New Taipei City Repurposes 423 Public Assets for Social Housing and Childcare, Saving NT$53.5 Billion Over 8 Years
New Taipei City has consolidated its public real estate, repurposing 423 spaces over 8 years and saving NT$53.5 billion. Mayor Hou Yu-ih stated that future efforts will prioritize social housing, public childcare, and day care centers to reduce living costs for citizens.
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- 📰 Published: May 27, 2026 at 15:26
- 🔍 Collected: May 31, 2026 at 23:43 (104h 17m after Published)
- 🤖 AI Analyzed: June 2, 2026 at 01:03 (25h 20m after Collected)
Central News Agency, New Taipei, May 27. The New Taipei City Government announced today that by consolidating and adjusting municipal real estate, it has revitalized 423 spaces over the past 8 years, saving NT$53.5 billion. Mayor Hou Yu-ih stated that future investments will prioritize public services such as youth social housing, public childcare, and day care centers to reduce the cost of living for citizens.
Chen Jung-kuei, Director of the New Taipei City Finance Bureau, reported on the 'Results of Municipal Real Estate Adjustment' at the municipal meeting, stating that New Taipei City has adjusted an average of about 60 spaces per year in recent years. This includes inventorying surplus classrooms in schools to set up public childcare centers and 'small-scale workshops for the disabled,' as well as integrating public welfare facilities such as elderly care and community-based day care centers into MRT station developments.
Chen said that through public-led urban renewal and the revitalization of government buildings, the city has not only improved office environments but also increased public service facilities. In the future, spaces returned from public urban renewal projects will continue to support transitional housing, social housing, and rental management policies.
Facing the dual challenges of increasing demand for public infrastructure and limited fiscal resources, he stated that by coordinating resources through the 'Financial Revenue and Expenditure Joint Review Group,' the city has adjusted a cumulative 423 spaces over 8 years, demonstrating the results of cross-departmental integration.
Mayor Hou Yu-ih stated that in response to extreme climate, urban resilience, and the challenges of a declining birth rate, the adjustment of municipal assets will prioritize support for youth social housing, affordable public childcare, and all-age day care centers. Under the framework of low-carbon sustainability and smart governance, the city aims to provide affordable and high-quality public services to reduce the pressure on citizens' lives.
In addition, Hou mentioned in an interview that the NT$53.5 billion in benefits created by revitalizing idle spaces and other public assets in New Taipei City has been mostly used in areas most needed by citizens, such as care for the disadvantaged, public childcare, public kindergartens, day care centers, and youth entrepreneurship.
Chen Jung-kuei, Director of the New Taipei City Finance Bureau, reported on the 'Results of Municipal Real Estate Adjustment' at the municipal meeting, stating that New Taipei City has adjusted an average of about 60 spaces per year in recent years. This includes inventorying surplus classrooms in schools to set up public childcare centers and 'small-scale workshops for the disabled,' as well as integrating public welfare facilities such as elderly care and community-based day care centers into MRT station developments.
Chen said that through public-led urban renewal and the revitalization of government buildings, the city has not only improved office environments but also increased public service facilities. In the future, spaces returned from public urban renewal projects will continue to support transitional housing, social housing, and rental management policies.
Facing the dual challenges of increasing demand for public infrastructure and limited fiscal resources, he stated that by coordinating resources through the 'Financial Revenue and Expenditure Joint Review Group,' the city has adjusted a cumulative 423 spaces over 8 years, demonstrating the results of cross-departmental integration.
Mayor Hou Yu-ih stated that in response to extreme climate, urban resilience, and the challenges of a declining birth rate, the adjustment of municipal assets will prioritize support for youth social housing, affordable public childcare, and all-age day care centers. Under the framework of low-carbon sustainability and smart governance, the city aims to provide affordable and high-quality public services to reduce the pressure on citizens' lives.
In addition, Hou mentioned in an interview that the NT$53.5 billion in benefits created by revitalizing idle spaces and other public assets in New Taipei City has been mostly used in areas most needed by citizens, such as care for the disadvantaged, public childcare, public kindergartens, day care centers, and youth entrepreneurship.
FAQ
What is the goal of New Taipei's asset repurposing?
To save fiscal costs and expand public services.