Sky-high real estate prices in Taipei have routinely made the news, but Keelung’s MiaoKou Night Market area is giving Taipei a run for its money.
The bustle of Keelung Miaokou Night Market has driven the development of the surrounding areas for the past 28 years. Experts analyze that real estate prices will increase by another 1.16% in 2025, reaching roughly NT$175,000 (approximately US$5,350) per Taiwan Ping or nearly NT$53,000 (about US$1,620) per square meter.
The MiaoKou district is a one-stop convenient neighborhood for eating, drinking, shopping, and having fun, with many shops and vendors offering their wares and services. However, businesses have to bear the expensive rent that comes with operating in the area.
One vendor says how it would be cheaper to set up at a vegetable market further away, but the crowds in MiaoKou are worth the extra cost.
Taiwan Real Estate Trend Center senior manager Chen Ding-chung (陳定中) details that Keelung is divided into more than 2,700 sections and more than 80% are showing an upward trend. Looking at the entire city, the average increase in land value will be 2.18% in 2025.
Urban development such as the construction of the new mass rapid transit system (MRT) and projects launched by many industry players have also spurred the changes in land prices. According to real estate market forecasts, it seems Keelung is cashing up to Taiwan’s capital city.