Tue, Aug 21, 2012 - Page 13 News List

MOF to research ending land sale ban

By Amy Su  /  Staff reporter

The government will likely reach a decision on whether to lift a ban on sales of small state-owned plots of land in Taipei and New Taipei City (新北市) next month at the earliest, the Ministry of Finance said yesterday.

Last week, Minister of Finance Chang Sheng-ford (張盛和) told reporters he had asked the National Property Administration to review the benefits and drawbacks of lifting the sales ban, which applies to plots of land measuring less than 500 ping (1,653m2) and was initiated in March 2010.

The last time the ministry evaluated the sales ban was in September 2010.

“We are still at the stage of collecting data and gathering opinions,” Lee Jeng-tzong (李政宗), deputy director-general of the administration, said at a press conference yesterday.

Lee said the administration has sent out a questionnaire to individuals in real-estate related industries soliciting their opinions on current market conditions to gauge professionals’ thoughts on the ban. It also hopes to collect more data about transactions and prices in the market.

The administration is scheduled to finish the survey by the end of this week and deliver a report to finance minister by the end of this month, Lee said.

Chang is expected to report to the Cabinet next month after collecting the necessary data and opinions, Lee added.

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