A public-led urban renewal project on Ande Street in New Taipei City's Xindian District has secured the agreement of 96% of residents, with an investment value of about NT$2.8 billion — positive news for property owners in the area and for developers looking to enter the market.

• The site covers roughly 1,975 ping in the Ankang Road Section 2 commercial district, and will be carried out through a rights conversion arrangement.
• A draft of the tender documents is open for public inspection from today until the end of August, with investors being publicly sought.
• Some of the older buildings tilted and had rebar exposed after the April 3, 2024 earthquake, making the need for safety improvements clear.
• Proximity to the Ankeng Light Rail, Cardinal Tien Hospital and Ankang Forest Park makes local amenities a selling point in the tender.
• Plans call for street-front shops, setback sidewalks and a corner plaza, preserving the existing flow of commercial foot traffic.

Outlook: Once the inspection period ends, the tender terms will be finalised and the project will be formally put out to tender to find a developer-investor.