Zhifu Road area has most expensive homes among Taipei’s lanes

Taipei-A lane off Zhifu Road (???) in Zhongshan District’s Dazhi in Taipei currently has the most expensive homes in any of the lanes in the capital city, the most closely watched property market in Taiwan, Great Home Realty said Wednesday.

In a statement, the real estate agency said the average price of residential property on Lane 286, Zhifu Road, had hit NT$1.584 million (US$55,971) per ping (one ping equals 3.3 square meters) on average as of the end of 2020, the highest in Taipei.

Lang Mei-nan (???), a research manager of Great Home Realty, said in the statement that many luxury homes are located in relatively small lanes of Taipei, hidden and quiet, rather than on wide thoroughfares through the city.

Zhifu Road is close to the Jiannan Road MRT station, with the Miramar Entertainment Park nearby.

Lang said that home prices on Lane 286 of Zhifu Road were largely boosted by the presence of Sherwood Residences, home to many celebrities such as Morris Chang (???), founder of contract chipmaker Taiwan Semiconductor Manufacturing Co., as well as the Tsai Family of Fubon Group, one of the largest financial groups in Taiwan, and Matthew Feng-chiang Miau (???), chairman of electronics distributor Synnex Technology International Corp.

After Zhifu Road, homes in Lane 200, Songde Road in Xinyi District commanded the second-most-expensive prices in Taiwan, with an average price of NT$1.532 million per ping, Great Home Realty said. Lang said the lane houses the prestigious Kindom Xinyi residential property, which has become the benchmark for home prices in the neighborhood.

Lane 630, Beian Road, also in Zhongshan District, came in third with an average price of NT$1.364 million per ping, ahead of Lane 91, Xinyi Road Section 5 (NT$1.363 million per ping) and Lane 12, Qingtian Road in Daan District (NT$1.22 million per ping), Great Home Realty said.

Lang said many homes in Daan District, which has a larger population and appeared relatively crowded, were built years ago so there has been limited room for property prices to grow, while Zhongshan and Xinyi districts have relatively new luxury homes with potential for prices to grow.

Source: Focus Taiwan News Channel