Executive Yuan looks to rein in real-estate marketBy Lee Hsin-fang and Jake Chung / Staff reporter, with staff writerThe Executive Yuan yesterday proposed measures to help rein in real-estate prices, which have spiked due to “hot money” pouring into the local market. Su said that housing is for residential purposes and should not become a commodity, Executive Yuan Secretary-General Li Meng-yen (李孟諺) told a news conference after the meeting. The ministry has also been tasked with amending the registration system of actual real-estate transaction prices to include individual units, instead of just general transactions, it said. Measures to evade real-estate sales or purchasing taxes should also be investigated, it added. If necessary, the central bank should intervene, while the Financial Supervisory Commission should also step up its reviews of real-estate loans to prevent speculation, the Executive Yuan said.

Source: Taipei Times December 03, 2020 15:56 UTC