Revisions of an urban development project that will help address housing problems and check soaring real estate prices in northern Taiwan were approved Feb. 4 by the Council for Economic Planning and Development.
“The proposed changes will add access roads, affordable or social housing and public infrastructure while attracting investment to spur development in the 1,700-hectare-plus project,” a CEPD official said.
Proposed by the ROC Ministry of the Interior and approved by the Cabinet in 1992, the project aims to construct medium-density accommodation in New Taipei City’s Danshui District. Implemented by the MOI Construction and Planning Agency, the development will go someway toward satiating heightened housing demands in northern Taiwan.
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