Reported 8 months ago
According to the Ministry of Finance, recent discussions on the hot real estate market point to Taichung, New Taipei, and Taoyuan as areas with significant increases in land value tax and individual housing tax. Notably, Taichung led the way in May with the highest individual housing tax collection at 10.94 billion NT dollars, followed closely by New Taipei at 10.51 billion NT dollars, making them the only two cities with individual housing tax collections exceeding 10 billion NT dollars in a single month. Various factors such as economic improvement, stock market growth, and policy housing loans have contributed to the current heated real estate market trend, with notable increases in tax revenues reflecting the uptrend in property transactions.
Source: YAHOO