Thu, Feb 17, 2005 - Page 2 News List

Crackdown reducing cross-strait property deals: MOI


The Ministry of the Interior's (MOI) crackdown last year on advertisements for real estate in China has successfully reduced the number of illegal ads and sales activities.

"By the second half of 2004, there were no more fines imposed on ads featuring real estate in China," Cheng Ho-soong (鄭河松), an administrative officer at the ministry's Department of Land Administration, said yesterday.

A total of 10 individuals and entities last year faced fines ranging between NT$100,000 and NT$500,000 for publishing ads or engaging in marketing activities for real estate in China. The fines added up to NT$3 million.

Five of the entities facing fines were print media outlets that had published the ads, while the remaining five were individuals who ran the ads.

The owner of one real-estate company that had repeatedly engaged in the sale and advertising of real estate in China in 2003 and last year also faced litigation by the Taipei District Court.

According to information from the Department of Land Administration, the crackdown last year focused on real estate in the Shanghai area, including the sale of mansions and office-space rentals.

The large amount of money involved in the cross-strait real-estate deals raised concern at the MOI and was one of the main factors contributing to the crackdown being launched.

Advertisements for goods or services from China may only be issued by the Mainland Affairs Council (MAC) or the Executive Yuan, according to Article 34 of the Act Governing Relations Between the People of the Taiwan Area and the Mainland Area (臺灣地區與大陸地區人民關係條例), which was amended in Oct., 2003.

Article 89 of the same act stipulates that fines of between NT$100,000 and NT$500,000 per offense can be levied against the sale and promotion of real estate in China.

In addition, Article 6 of the Act on Management of Promotion of Goods and Services from Mainland China in Taiwan (大陸地區物品勞務服務在臺灣地區從事廣告活動管理辦法), real-estate activities in China are still banned in Taiwan.

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