It seems to be island-wide....(CNA)
Property transactions in Taiwan for the first half of this year fell to an almost nine-year low, reflecting the implementation of the luxury tax which aims to curb market speculation, according to the government statistics released by the Ministry of the Interior Saturday. According to the statistics, transactions of residential and commercial properties on the island in the past six months fell 20.9 percent to about 159,000 units. The luxury tax, which took effect in June 2011, imposes a 15 percent sales tax on second homes sold within one year of purchase and a 10 percent sales tax on properties sold between one and two years after they were purchased.Taiwan's property market has been so inflated that a 20% drop in six months represents a nine-year low. Ouch. Is it really due to the tax, or to the slowdown in the world's economies affecting would-be buyers?
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Daily Links:
- Zain Dean's sentence increased to four years on appeal
- Lord Faulkner of Worchester rips the ROC flag decision. Lovely one.
- More Beijing propaganda from American "analysts." The lead-in to the interview is pretty good, but the interviewer should have chosen someone more dispassionate.
- Tanshui history blog: US bombing of Taiwan
- Taiwan's health care system once again garners praise.
- In the Nation there's an illuminating article on Taiwan lobbying, Coryn's F-16 hold, and Republican lobbyists.
- No really, there's a whole blog on how Janet Hsieh sucks. Get a life, dude.
- Taiwan is a major importer and exporter of illegal captive parrots, according to Global Views
- Kickstart this illustrated book about memories of growing up in Taiwan
[Taiwan] Don't miss the comments below! And check out my blog and its sidebars for events, links to previous posts and picture posts, and scores of links to other Taiwan blogs and forums! Delenda est, baby.
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