Reported about 1 year ago
According to statistics from the Ministry of the Interior's Land Administration, there are still 23,000 hectares of unacquired public reserve land in Taiwan, with Taichung City having the highest at 1,539 hectares of privately-owned land yet to be acquired. To address the issue of insufficient acquisition funding, the government introduced the 'Volume Transfer Cash Deposit' system, where developers pay the government for volume and the government uses that money to purchase land from public reserve landowners. However, there are challenges in effectively utilizing these funds, with calls to amend laws to allow more flexible use of the cash deposit for various urban infrastructure projects.
Source: YAHOO