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Property sales climb 9.9 percent from last month By Crystal Hsu / Staff reporter Housing transactions last month climbed 9.9 percent from April and 43.8 percent from a year earlier to 24,754 units in the nation’s six special municipalities, government data showed on Tuesday. Kaohsiung reported the largest monthly increase of 20.7 percent to 4,490 units, followed by Tainan with 17.5 percent to 2,517 units and Taichung with 11.4 percent to 4,303 units, it showed. Housing transactions in Taipei rose 10.6 percent to 2,999 units, while transactions in New Taipei City and Taoyuan rose 3.5 percent and 3.7 percent to 6,549 and 3,896 units respectively. Two men work at a construction site in Taipei on March 31. ....
Property transactions up 27.9% year-on-year in April 05/04/2021 06:03 PM Taipei. CNA file photo Taipei, May 4 (CNA) Transactions of residential and commercial property in Taiwan s six largest cities by population rose almost 28 percent from a year earlier in April, despite government measures taken to rein in market speculation. Transactions of homes, offices and shops in the six cities Taipei, New Taipei, Taoyuan, Taichung, Tainan and Kaohsiung totaled 22,520 units, up 27.9 percent from a year earlier, according to statistics released by the local city governments. The number of transactions was down 0.2 percent, however, from the previous month. In the first four months of 2021, housing transactions in the six cities rose 19.3 percent from a year earlier to 84,677 units, with Kaohsiung recording the highest year-on-year growth of 24.7 percent. ....
Residential, commercial property deals rise 28% MORE DEMAND: In the first four months, housing sales rose 19.3% annually, partly due to a low comparison base last year, a Taiwan Realty Enterprise section chief said Staff writer, with CNA Residential and commercial property transactions in Taiwan’s six special municipalities last month rose almost 28 percent from a year earlier, despite government measures to rein in market speculation. Transactions of homes, offices and shops in the six municipalities Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung totaled 22,520 units, up 27.9 percent from a year earlier, data released by the city governments showed. However, the number of transactions was down 0.2 percent from the previous month. ....
Experts divided over housing and land bill Staff writer, with CNA Large property developers and experts on Thursday expressed divergent opinions over a draft amendment that the Executive Yuan approved earlier in the day with the goal of reining in real-estate speculation. The Cabinet approved a draft amendment to the Income Tax Act (所得稅法) that would adjust the “integrated house and land sales tax” so that properties sold within certain periods after purchase would be taxed more. Private individuals and institutions would face a 45 percent tax on property transaction gains on homes or land sold within two years of purchase an extension from the current one year, while a 35 percent tax would be imposed on those who sell homes or land within two to five years of purchase, says the proposed amendment, which is to be submitted to the Legislative Yuan for review. ....
Experts divided on efficacy of new housing and land policy draft 03/11/2021 10:25 PM CNA photo March 11, 2021 Taipei, March 11 (CNA) Large housing developers and experts in the field of real estate expressed divergent opinions as to the impact of a draft amendment passed by the Executive Yuan and intended to rein in real estate speculation Thursday. Earlier in the day, the Cabinet approved a draft amendment to the Income Tax Act that will adjust the integrated house and land sales tax so real estate sellers face heavier taxes if they sell property within a fixed period of time. Under the bill, private individuals and institutions face a 45 percent tax on property transaction gains on homes or land sold within two years of purchase an extension from the current one year. ....