Reported about 1 year ago
In Taiwan, the seismic ability of buildings remains unclear, with professionals proposing mandatory disclosure of earthquake resistance, similar to sand houses and haunted houses, during property transactions to ensure safety and protect occupants. However, real estate industry representatives find the idea somewhat naive, warning it could potentially shake the national foundation. Following the 921 earthquake, the government classified building damages as yellow or red list, with yellow indicating repairable damages and red signifying unsafe to use. Failure to comply with government orders for building repairs can result in fines or forced demolitions. Taiwan's evaluation methods based on visible damages post-earthquakes need revision, as evident by buildings marked yellow being damaged during recent earthquakes. Concerns arise over disclosed poor earthquake resistance affecting bank appraisals and property prices, leading to potential national upheaval.
Source: YAHOO