Farmland rules driving up selling pressure: report

Taipei Times
Date: May 27, 2015
By: Crystal Hsu  /  Staff reporter

The government’s plan to restrict purchases of farmland is driving up selling pressure on investors who helped build hundreds of thousands of luxury homes on farms across Taiwan, but will have difficulty finding buyers, a report by Evertrust Rehouse Co (永慶房屋) said yesterday.

The real-estate broker said that farmhouses for sale surged 70 percent year-on-year in the first four months of this year, compared with a 7 percent increase for residential houses and a 3 percent gain for office space, the report said.     [FULL  STORY]

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