MOL denies policy shift after allowing Chinese buyers to purchase Taipei luxury homes - News Summed Up

MOL denies policy shift after allowing Chinese buyers to purchase Taipei luxury homes


The 44 buyers placed orders on the apartments for the luxury home complex Vantone 2011, which was built by mainland Chinese real estate developer Feng Lun in 2015. The MOL stopped the deal on the grounds that "the number of mainland Chinese buyers of a residential project cannot exceed 10 percent of the total". The buyers, including Alibaba vice president Liang Chunxiao, lodged a cross-strait appeal at the Executive Yuan. The MOI stressed in its statement that the decision was just an individual incident and that the policies governing the purchase of property in Taiwan by mainland investors had not changed. Members of the Chinese Communist Party, the Chinese government or the Chinese military are not allowed to buy homes in Taiwan.


Source: The China Post May 18, 2017 12:45 UTC



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