Supply small peak is coming, further consolidating the value of the core area

This article is reprinted from: Shanxi Evening News

In 2026, more than ten new projects will enter the Taiyuan real estate market

A small peak in supply is coming, further solidifying the value of core areas

At the beginning of 2026, the Taiyuan real estate market welcomes a rare period of active supply in recent years, with not only 12 parcels of land listed for sale at once but also news of Greenland Central Plaza resuming work and the announcement of an investment plan of nearly 500 million yuan for the Xiqiao project in the Xiaodian District. Through these dynamics, the supply profile of the new housing market in Taiyuan for 2026 is gradually becoming clear. This round of real estate supply exhibits a distinct feature of “diversified types and solidified regional value,” with urban renewal projects being activated in bulk, state-owned and central enterprises leading development, and the acceleration of product iteration, signaling a small peak in supply in the Taiyuan new housing market that has been quiet for two years. From dimensions such as project types, development entities, and value logic, the pattern and trends of the properties waiting to enter the market in Taiyuan in 2026 can be clearly outlined.

Three types of products build the supply matrix In 2026, the supply structure of the new housing market in Taiyuan shows a diversified trend, with three major categories of products: urban renewal, emerging sectors, and extensions of large projects forming the supply matrix.

In terms of urban renewal, the land market in March is dominated by urban redevelopment, with the advancement of projects in Shagou, Nantun, and other areas marking a substantial supply stage for urban renewal in the core areas of Taiyuan. Industry insiders indicate that the initiation of these projects will supplement the scarce housing products in the old city area. The urban village redevelopment project in Nantun Village, Wanbailin District, has parcel 18 listed for sale, with a planned use for residential and compatible commercial purposes; similarly, in Wanbailin District, the Shagou urban village redevelopment project parcel 004 is also listed, including residential, commercial, and childcare facilities; while parcel 4 of the staff village relocation project in Xinghualing District has also appeared on the sale list this round, planned for residential and compatible commercial and childcare uses. Industry insiders analyze that the concentrated release of land will provide a considerable supply of commercial residential properties for the real estate market in 2026, with many urban redevelopment projects expected to revitalize numerous core areas in Taiyuan again.

The Fendong Business District and the Comprehensive Reform Zone have become important battlegrounds for supply in emerging sectors. In February, the Xiqiao project in Xiaodian District announced its bidding plan. According to its content, this project is located east of Renmin West Road and north of Metro Line 8, covering an area of approximately 30 acres, with a total investment of 494.58 million yuan, proposing a total construction area of about 70,000 square meters, planning to build 5 residential buildings and 1 supporting commercial building. The project also plans to include a senior day care center, cultural activity room, police room, public toilets, heat exchange station, and pump room as supporting facilities, with a planned design height of 80 meters. Industry insiders analyze that the geographical location of the Xiqiao project within the Fendong Business District is quite advantageous, being close to the Xiqiao Station of Metro Line 2, with convenient transportation and complete surrounding medical and commercial facilities. The initiation of this project will further enhance the residential function of the Fendong Business District. Additionally, in December last year, Poly successfully acquired parcel SWP-2551 with a premium of over 51%, which is a rare premium parcel in the provincial capital’s land market in recent years. It is located in Lijiacun Village on the east bank of the Fenhe River, near Metro Line 2, and is a parcel with “landscape luxury housing” qualities in the Comprehensive Reform Zone.

In addition to the completely new projects mentioned above, there are also new changes in follow-up parcels or surrounding parcels of existing market projects, which are expected to add new products to the provincial capital’s real estate market in 2026. In November last year, the planning adjustment for Rongxin Shiguang City was announced, with the Taiyuan Administrative Approval Management Bureau releasing the public notice for the construction engineering planning design scheme for the urban village redevelopment projects BYS01, GD03, and NW12 at Baiyangshu Village, Gudan Village, and Nanzhuo Village (adjusted). The total construction area of the project has been increased to 494,000 square meters, with the number of households increased to 3,519. As a well-known large-scale project in the northern city, Rongxin Shiguang City includes diverse formats such as residential, commercial, and basement. The products of this planning adjustment comply with the new regulations for residential construction. Near Fuli City in the northern city, in December last year, the SWP-2518 parcel, which had experienced multiple unsuccessful bids, was finally successfully sold. According to industry insiders, this parcel is reserved for future development during the urban village redevelopment of Dunhua Lane. “From a location perspective, this land is nestled between several residential communities in Fuli City, on the east side of Fuli City No. 8 Courtyard, on the west side of Fuli Peach Garden, and north of Fuli City No. 8 Courtyard West District. Residents in the area refer to it as ‘the remaining land of Fuli City.’” Industry insiders indicated that this parcel was ultimately won by Taiyuan Yuxiuyuan Real Estate Development Co., Ltd., and it will be a brand new development independent of Fuli, but because it is adjacent to this large community, it can share all the mature facilities.

State-owned and central enterprises remain the main developers In the current market environment, different development entities have their own focus. In the central enterprise camp, companies like Poly, China Resources, and Jinmao continue to delve into the mid-to-high-end improvement market; in the state-owned enterprise camp, Shanxi Construction Investment leads strongly; other real estate companies are making localized breakthroughs through construction agency, commercial projects, and cooperation.

As a central enterprise that has consistently maintained a leading position in the Taiyuan market, Poly continues to deepen its layout in Taiyuan. The Poly Longcheng Puyue project, located at the intersection of Longcheng Avenue and Pingyang South Road, is continuously progressing. This project is Poly’s improvement-type residential offering in the Longcheng Avenue sector. Among them, the commercial building No. 1 was approved for a pre-sale permit in January 2026, with an expected delivery in December 2026. Residential buildings No. 1 to No. 5 are scheduled to be delivered within this year, and the new model rooms have been opened, set to be on sale in April. Additionally, Poly’s new land parcels on Tongda Street and Lijiacun in Xiaodian District will also make their debut this year. Especially noteworthy is the Lijiacun parcel in the Shanxi Comprehensive Reform Zone, which has a premium rate of over 50%, with a floor price exceeding 4,000 yuan/square meter, fully demonstrating developers’ optimism about this area. The layout of China Resources in Taiyuan is also worth noting, with two high-density parcels in the Yangjiabao area expected to start this year. This is one of the most anticipated projects in the provincial capital in 2026. Jinmao’s new land parcel on Longcheng Avenue will also enter development.

As for state-owned enterprises, Shanxi Construction Investment has become one of the most land-acquiring real estate companies in the Taiyuan market in the past six months, demonstrating the commitment of state-owned enterprises to stabilize the real estate market. In December 2025, Shanxi Construction Investment Real Estate successfully acquired parcel number SWG-2528 for 244.6 million yuan, which is widely believed to be the land for the second phase of the Jianti Poetry Fenhe project. Since entering the market in July 2024, the first phase of Jianti Poetry Fenhe has achieved cumulative sales of over 1 billion yuan, becoming a phenomenon-level hot property in the Taiyuan real estate market. Industry insiders indicate that with the new regulations for construction in Taiyuan in 2025 and the promotion of the “Good Houses” policy, the second phase of Jianti Poetry Fenhe will usher in a product upgrade, likely transitioning to improvement-type housing, with high space efficiency and an increase in comfortable large flat layouts. Earlier, in July 2025, Shanxi Construction Investment also acquired the SWP-2528 parcel on Longcheng South Street, which is adjacent to Longcheng Avenue and Malianying Road’s main roads, with a plot ratio of only 2.5, planning to develop low-density small high-rise products, creating high-quality residential housing.

Against the backdrop of state-owned and central enterprises leading the way, some brand real estate companies are achieving local breakthroughs through construction agency and the restarting of old parcels. Local real estate projects also have new updates. In February this year, Jindi Management signed a construction agency contract for the Millennium Huaxiang Lish project in Xiaodian District, which has been stagnated for over ten years and is now seeing a turnaround. Additionally, there are new updates on the Jindi Future Cloud Phase II project, with the planning scheme for the Dongshe Village urban village redevelopment project in Wanbailin District publicly adjusting its plan in March, with the parcel won by Shanxi Dongya Real Estate Development Co., Ltd., which will be developed as part of Jindi Future Cloud’s later projects. Yuanda Central Park is expected to launch new products in 2026. According to the public announcement of the planning design scheme released in March, the project’s product plan has been readjusted from 2,249 households to 1,446 households, with the average household area increasing from 115 square meters to 168 square meters, and will be launched to the market with a new positioning. Shixin Shiguangli obtained a pre-sale permit at the end of last year and officially opened in January this year, with some buildings showing a delivery time of the end of this year on intermediary platforms.

Several popular districts in the provincial capital each have highlights As new products are about to enter the market, various popular districts in Taiyuan present different development trends, each with highlights under this round of supply wave.

For many years, the high-end projects in the Changfeng and South Inner Ring West districts have formed a pattern. The work report of the Wanbailin District Government in 2026 clearly stated the revitalization of the Greenland Central Plaza project, aiming to create a high-quality central business district on the west bank of the Fenhe River. In February this year, the long-stagnated Greenland Central Plaza (now named Taiyuan Greenland Waterfront Center) obtained a pre-sale permit, launching buildings No. 1 to No. 4 at once, along with commercial podiums and underground parking, totaling 1,768 residential units. Industry insiders indicate that according to media reports, the project is expected to resume full construction in April, and the restarted project will create an urban complex integrating high-end hotels, Grade A office spaces, and boutique commercial offerings, further solidifying the high-end residential value in the region, while projects like Nantun urban redevelopment will alleviate the demand for high-end residential properties in the area.

In 2026, another highly anticipated hot area is the Jinyang Lake sector. During the recent concentrated release of land, the concept of “supporting facilities first” is particularly evident in this area, with not only reserved parcels for primary and secondary schools but also large areas of residential parcels compatible with commercial use. “The Jinyang Lake sector has transformed from a purely lakeside resource into a comprehensive urban area.” Industry insiders analyze that in 2026, several projects in the Jinyang Lake area are worth looking forward to. First is the Yangguang Fenhe Bay, where in November last year, the Taiyuan Administrative Approval Management Bureau released the public notice for the construction engineering planning design scheme for areas E and F, with a higher space efficiency and clear product optimization. It is reported that this project will be entrusted to Jindi Group for construction, and is expected to enter the market in September. Additionally, there is the Guotou Jinhuyalan project, which released the tender announcement for the decoration project in March, indicating that it is not far from formal listing. Along with existing projects like Haishangfu and Vanke Xihu Yinxiu, the Jinyang Lake area remains a key region for housing supply in the provincial capital.

Another hotspot area is Longcheng Avenue, with products covering top luxury, high-end improvement, first-time improvement, and apartment-type products. This year, in addition to the aforementioned new products from Poly Longcheng Puyue, Shanxi Construction Investment, and Jinmao, there is also a guaranteed housing project called Lihua Longcheng Tianrui. Lihua Longcheng Tianrui obtained its “Construction Engineering Planning Permit” in January 2026, planning to build 13 residential buildings, with a total construction area of approximately 154,000 square meters, representing a sizable community. The project has now entered the construction and supervision bidding phase, with the next step being the commencement of construction. This project is adjacent to high-end projects like Poly Longcheng Tianjun and Longcheng Jinmao Mansion, with a plot ratio of 2.34 and a green space rate of 35%, ensuring the reasonable layout of the project’s building density and public spaces.

“Good Houses” new standard products are fully entering the market Overall, in 2026, the Taiyuan real estate market will experience an active supply period, with more than ten new, iterative projects expected to enter the market, which industry insiders generally believe will have a significant impact on the provincial capital’s housing market.

In recent years, the overall supply of the provincial capital’s housing market has been insufficient, and there has been a “supply-demand mismatch”: on one hand, newly built commercial residential properties aimed at first-time buyers with controllable total prices are indeed becoming increasingly difficult to find; on the other hand, there is still a large stock of residential properties in the market that needs to be digested, with affordable housing and second-hand homes accommodating this part of the demand.

With the implementation of the “Good Houses” standard, developers are beginning to compete on 3-meter ceiling heights, high space efficiency, and intelligent configurations, with more exquisite landscaping and clubhouses becoming standard. These products are increasingly distancing themselves from the first-time buyers’ demand for “low total prices and full functionality.” “The land market covers a wide range, and the new buildings worth looking forward to are also diverse, including urban renewal projects in core areas like Yangjiabao and Nantun, as well as new projects like Dunhua Lane urban village redevelopment and Yangguang Fenhe Bay that rely on mature supporting facilities, providing homebuyers with more diverse choices.” Industry insiders analyze that the relatively low number of new buildings entering the market in the past two years, coupled with the gradual activation of old projects and parcels, will effectively alleviate the shortage of new housing supply in Taiyuan. The new homes entering the market this year will uniformly feature the characteristics of “Good Houses” new standard products.

Furthermore, although supply is increasing, the value of core locations will continue to solidify. Industry insiders indicate that urban redevelopment projects in Nantun, Shagou, and other areas are located in the core area of Wanbailin. Areas like Yangjiabao and Qinxian Changfeng are even more precious. The entry of these core location projects will effectively meet the improvement demand, with price expectations remaining strong. Of course, the future development potential of emerging areas such as the Fendong Business District and the Comprehensive Reform Zone, along with the layouts of state-owned and central enterprises like Poly and Shanxi Construction Investment, also underscore the value of these areas.

In 2026, the Taiyuan real estate market will usher in a year of further product innovation. Under the promotion of new construction regulations and the “Good Houses” policy, products such as high space efficiency and low-density apartments will accelerate iteration, and product iteration will exert pressure on old regulations and new housing. Industry insiders point out that not only will second-hand homes face price pressures due to innovations in new housing products, but old regulations and new homes will also face quantity and price impacts. Under the dual effects of a small supply peak and product iteration, a more diversified and higher-quality development trend will emerge. For homebuyers, this means more choices and better product experiences. For the market, core locations and emerging areas will form a differentiated development pattern, jointly driving the Taiyuan real estate market toward a more mature and rational development stage.

Shanxi Evening News · Shanhe + Reporter Chai Xuhui