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Taiwan property control measures see no effect

07-27-2010 09:01 BJT

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Selective credit control measures in Taiwan haven't had much effect on the housing market. That's largely due to the high prices paid by real estate developers when buying land.

It's been one month since the control measures were implemented. Although the trading volume has decreased to some extent, developers have been paying record prices for land. Several days ago, a new record was set with land priced at 600 thousand new Taiwan dollars per square meter.

Due to rapid development in new parts of Taipei, insiders say housing prices may continue to rise. Taiwan authorities say they will provide rental subsidies, and encourage greater transparency on property prices to help resolve the housing problems. Experts are asking the authorities to impose stricter regulations.

Editor:Xiong Qu |Source: CNTV.CN

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