Mon, Jul 22, 2013 - Page 14 News List

Raise cost of second home ownership

HOARDING HOMES:A Tamkang University professor said government should raise taxes on foreign buyers and second home buyers to rein in property hoarding

Staff writers, with CNA

Wu Kuang-chung (吳光中), editor-in-chief of housing Web site HouseFun (好房), said many homeowners have decided to sell their properties recently in anticipation of the revision, as well as because of global economic uncertainty and fears over the phase-out of quantitative easing in the US.

According to a HouseFun survey, the number of properties commissioned for sale in Taipei last month increased by 4 percent from a month earlier, with the figure up 27 percent in the city’s Songshan District.

This story has been viewed 2539 times.

Comments will be moderated. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned.

TOP top