TAIPEI (Taiwan News) — Hsinchu has emerged as a real estate market hub, with housing prices and bank deposits rising steadily over the past decade, driven in part by the Hsinchu Science Park and an influx of high-tech professionals.
Data from Taiwan’s real-price registration shows that the average price of new housing in Hsinchu reached NT$577,000 (US$18,688) per ping (3.3 square meters) this year, up from NT$230,000 per ping in 2016. In Hsinchu County, the average price climbed to NT$463,000 per ping, marking a 10-year increase of roughly 120%, according to CNA.
Bank deposits in the region have grown alongside property values.
As of June, combined deposits for the city and county in Hsinchu reached NT$2.5 trillion, up 81.9% over the past decade. Hsinchu alone saw deposits rise to NT$1.2 trillion, making it the only city in Taiwan where total deposits doubled during this period.
Great Home Realty’s Lai Chih-chang (賴志昶) said areas like Zhubei and Baoshan have benefited from the presence of the science park, attracting high-tech workers and supporting housing demand. Limited land availability for new development in Hsinchu has further contributed to rising property values.
The trend in Hsinchu mirrors a broader national pattern. Over the past decade, Taiwan’s average new housing price increased from NT$271,000 per ping to NT$556,000 per ping.
Total bank deposits nationwide reached NT$62.4 trillion as of June, a 60% increase over the past decade. Deposits are heavily concentrated in the country’s six largest municipalities, with Taipei at NT$24.3 trillion, New Taipei at NT$7.6 trillion, and Taichung at NT$6.2 trillion, ranking as the top three.
Lai added that factors such as the return of Taiwanese businesses and growth in the artificial intelligence and semiconductor sectors have supported higher deposits and housing activity. Rising post-pandemic construction costs and higher land prices have also influenced the market, particularly in areas with a strong tech-industry presence.
HB Housing's Hsu Chia-hsin (徐佳馨) noted that recent mortgage restrictions and regulatory measures have tempered demand for higher-value properties. Even in tech-driven regions, the market has shown signs of stabilization, prompting potential buyers to consider local trends carefully before making decisions.
