Kaohsiung’s Asia New Bay Area is attracting banks and family-office services, but it is too soon to conclude that the financial push has already transformed the local property market.

The city will announce rental details on July 27, and applications will be accepted from Aug. 6 to Aug. 25. Applicants must be adult ROC citizens who either have household registration in Kaohsiung or study or work in the city. Household members must not own a home in Kaohsiung, and the average monthly income per household member must not exceed NT$59,395.

The average number of registered residents per home fell to a new low of 2.77 during the first quarter of 2026, reflecting Kaohsiung’s declining population and changing household structure.

Jhongjheng Road was once known as Kaohsiung’s “financial street,” Mayor Chen said. The city hopes the redevelopment, together with nearby projects, will help revive the old city center and strengthen demand for A-grade office space. The former council building was completed in 1966 and served as an important site for Kaohsiung’s local politics before the 2010 city-county merger. After the merger, the city council moved to its current location in Fongshan District (鳳山).

By KHT Staff. Images via 高都觀測站. KAOHSIUNG — A Facebook post documenting demolition at the former Kaohsiung Ambassador Hotel (高雄國賓大飯店) has renewed…

Ciaotou District (橋頭區) recorded the city’s fastest household-density growth, reaching 747 households per square kilometer, up about 11.2% over the past three years.

The center said the project includes studios, two-bedroom units, and three-bedroom units. Online applications are open through June 22, with a public lottery scheduled for Sept. 17. The earliest move-in date is expected to be Dec. 1.

Deputy Mayor Lin Chin-rong (林欽榮) said the project is intended to meet rising demand from semiconductor professionals as TSMC’s facilities in Nanzih move forward.

The government aims to finalize all environmental and urban planning reviews by the end of 2026, with the goal of starting physical relocation in 2027.

Analysts say Taiwan’s housing market is entering a period of adjustment. Future market performance is expected to depend more heavily on migration patterns and industrial development, with regional disparities likely to widen.