President Ma Ying-jeou (馬英九) yesterday announced that his administration would push for legislation and revision of laws on land expropriation, real-estate transaction prices and social housing projects to provide more protection for landowners and a more equitable use of land and housing to curb property hoarding.
Ma told a press conference at the Presidential Office that the Executive Yuan would pass a revision to the Land Expropriation Act (土地徵收條例) proposed by the Ministry of the Interior and send it to the legislature for approval.
Under the proposals, local governments will evaluate land transaction prices of expropriated lands every six months, and compensation for landowners will be calculated according to market value rather than the published value of the land, which is often much lower than the market value.
Major solutions to curb unjust land seizures and housing prices include the establishment of a database of real-estate transaction prices to make the information transparent, taxation of unused land to prevent land speculation and housing legislation, he said.
“Our goal is to demonstrate the government’s determination to defend justice in land use and housing, as well as close the poverty gap. Any reforms will affect the rights of some groups, but in the long run, establishing a fair real-estate transaction system will benefit consumers, land developers and real-estate firms,” he said.
Ma’s comments came in the wake of a series of large-scale protests against government takeovers of land for use as industrial parks and other manufacturing facilities.
The legislation and amendment of legislation, as well as administrative measures were the first step in his administration’s efforts to pursue justice in land use, housing and taxation, he said.
The measures, including the taxation of vacant land and inspection of luxury apartment transactions, were aimed at eliminating speculation by land developers and real-estate companies, he said, promising that the government would not increase tax on self-owned residences.
Ma said the legal revisions would include a ban on expropriating any farmland unless it was for a social welfare project or major national development.
At a separate setting later in the day, Minister of the Interior Jiang Yi-huah (江宜樺) said the proposed amendment aimed to provide better protection to landowners and to make it more difficult for government institutions to take over private land.
The purpose of adding more steps and requiring more cash compensation was to make local governments think twice before expropriating land, Jiang said.
“Many critics have said the land expropriation measure has been abused. Therefore, we are trying to make local governments spend more money on such transactions so they will think twice before making a decision to expropriate land,” he said. “Other measures, such as public hearings, will also make it more difficult to take over private land, so that forced expropriation would be the last option when trying to acquire land.”
Jiang said a real-estate market price database would be established once the legal revisions are finalized, and local governments will help collect information on real-estate prices.
Additional reporting by Loa Iok-sin
The CIA has a message for Chinese government officials worried about their place in Chinese President Xi Jinping’s (習近平) government: Come work with us. The agency released two Mandarin-language videos on social media on Thursday inviting disgruntled officials to contact the CIA. The recruitment videos posted on YouTube and X racked up more than 5 million views combined in their first day. The outreach comes as CIA Director John Ratcliffe has vowed to boost the agency’s use of intelligence from human sources and its focus on China, which has recently targeted US officials with its own espionage operations. The videos are “aimed at
STEADFAST FRIEND: The bills encourage increased Taiwan-US engagement and address China’s distortion of UN Resolution 2758 to isolate Taiwan internationally The Presidential Office yesterday thanked the US House of Representatives for unanimously passing two Taiwan-related bills highlighting its solid support for Taiwan’s democracy and global participation, and for deepening bilateral relations. One of the bills, the Taiwan Assurance Implementation Act, requires the US Department of State to periodically review its guidelines for engagement with Taiwan, and report to the US Congress on the guidelines and plans to lift self-imposed limitations on US-Taiwan engagement. The other bill is the Taiwan International Solidarity Act, which clarifies that UN Resolution 2758 does not address the issue of the representation of Taiwan or its people in
US Indo-Pacific Commander Admiral Samuel Paparo on Friday expressed concern over the rate at which China is diversifying its military exercises, the Financial Times (FT) reported on Saturday. “The rates of change on the depth and breadth of their exercises is the one non-linear effect that I’ve seen in the last year that wakes me up at night or keeps me up at night,” Paparo was quoted by FT as saying while attending the annual Sedona Forum at the McCain Institute in Arizona. Paparo also expressed concern over the speed with which China was expanding its military. While the US
SHIFT: Taiwan’s better-than-expected first-quarter GDP and signs of weakness in the US have driven global capital back to emerging markets, the central bank head said The central bank yesterday blamed market speculation for the steep rise in the local currency, and urged exporters and financial institutions to stay calm and stop panic sell-offs to avoid hurting their own profitability. The nation’s top monetary policymaker said that it would step in, if necessary, to maintain order and stability in the foreign exchange market. The remarks came as the NT dollar yesterday closed up NT$0.919 to NT$30.145 against the US dollar in Taipei trading, after rising as high as NT$29.59 in intraday trading. The local currency has surged 5.85 percent against the greenback over the past two sessions, central