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Real Estate Briefing - Categorized | Market Moves, Regulatory more

Taiwan acts to cool market

Posted on 10 December 2010

From Property-report.com: Taiwan is making moves to cool potential over-heating in its markets with talk of a new tax on real estate sold within a year of purchase and plans to revise land valuation rules.
Government officials said that the tax will be aimed at speculators, whereas land valuations will also be revised more regularly to ensure taxes reflect market changes. However, previous credit tightening measures have failed to curb real estate prices and some analysts remain sceptical……………………………………….Full Article: Source

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