Property brokers welcome Legislative Yuan revisions
By Crystal Hsu / Staff reporter
Property brokers yesterday welcomed legislative revisions governing property transactions, saying that the changes would make the market more transparent and price manipulation more difficult.
The legislature yesterday approved a bill that requires the disclosure of the full address of a property that is sold, rather than just the neighborhood.
It also stipulates that transfers of presale housing units be subject to real-price registration within a month.
Great Home Realty Co (大家房屋) lead researcher Mandy Lang (郎美囡) said that the revisions reflect the government’s resolve to make the local property market more transparent, and crack down on price manipulations by dishonest developers and brokers.