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Kaohsiung's 2020 Currant Land Value has Risen by an Average of 0.32% and Kaohsiung's 2020 Currant Land Price has Risen by an Average of -0.43%
Date:2019-12-20

After evaluating the various influencing factors and market trends, the Land Price and Standard Land Price Evaluation Committee has reviewed and approved Kaohsiung's 2020 current land price and re-regulated land price on December 20, 2019. In 2020, Kaohsiung's current land value has risen by an average of 0.32%, accounting for 90.54% of the average normal transaction price. Its current land price has risen by an average of -0.43%, accounting for 23.79% of the general normal transaction price.

Director Chin-Hsiung Huang of the Land Administration Bureau, Kaohsiung City Government, indicated that the current land value reflects the real estate market dynamics and construction achievements. Due to the low profit environment and sufficient market capital in Kaohsiung's real estate market as well as its low real estate prices and rigid demand, the real estate transaction price still has support, and the 2020 current land value increased slightly. The key adjustments focused on the areas surrounding demolished land bridges after railway undergroundization, the newly developed rezoning areas, as well as the changed zones permitted for non-urban land development. Due to the impact of land use control, the current land value has been increased, but most of the remaining areas have remained unchanged.

In addition to the market fluctuations; the socio-economic conditions, people's tax burden capacity, and the balance between sectors are also major considerations for current land price adjustment in 2020. The city government has slightly lowered the current land price for some industrial lands this year to attract investments, energize the industry, and promote economic development. For the city's earlier developed areas and some of the traditional market areas, the land price is slightly adjusted due to commercial center transfers, the rise of e-commerce, and environmental development factors. Moreover, to balance the regional land prices, factors such as shortening the gap between the current land price of each administrative region and the current land value are taken into consideration, which is reflected in the current land price at regions with higher current land value. Overall, the current land price in 2020 declined slightly. The statistics indicated that the number of zones where the current land price remained flat accounted for 84.68%, the declined zones accounted for 10.28%, and the current land price has risen by an average of -0.43%.

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