Taiwan industrial land prices jumped in 2024, fueled by growing global demand for semiconductor and AI-related infrastructure. A new report from a real estate consultancy confirmed this upward trend, based on transaction data from 15 major industrial zones.
Guishan in Taoyuan saw the biggest surge, with land prices rising 28 percent year-on-year. Tucheng in New Taipei followed with a 16 percent increase. Tainan’s Yongkang Technology Industrial Park posted a 13 percent gain.
A property market expert noted that northern Taiwan faces a serious supply shortage. As a result, companies have begun expanding into southern regions. This expansion has pushed Taiwan industrial land prices even higher across Tainan and nearby cities.
In New Taipei Industrial Park, prices per ping (3.3 square meters) ranged from NT$950,000 to NT$1.1 million. This zone remains the only one to cross the NT$1 million mark. Northern Taiwan’s industrial zones now start at NT$350,000 per ping. In New Taipei City, the floor price has already reached NT$450,000.
The rising prices connect to Taiwan’s growing importance in global supply chains. In 2024, industrial property transactions totaled NT$153.8 billion. Of that total, NT$108.5 billion came from the purchase of existing factories, offices, and logistics warehouses. The remaining NT$45.3 billion came from raw land deals.
Firms are buying operational facilities to increase production quickly and boost output efficiency. This strategy has made developed industrial assets more attractive than raw land in many cases.
Taiwan’s role in the global supply chain became stronger during the first wave of the U.S.-China trade war. Between 2017 and 2021, many companies moved operations away from China and into Taiwan. That migration led to a five-year real estate boom in Taiwan’s industrial zones.
However, experts warn that global conditions are changing again. With the potential return of Trump to the U.S. presidency, tariff adjustments could reshape global manufacturing patterns. Many countries are already revising their strategies to reflect this uncertainty.
Despite these risks, Taiwan industrial land prices remain high as tech firms continue to view Taiwan as a secure investment. Analysts expect this demand to hold strong as long as Taiwan leads in semiconductors and AI development. If global trends stay favorable, Taiwan industrial land prices could rise even further in the coming year.
