The peripheral area of Banqiao Station is a new shopping area in the city and its most prosperous business quarter. In addition to Taiwan Railway Station, Taipei Metro Station and bus stops, Banqiao Station has other public facilities, including a big shopping mall, food court and library, which have turned the area into a new commercial center. New Taipei City Hall is five minutes away on foot. Visitors can participate in events held on the big square of the station and enjoy the view in the 32-floor observatory free of charge. These features make Banqiao comparable with first-class cities in the world.