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Inherited properties rise 12 percent

Gifted and inherited properties last quarter increased 12 percent and 4.3 percent year-on-year to 15,481 and 14,952 units respectively, government data showed yesterday, as people appeared to be undeterred by stricter property tax terms while becoming more active in asset allocations. The figures show a seven-year high following the introduction of combined property taxes, data on the Ministry of the Interior’s Web site showed. The rise appears to be a result of increased financial planning by...
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Cabinet to limit transfers of presale, new home deals

The Executive Yuan yesterday approved a draft bill to restrict transfers of presale and new housing contracts, and to impose heavy fines of up to NT$50 million (US$1.73 million) on unfair promotions of real-estate properties. The move came one week earlier than expected, after housing prices picked up steeply across Taiwan in the past two years. The draft amendment to the Equalization of Land Rights Act (平均地權條例), proposed by the Ministry of the Interior, still needs to clear the legi...
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FOXNEWS FOX Friends First March 25, 2022 08:39:00

They can get away with. >> carley: jeremy, the white house called the lodge a brazen violation of the u.n. security council resolutions. your thoughts? >> i believe it is. there are some nefarious characters out here using this opportunity, whether it be the united states and its allies seemingly distracted with the situation going on here, to perform at their flexes. but in my opinion is something they do to show they are relevant on the national stage, but im confident our allies and the u.n. ...
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New mortgage burden 'bearable' - Taipei Times

The extra mortgage burden from the central bank on Thursday hiking the interest rate should be bearable and might help deter developers from increasing prices, brokers said yesterday. The 0.25 percentage point rate hike would lift the mortgage interest rate to 1.65 percent from 1.4 percent, adding NT$1,200 (US$42.31) of interest expense a month for people with NT$10 million of mortgage on a 20-year payment scheme, said Tseng Ching-der (增進德), research manager at Sinyi Realty Inc (信義房�...
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Holidays, rain hit housing sales hard

Major real-estate brokers last month saw housing transactions decline by double-digit percentages from January as the week-long Lunar New Year holiday and bad weather dampened buying interest. Evertrust Rehouse Co (永慶房屋) reported a 24 percent slump in sales last month, when persistent rain kept people at home, and the Lunar New Year and 228 Memorial Day holidays cut working days, deputy research manager Chen Chin-ping (陳金萍) said. The fall also had to do with a spate of unfavorable ...
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Construction permits last year hit 26-year high

The high number of construction permits and building use licenses issued by the government last year reflects not only a robust property market, but also an abundant supply, which could translate into selling pressure in a correction period, analysts said. Construction permits across the nation increased 6.5 percent to 169,651, the highest in 26 years, while building use licenses rose by 6,600 to a 12-year high of 104,000, data released on Wednesday by the Ministry of the Interior showed. Constr...
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Rates, liquidity pushed 2021 home prices

Housing prices picked up nationwide last year, supported by an economic boom, excessive liquidity and low interest rates, but the population is shrinking, which is unfavorable for the property market in the long run, analysts said yesterday. Taiwan’s population stood at 23,375,314 last year, contracting 1 percent, or 228,000, after mortality rates officially overtook birthrates in 2020. The populations in the special municipalities of Taipei, New Taipei City, Taichung, Tainan and Kaohsiung dec...
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