Page 56 - 2018 OUTLINE OF THE MINISTRY OF THE INTERIOR REPUBLIC OF CHINA

MOI 2O18 OUTLINE OF THE MINISTRY OF THE INTERIOR
REPUBLIC OF CHINA (TAIWAN)

2. Achieving Sound Real Estate Broking Management Institutions

The MOI promulgated the Real Estate Broking Management Act in 1999. By the end of 2017,

special municipalities/counties/cities authorized 7,545 real estate agencies with 6,324 of these entities
actually practicing this profession according to this act.

VI. Equalization of Land Ownership

The MOI plans policies in line with two objectives: land value increments to the public and land

profit sharing policy of namely the equalization of land rights sharing, when implementing government
policies. In this regard, the MOI promulgates regulations that aim to promote real estate transaction
transparency, to benefit the general public and justify the land value and land tax systems, to make
the public and private sectors improve the real estate assessment techniques, and also to implement

market value assessment of land expropriation compensation. In addition, the MOI also established a
real estate appraiser licensing system. Further, the MOI is supervising local governmental policies and
actions including announcing current land value and government published land value.

1. Publish the Real Estate Actual Transaction Price information

The declared Real Estate Actual Transaction Price Registration System began on August 1,
2012. In order to boost the nation's real estate transparency and establish a well-balanced domestic
real estate market, the MOI has established an online inquiry system that listed the actual price of

property transactions in the county since October 16, 2012. Users can utilize the MOI's Real Estate
Actual Transaction Price Inquiry Service for transaction data of trades, rentals and pre-sold housing
unit trading. The registered transaction information provides district based real estate transaction
information for inquiries without revealing personal data. In addition, coordinating with the Executive

Yuan's open data policy, a current announcing period 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
repacked quarterly to the public for value-added use.

From December 2017, in order to bring convenience to people for getting the latest price of property
transactions more quickly, the MOI has adjusted the data release frequency from two times per month to

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