Central bank fights industrial land hoardingCLEARING OBSTRUCTIONS: Trade groups have urged the government to step in, as firms seeking to move production lines home have had difficulty finding landBy Crystal Hsu / Staff reporterTo prevent land hoarding that could slow investment by companies returning home from China, the central bank on Thursday convened a meeting with 16 financial institutions to press for stricter review of industrial land financing. The central bank said that it urged the financial institutions to practice self-discipline and to demand concrete property development plans from borrowers seeking land financing. Central bank Governor Yang Chin-long speaks at a news conference at the bank in Taipei on Dec. 17. However, there are areas in the nation that have idle plots of industrial land. The price of industrial land has noticeably picked up over the past few years due to limited supply and growing demand from companies returning from abroad, the central bank said.

Source: Taipei Times January 01, 2021 15:56 UTC