Page 58 - 2018 OUTLINE OF THE MINISTRY OF THE INTERIOR REPUBLIC OF CHINA

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

weighted by the size of the respective zone; and are compiled twice a year. On January 15 and July 15,
the indices of the previous September and current March are published, respectively. See Table 5-3 for

the latest details.

Table 5-3 Indices of Urban Land Prices
Sep 30, 2017 Base Period: March 31, 2013=100
Locality General Index Residential Index Commercial Index Industrial Index

Total 117.24 117.78 114.74 119.56
New Taipei City 127.28 128.01 126.54 124.04
Taipei City 109.81 108.80 112.20 107.93

Taoyuan City 126.29 126.38 116.05 133.17
Taichung City 116.56 118.00 109.59 118.90

Tainan City 122.34 122.72 113.94 129.68
Kaohsiung City 127.25 129.28 125.42 115.83

4. Establishment of the ROC Real Estate Appraiser Licensing System

The creation of an appraiser licensing system is critical to developing sound transactional
procedures in the ROC real estate market. On April 2002, the MOI had started accepting applications
for appraiser certificates according to the Real Estate Appraiser Act. By the end of 2017, 547
applicants had been certified and 392 of these successful entrants are now practicing under the close
supervision of the MOI.

5. Selections and Appraisals of Land Value Benchmarks

According to the MOI's "Research Concerning Improving Land Valuation Systems," it
promulgated the appropriate "Trial Directions Relevant to Selection and Appraisal of Land Value
Benchmarks" and scheduled such in 2003. Special municipality/county/city governments then
commenced working on their appraisals of these land value benchmarks starting in 2004. The

benchmarking was later scheduled to be a routine task since 2009. The MOI had appraised 1,817
land value benchmarks throughout the nation by the end of 2017.

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