NO BUYERS:With higher-end property sales dropping, the central bank has called for property tax reform as the only effective and fair way to regulate the market
Date: Apr 08, 2015
By: Crystal Hsu / Staff reporter
The nation’s luxury housing market is drying up as holding tax hikes, selective credit controls and a proposed property gains levy scare away potential buyers, government data show.
The official real-price registration Web site has seen just 17 deals valued at NT$60 million (US$1.92 million) or more so far this year, plunging 91 percent from 187 during the same period last year and 205 in 2013. [FULL STORY]