TAIPEI (Taiwan News) — Real estate experts say Nvidia's choice for its Taiwan headquarters has ample land, convenient transportation, and potential for industrial clustering, making it an ideal location.
On Monday, Nvidia CEO Jensen Huang (黃仁勳) announced that he has selected Taipei’s Beitou-Shilin area for the new headquarters, dubbed "Nvidia Constellation." Industry insiders say the firm is looking at building its base in the Beitou Shilin Science Park (BSTP) on two plots of land designated as T17 and T18 owned by Shin Kong Life Insurance, per CNA.
Chen Ping-chen (陳炳辰), spokesperson for My Housing Magazine, told CNA that the BSTP is a key area in Taipei’s latest urban development plans. With nearby access to Zhishan MRT Station, major roads, and proximity to older commercial zones, it is set to undergo development, making it a popular option for major projects.
Chen said that besides the large land parcels that meet Nvidia’s scale requirements, the area offers strong potential for growth. Property prices have already shown an upward trend, with new listings averaging NT$1.1 million (US$36,000) per ping (3.3 square meters), and top listings exceeding NT$1.4 million.
Hsu Chia-hsin (徐佳馨), executive director of the planning and research office at Sinyi Realty, said that Nvidia’s decision to choose BSTP likely hinged on the area’s development potential, transportation convenience, and strong support from the local government. Given Nvidia’s business model and status in the tech industry, its move is expected to accelerate the completion of Taipei’s final tech park puzzle piece, injecting new energy into the Beitou and Shilin housing markets.
Hsu said new housing projects in the area are currently limited, with many major developers holding off on launching projects since the housing market slowed in the second half of 2022. Nvidia’s announcement may help absorb existing inventory and even spark a new wave of real estate momentum.
Chang Hsu-lan (張旭嵐), director of the trend center at Taiwan Realty Estate Co., said the reported location, the Ruanqiao section of BSTP, covers nearly four hectares and has yet to break ground, leaving plenty of room for flexible development. Since the Taipei City Government owns the land and currently involves only one developer, Chang said coordination and planning should be relatively smooth.
The Ruanqiao section is also close to stations on the MRT Red Line and benefits from the existing amenities in nearby neighborhoods like Mingde and Zhishan.
