Reported 9 months ago
According to Central University's Economics Professor Wu Daren, the recent surge in the housing market is not due to the new housing policy but a result of various anti-speculation measures implemented by cross-agency authorities such as the Central Bank over the years, driving prices higher. Wu emphasizes that policies like the 'Property and Land Consolidation Tax' and 'Average Land Rights Act' have restricted supply by locking new properties out of the market, leading to a shortage. Wu suggests that to tackle the issue of high house prices, the government should focus on increasing supply immediately, particularly through promoting urban renewal projects in areas like Hualien where many buildings have become dangerous after the earthquake, prioritizing housing safety and justice.
Source: YAHOO