Suspend the tender of the national land in Taipei City to prevent the driving up of real estate prices
- The President announced Article 53 of the National Property Act on January 4, 2012, which clearly states that vacant houses and vacant lands of national non-public use land with no specific use and an area not exceeding 1,650m2 may be eligible to be sold by open tender by the National Property Administration of the Ministry of Finance. Lands with an area of more than 1,650m2 are not eligible to be sold.
- With reference to the responding document by the Legislative Yuan on December 16, 2013, in principle an agreement must be obtained before national non-public use land and the sites allocated with rights exchange through the urban renewal projects in Taipei City and New Taipei City with an area of less than 1650m2 are sold by open tender. The Ministry of Finance will take into consideration the actual location, allocation of land use, impact on market price, and the tendering time before putting the lands for sale. Regarding the rest of the national land in Taipei City, they will be suspended for selling by open tender according to the policies of the Legislative Yuan. In New Taipei City, the sale of national land by open tender is reviewed on a case to case basis.
It both benefits the utilization of the national land and prevents financial groups and construction companies from driving up real estate prices by exploiting the transparent mechanism of the sales of national land by open tender.