North Taiwan housing market sees 26% annual drop in new projects

台灣北部房市交易新項目數量較去年同期下降26%。

TAIPEI (Taiwan News) — Residential project launches in northern Taiwan fell 26.1% year-on-year in 2025, housing research firm MyHousing said Thursday.

Chen Ping-chen (陳炳辰), director of MyHousing’s research division, said last year’s housing market in Taiwan was challenging, per CNA. High-priced projects and certain market segments faced particularly difficult conditions, he said.

He said the decline in total project volume among the region’s top 10 developers was smaller than expected, with overall project values exceeding NT$351 billion (US$11 billion). The figure surpasses NT$321 billion in 2023, reflecting the capacity of well-capitalized developers to proceed with large-scale projects as planned.

Key drivers included brand reputation, prime locations and projects that could no longer be postponed, which encouraged developers to move forward despite market weakness.

Pau Jar maintained its position as the leading developer in northern Taiwan for the eighth consecutive year, based on the total value of residential projects introduced. The company launched projects worth NT$98.3 billion, down more than NT$30 billion from the previous year.

Pau Jar rolled out 33 developments, roughly one-third fewer than the previous year, yet stayed well ahead of competitors. Taoyuan accounted for about 70% of its new launches, while its largest development was a more than NT$10 billion project in New Taipei’s Wenzizhen redevelopment zone.

Second-ranked Yuanli continued its Muzha project series in Taipei’s Wenshan District. The second phase is expected to generate around NT$40 billion in sales.

JSL Construction and Development and Shin Ruenn Development ranked third and fourth. Project volumes exceeded NT$30 billion each.

JSL launched four projects in New Taipei’s Sanchong and Banqiao districts. Two major developments in Sanchong were valued at more than NT$10 billion each.

Shin Ruenn Development launched large-scale projects in New Taipei’s Linkou and Taoyuan’s Dayou, each valued at more than NT$10 billion. Sales for these projects were reportedly strong.