On the 10th, the revised draft of some provisions of the Law on Land Rights Equalization passed the third reading. DPP legislator Wang Meihui (first from the right) and other female legislators took pictures with slogans in hand to record the moment.

(Photo by reporter Liao Zhenhui)

[Reporter Huang Jingyu/Taipei Report] The Legislative Yuan will pass the "Amendments to Some Articles of the Law on Equal Land Rights" for the third reading today. The key points of this amendment include restricting the resale of pre-sale houses, the purchase of houses by private legal persons, and the establishment of whistle-blowing The "Five Measures to Crack Down on Real Estate Speculators", such as the whistleblower system, the declaration of termination of pre-sale houses, and heavy fines for speculation in the real estate market. Among them, those whose speculation is verified to be true will be fined more than NT$1 million and NT$50 million according to the number of trading accounts. The following penalties are suspended.

The Home Affairs Committee of the Legislative Yuan passed the "Draft Amendment to Some Articles of the Law on Equal Land Rights" for the first time on December 21 last year. With a high degree of consensus between the government and the opposition, the first trial was passed almost in accordance with the version of the Executive Yuan.

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Acting Minister of the Ministry of the Interior Hua Jingqun said that the main purpose of this amendment is to combat real estate speculation and improve the order of real estate transactions, but it will not affect normal transactions in the market. In the long run, it will also help guide the market to return to steady development and assist The real estate industry will continue to operate, and protect the rights and interests of Chinese people to buy houses and live in justice.

The Ministry of the Interior added that the part about the permit system for private legal persons to purchase houses has incorporated the situation of private legal persons acquiring houses for necessary and legitimate purposes into the revised law, which will not affect the necessary business operations of private legal persons in the future.

For example, recently, the part of the industry that is most concerned about promoting urban reconstruction has been planned to participate in urban or general joint construction, and obtain housing according to joint construction sub-sales, joint construction sub-contracts, or joint construction with buy-back clauses In some cases, it will be included in the "permission-free" project, and it will not be subject to the restriction of transfer, assignment or advance notice registration within 5 years; in addition, the situation that requires the purchase of a house in advance for integration due to participation in the more dangerous old reconstruction, although it will be included in the "Requires permission from the Ministry of the Interior" project, but will provide convenient procedures in the sub-laws, based on the principle of not affecting the current situation.

In addition, the application case principle will also complete the review within 7 working days, so that reasonable transaction needs can run smoothly.

The third reading stipulates that private legal persons shall adopt a permit system to purchase residential houses, restricting the transfer, assignment or advance notice registration within 5 years after the acquisition, and only participating in the renovation of old buildings, as staff dormitories, and large-scale 3 major purposes including long-term rental operation.

In addition, the sales contract of a pre-sale house or a newly built house is prohibited from being transferred to a third party, except for the spouse, immediate family, second relatives, and collateral blood relatives, or under special circumstances announced by the Ministry of the Interior.

Builders are also not allowed to agree or assist in the transfer or resale of contracts, and violators may be fined between 500,000 and 3 million yuan according to the number of households.

The new law also stipulates that "dissemination of false information through electronic communication, the Internet, briefing sessions or other means of communication, affecting the price of real estate transactions", "conspiring with others or conducting false transactions to create the appearance of active real estate transactions" and "self-, Selling in the name of others or gathering a large number of people in violation of regulations, continuously buying or reselling real estate at a higher price, and obviously affecting market order or monopolizing resale for profit", etc., can be fined more than 1 million and less than 50 million yuan according to the number of trading accounts. Those who make corrections within a time limit can be punished consecutively, and heavy penalties can be imposed on hype behavior.

On the 10th, the draft amendment to some provisions of the Regulations on Equal Land Rights passed the third reading.

(Photo by reporter Liao Zhenhui)

On the 10th, the draft amendment to some provisions of the Regulations on the Equalization of Land Rights passed the third reading, and Cai Qichang, the vice president of the Legislative Yuan, knocked down the gavel.

(Photo by reporter Liao Zhenhui)