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Agency warns budget cuts could harm housing rights
The National Land Management Agency plans to allocate NT$20 billion for social housing and subsidies in 2025. The Taiwan People’s Party criticizes budget delays.
2025/01/20 09:34
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KMT legislator: Taiwan’s housing policy as a ’cash giveaway’
Discover how Taiwan’s National Land Management Agency is expanding its rental subsidy policy to aid young renters, with plans to allocate NT$335 billion next year. Amid criticism, the policy shows a 70% approval rate.
2024/09/23 14:52
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MOF refutes claims linking loan program to property surge
Discover how Taiwan’s New housing loan program aids young homebuyers, as the Ministry of Finance clarifies its impact and addresses misconceptions about property transactions.
2024/09/05 10:34
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MOI’s rental statistics derived from subsidy cases, not ads
Discover how Taiwan’s Ministry of the Interior is enhancing rental market transparency with actual transaction data for university areas, aiming to aid students in finding accommodations.
2024/09/02 18:10
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President Lai plans major boost in Taiwan’s social housing
Discover how Taiwan’s President Lai Ching-te plans to tackle the housing crisis by adding 300,000 social and subleasing units, expanding subsidies, and addressing loan concerns.
2024/09/02 10:37
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MOI: Rent subsidies cut housing costs by up to 50%
Discover how Taiwan’s Deputy Minister of the Interior, Tung Chien-hung, addresses concerns over rent subsidies and their impact on rental prices, aiming to enhance housing justice and support for renters.
2024/08/29 14:06
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Taipei leads with highest housing loan interest subsidy
Explore the details of Taiwan’s 2024 self-purchased housing loan interest subsidy program, including eligibility criteria and the impact on first-time homebuyers in Taipei and New Taipei City.
2024/08/23 15:57
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KMT candidate’s wife clarifies building ownership
Jen Mei-ling, wife of Kuomintang’s (KMT) presidential candidate Hou Yu-ih, clarified that a building being claimed as their own is actually a legacy from her father and not part of Hou’s property. The building has become a topic of discussion in the upcoming 2024 elections due to its high rent and proximity to Chinese Culture University. Jen stated that the property has over 50 vacant houses, which will be used to provide rent subsidies for low-to-moderate-income families and young students through donations. After the leases expire in June 2026, the plan is to convert the property into social housing for the youth and communal accommodations for rent. Initially, the building was leased and managed by Shin-Kong Life Real Estate Service Co., Ltd., with rental prices determined by Shin Kong Life Insurance. Jen announced that the vacant apartments will be subsidized for young families with an annual income of less than NT$1.33 million and a per capita monthly income below NT$56,000. Existing tenants can also apply for the subsidy, with rates of NT$6,400 for single rooms and NT$7,000 for two-person rooms per month. In her public letter, Jen addressed the accusations, highlighting Hou’s integrity during the election process and apologizing for the family issue.
2023/12/27 15:10
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Hou Yu-ih pledges brighter future for Taiwan’s youth
KMT presidential candidate Hou Yu-ih expresses commitment to a brighter future for youth, highlighting his pragmatic and steady approach. Despite lower support among young voters compared to TPP candidate Ko Wen-je, Hou aims to attract their support through initiatives like a housing subsidy and tax deductions. He emphasizes the importance of engaging with young people and understanding their perspectives for the future.
2023/12/20 21:15
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Hou Yu-ih announces new housing policy for young buyers
Kuomintang (KMT) presidential candidate Hou Yu-ih has unveiled a new housing policy aimed at helping young people in Taiwan purchase their first homes. The initiative is targeted at individuals under 40 years old who have never owned property and face income restrictions. Under the plan, qualified buyers can receive a loan of up to NT$15 million with no down payment required. They will also enjoy a 0.5% subsidy on their mortgage interest rates, with public banks cutting the rates in half after five years. The policy will last for five years and includes restrictions on reselling the purchased properties for a maximum of ten years to address housing market speculation concerns. Hou criticized the current New Residential Loans Policy for its lack of age and income restrictions, allowing affluent individuals to benefit and non-first-time buyers to take advantage of policy perks. The plan aims to ensure fairness and accessibility for those in genuine need of support in purchasing their first homes.
2023/12/08 17:48
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DPP’s Hsiao counters Ko’s critique on education subsidies
DPP vice presidential candidate Hsiao Bi-khim refutes criticisms made by TPP candidate Ko Wen-je regarding the government’s handling of challenges faced by youths. Hsiao emphasizes the DPP’s efforts in tackling issues such as educational expenses, employment, and housing costs. She argues that these problems are not unique to Taiwan and require multifaceted solutions. Hsiao highlights that the current subsidy programs are a result of Taiwan’s robust national fiscal system and the outstanding international performance of domestic industries. She further asserts the need to distribute wealth effectively through policy measures and affirms the government’s commitment to alleviating financial pressures on young people.
2023/12/05 21:57
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NPP legislator criticizes Lai over rental subsidies
NPP legislator Chiu Hsien-chih criticized DPP presidential candidate Lai Ching-te over rental subsidies, suggesting that some landlords prefer reducing rents rather than allowing tenants to apply for subsidies. During a forum, Lai proposed that landlords offering rental subsidies receive reductions in taxes and funds for home maintenance and administrative fees. Chiu argued that some landlords would rather lower rental rates than enable tenants to apply for subsidies, as it could lead to them paying more income tax. Chiu also highlighted that the government expanded the rental subsidy amount to NT$300 billion last year, aiming to support 500,000 households, but only 278,000 households received assistance, achieving an implementation rate of 55.74%.
2023/11/19 16:33
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Subsidy plan to aid 275,000 Taiwanese students
Taiwan’s Premier Chen Chien-jen has approved a subsidy plan for university students, providing NT$5,000 per semester for on-campus students and NT$7,000 per semester for disadvantaged students. The plan, discussed in a joint meeting between the Ministry of Education and the Ministry of the Interior, will be implemented starting in February 2024. Originally, the plan called for monthly payments, but it was decided that a per-semester scheme would be more appropriate. The subsidies will be adjusted to a standard NT$5,000 per semester, with an additional NT$2,000 for disadvantaged students, and will become routine remittances. The cost of the plan is projected to be nearly NT$2.8 billion annually, paid from the Ministry of the Interior’s housing fund. Approximately 275,000 university students are expected to benefit from this plan, pending ratification at the upcoming Executive Yuan meeting. Premier Chen emphasized that the government is strategically committed to enhancing support and well-being for the nation’s university students.
2023/11/19 15:54
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Evacuated Dazhi residents head home as city confirms safety
Taipei City residents in Dazhi are returning home after an evacuation prompted by building concerns. Safety inspections ensure structural integrity. Get the latest updates on Dazhi housing.
2023/09/11 18:04
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Taiwan to expand rent subsidies, targets 500K households
The Taiwan government’s expanded rent subsidy program, which aims to assist residents in coping with housing costs, is again accepting applications. The deadline for submission is 5 p.m. on Dec. 31. This initiative, implemented by the Construction and Planning Agency under the Ministry of the Interior, targets the general public and tenants throughout Taiwan.
2023/07/03 19:03