Page 57 - 2022 OUTLINE OF THE MINISTRY OF THE INTERIOR REPUBLIC OF CHINA

According to Jones Lang LaSalle’s global real estate prices transparency index report, Tai-
wan ranked 26th in the world in 2018. In 2020, Taiwan ranked 23rd in the world. As the 6th place in
Asia-Pacific, Taiwan’s real estate prices transparency index only ranked behind Australia, New Zea-
land, Singapore, Hong Kong, and Japan.

From July 1, 2020, the obligation of declaring the real estate transaction cases will be handled by both
the buyer and the seller when they apply for registration transfer. The examination by both parties ensures
the improvement of information accuracy and simplifies the administrative process to improve the time-
liness of disclosure. The amendments to the Equalization of Land Rights Act, Land Administration Agent

Act and Real Estate Broking Management Act were implemented on July 1, 2021. The contents include the
disclosure of complete land serial numbers and addresses, presell house management, and declaration in
time. The amendments have increased the competent authority’s inspection rights, raised the penalties for
those who continuously failed to make corrections, and added presell house management and standard

form contract reference rules. With the implementation of these amendments, clearer, more immediate,
and correct transaction information will be provided, improving the real estate market.

2. Supervision of Special Municipality/County/City Governments Concerning the
Publicly Announced Current Land Value and the Publicly Announced Land Value
The publicly announced current land value of the nation increased by an average of 2.50% from
2021 to 2022. For New Taipei City, Taipei City, Taoyuan City, Taichung City, Tainan City, and Kaoh-

siung City, the values changed by 3.50%, 3.41%, 2.83%, 1.89%, 3.01%, and 2.01%, respectively. In
addition, Kinmen County of Fuchien Province increased by 1.33%, and Lienchiang County of Fuchien
Province increased by 2.55%.

The publicly announced land value of the nation increased by an average of 2.68% from 2020 to 2022.

For New Taipei City, Taipei City, Taoyuan City, Taichung City, Tainan City, and Kaohsiung City, the value
changed by 5.76%, 2.63%, 3.57%, 0.06%, 3.55%, and 1.84%, respectively. In addition, Kinmen County of
Fuchien Province increased by 0.96%, and Lienchiang County of Fuchien Province increased by 2.30%.
The local government mainly adjusted the announced land value with reference to the changes in the

market price of land in the past two years, and comprehensively considered factors such as local financial
needs and the public’s land value tax burden. The ratio of the publicly announced land value of the nation
to regular transaction prices was 19.68% in 2022. The difference is not significant from 19.79% in 2020,
indicating that the announced land value adjustment has moderately reflected the changes in the market

price of the land.

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