TAIPEI (TVBS News)—The TPASS commuter monthly pass celebrated its first anniversary, boosting the real estate market around particular Taiwan Railways Administration (TRA) stations. According to a real estate company, the increased convenience and connectivity attributed to TPASS have driven up transaction volumes and housing prices.
Yungching Real Estate Agency announced Monday (July 8) that residential properties within 1,000 meters of TRA stations, such as Xike Station (汐科車站) and Banqiao Station (板橋車站), saw significant sales. Xike Station and Banqiao Station averaged more than one transaction per day, showing a marked increase in sales.
Housing prices around Zhongli Station (中壢車站), Taipei Station (台北車站), and Neili Station (內壢車站) have risen more than 10% since TPASS was introduced. Xike Station led in transaction volume with 385 units sold, a 12.2% year-over-year increase compared to the same period in 2022 when TPASS had not yet been implemented.
Chen Chin-ping (陳金萍), deputy manager at Yungching Real Estate Agency, highlighted Xike Station's strategic advantage. Chen said it takes about five minutes to get from Xike Station to Nangang Station by TRA. The area's average housing price is relatively affordable compared to Nangang, making it attractive for homebuyers, especially with the upcoming completion of the MRT Xidong Line.
Banqiao Station ranked second in transaction volume with 362 units, a 20.7% increase compared to the pre-TPASS period. Banqiao is a significant political and economic hub in New Taipei City, offering comprehensive amenities and connections to TRA, high-speed rail, and the MRT.
As TPASS continues to enhance commuter convenience, the real estate market around TRA stations is expected to remain robust, potentially attracting even more buyers in the future.