Mon, Jan 01, 2007 - Page 12 News List

MOI releases nation's land price index

STAFF WRITER , WITH CNA

The Ministry of the Interior (MOI) is set to promulgate today the declared value and declared prices of land around the country, with declared land value increasing 4.11 percent on average and declared land prices rising 10 percent.

The country's most expensive plot of land is the one occupied by the Shin Kong Life Tower in downtown Taipei, with a declared value amounting to NT$973,152 (US$29,851) per square meter, compared with NT$961,978 last year, ministry officials said.

MOI tallies showed that compared with last year, declared land value for this year is up 4.38 percent in Taipei, 1.28 percent in Kaohsiung, 4.12 percent in Taiwan Province and 12.91 percent in Fuchien Province.

Among the 25 counties and cities around the country, declared land value in Taichung County registered the largest increase, at 12.25 percent, while that in Penghu County saw the smallest increase at 0.02 percent.

Declared prices

In terms of declared land prices, those in Taipei have risen 7.02 percent, those in Kaohsiung were up 5.14 percent, those in Taiwan Province have risen 10.06 percent and those in Fuchien Province were up 31.72 percent.

Declared land prices in Liang-chiang County posted the largest increase at 38.15 percent. Prices in Penghu County saw the smallest increase at 0.15 percent.

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