History of KMT land sale scrutinized

WIDE MARGINS?Legislator Chen Chi-mai said the KMT bought the land in Taipei for NT$10,000 a ping and sold it for NT$1.19m a ping to the Social Welfare Foundation

Taipei Times
Date: Jan 21, 2017
By: Hsiao Ting-fang and Jake Chung / Staff reporter, with staff writer

Democratic Progressive Party (DPP) Legislator Chen Chi-mai (陳其邁) yesterday accused the Chinese

A building that houses the National Women’s League is pictured in Taipei on Oct. 11 last year. Photo: Peter Lo, Taipei Times

Nationalist Party (KMT) of making NT$580 million (US$18.4 million at the current exchange rate) on the sale of land to the National Women’s League of the Republic of China in 1999.

The league purchased a 501 ping (1,656m2) property on Linsen S Road from the KMT’s Women’s Affairs Committee in 1964.

Chen presented a file showing that 414 ping of the land was registered under the Army Command Headquarters, while the remaining 87 ping belonged to the National Property Administration.

The land was worth NT$10,000 per ping at the time and the KMT purchased the land at that rate, buying the entire property for NT$5 million, which it paid in installments over 18 years, he said.    [FULL  STORY]

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