but given the location and specifications, the company hopes to challenge Banqiao's record price. The residences will be small to mid-sized units, with 1- to 3-bedroom products, on a timeline in the second half of 2027. Li Wu-chun noted that the going price of the benchmark luxury project in the Xinban Special District has reached NT$1.2 million per ping, and that the Banxin Station project, right next to the Fuhwa Le Méridien Hotel, could challenge a new district high. Ho Shih-chang, CEO of Xinchuan Real Estate Think Tank, said many new projects in Banqiao have already priced above NT$1 million per ping, with some reaching prices of NT$1.2 million or more. He believes Banxin Station is a prime location and that its launch price could indeed set a new district record.

Hou Yu-ih said New Taipei City has 37 MRT transit-oriented development (TOD) projects, of which 13 have found investors: 2 completed, 4 under construction, 5 applying for permits and 2 in detailed design. Together, these 13 projects are estimated to bring in about 53,000 residents, provide 43,000 jobs and generate about NT$327 billion in investment opportunities.