Taiping Island is administered under the Municipality of Kaohsiung City, Cijin District, by the Republic of China (Taiwan). Postal service is provided by Chunghwa Post under the assigned area code "819". The Republic of China (Taiwan) military postal service uses the designation "68局" for postage services for the island. The total population of the island is about 600 with no civilians. Land pricing is managed by the Kaohsiung local government, although there have been no cases of actual transactions being made. In 2007, the announced land value adjustments placed the value of the land on Taiping Island at NT$400 per square metre.