Page 57 - 2023 OUTLINE OF THE MINISTRY OF THE INTERIOR REPUBLIC OF CHINA

2023 OUTLINE OF THE MINISTRY OF THE INTERIOR

of real estate transaction information has been openly provided since July 1, 2015. From July 1, 2016,
the current announcing period of real estate transaction information has continuously been posted
on the website for free download and is repackaged quarterly for the public for value-added uses. By
the end of 2022, it had accumulated more than 2.33million downloads.

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 timeliness 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 au-
thority’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 imple-

mentation of these amendments, clearer, more immediate, and correct transaction information will
be provided, improving the real estate market.

According to Jones Lang LaSalle’s global real estate prices transparency index report, in 2022,
Taiwan ranked 29th in the world. As the 5th place in Asia-Pacific, Taiwan’s real estate prices transpar-
ency index only ranked behind Japan, Singapore, Hong Kong, and South Korea.

2. Supervision of Special Municipality/County/City Governments Concerning

the Publicly Announced Current Land Value
The publicly announced current land value of the nation increased by an average of 3.99% from

2022 to 2023. For New Taipei City, Taipei City, Taoyuan City, Taichung City, Tainan City, and Kaohsi-
ung City the values increased by 6.89%, 3.71%, 7.64%, 3.26%, 3.69%, and 3.38%, respectively. In addi-
tion, Kinmen County increased by 1.63%, and Lienchiang County increased by 0.52%.

3. Compilation of the Indices of Urban Land Price and Publicly Announced

Land Value
To provide the general public with correct information concerning urban land prices, the MOI at-

tempted to compile the indices of urban land prices in 1989. After a subsequent assessment in 1991,
the MOI then drew up its Compilation of Indices of Urban Land Price Program and Management
Guidelines Governing the Survey and Compilation of Indices of Urban Land Prices as the basis for
such investigations and compilations. For each piece of urban land of villages/cities/districts under

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