Page 60 - 2022 OUTLINE OF THE MINISTRY OF THE INTERIOR REPUBLIC OF CHINA

5. Management of the R.O.C. Real Estate Appraiser
The creation of an appraiser licensing system is critical to developing sound transactional pro-
cedures in the R.O.C. real estate market. In April 2002, the MOI started accepting applications for

appraiser licenses according to the Real Estate Appraiser Act. As of the end of 2021, 630 applicants
have been certified and 459 of these successful entrants are now practicing under the close supervi-
sion of the MOI.

6. Established Automated Valuation Models of Counties and Cities
In order to appraise the value of land scientifically, objectively, and automatically, the MOI estab-
lished the automated valuation models (AVMs) and developed the real estate actual transaction price

information application from 2018 to 2022. The MOI has conducted the Land Price Evaluation Tech-
nology Refined and Real Estate Actual Transaction Price Information Application Development Plan
and enhanced the technology for the appraisal of land value by the government. The AVMs have
been established, and the models for Taipei City, New Taipei City, Taoyuan City, Taichung City, Tain-

an City, Kaohsiung City and Yilan County have been systematized. The table of publicly announced
current land values for submission has been compiled by computer, and the land price benchmark
land has been selected and evaluated. It is expected that the construction of the models in counties
and cities across the country will be completed in 2022.

VII. Reasonable Adjustment of Land Rights

1. Rights of Foreigners to Acquire and Transfer Land

To protect our citizen’s livelihoods and national security within the R.O.C., any case of land acqui-
sition or transfer by foreigners must be approved by the relevant special municipal/county/city gov-
ernments and reported to the MOI. In 2021, 1,486 plots with a total area of 14.3477 hectares and 1,099
buildings with a total area of 30.3346 hectares were consequently approved for acquisition.

2. Approving Public Land Appropriation
Because government agencies need public land to establish public undertakings, the MOI, on

behalf of the Executive Yuan, approved the appropriation of 1,287 public land plots with a total area
of 90.7136 hectares and 9 buildings with a total area of 1.9724 hectares, in accordance with Article 26
of the Land Act in 2021.

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