Alexa
  • Directory of Taiwan

Restrictions on Chinese investors dampen interest in local realty

Restrictions on Chinese investors dampen interest in local realty

Taipei, Jan. 28 (CNA) Thanks to a number of restrictions placed on Chinese buyers of local real estate, the number of transactions over the past several years has been limited, a brokerage firm said Wednesday. Hsu Chia-hsin (???), a director of H&B Housing (?????), pointed out Taiwan requires that restrictions on loans for Chinese buyers of local real estate must not exceed 50 percent of the total amount of sale value, that they cannot stay in Taiwan for more than four months, and that they cannont transfer their property in three years. According to statistics compiled by the Ministry of the Interior, Chinese buyers had obtained 181 pieces of Taiwanese property between 2002, when Taiwan opened up for Chinese investors for local property, and 2014. The prices for the 181 transactions totaled NT$2.6 billion (US$83.3 million). Of the total, the number of properties bought by Chinese investors in Kaohsiung was the highest at 58, followed by Taichung at 35 and New Taipei at 27. In the capital Taipei, there were only 15 transactions, which Hsu said could be attributed to Taipei's exorbitant housing prices and low return rates for renting. (By Wei Shu and Lilian Wu)


Updated : 2021-09-17 15:19 GMT+08:00