Understanding the Impact of the Equalization Land Rights Ordinance on Pre-Sale Contracts: Recent Termination Cases and Price Disclosures

2023-09-20 08:53:18

The Equalization Land Rights Ordinance officially came into effect on July 1 this year. According to the latest actual price disclosure, there have been a total of 4 sporadic contract cancellation cases. Among them, there was a pre-sale case in Beitun District, Taichung. The transaction was 14.97 million yuan and the buyer regretted it in just one month. The contract was terminated. The highest price was a pre-sale construction project on Chengde Road, Datong District, Taipei City, which sold for 30 million yuan, or 1.12 million yuan per square meter. The contract was terminated in August this year following buying it for regarding one year.

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Rare reveal! I bought a pre-sale house in Beitun, Taichung for 15 million and regretted canceling the contract in just one month. Schematic diagram of Beitun, Taichung.File photo: Central News Agency

The Equalization of Land Rights Regulations officially came into effect on July 1 this year, which stipulates that pre-sale cases must be reported within 30 days if the contract is terminated. Observing the latest real price disclosures, there have been sporadic cases of termination disclosures, and the pre-sale disclosure system is increasingly improving.

Zeng Jingde, project manager of the Xinyi Housing Real Estate Enterprise Research Office, said that following the new pre-sale contract cancellation system is put into effect, the pre-sale disclosure system will be more complete, but with reference to foreign disclosure cases, more price information for pre-sale communities will be revealed, but the pre-sale disclosure system It is more real-time and complete than before. In the future, people will be able to see more comprehensive transaction information and avoid misjudgments during transactions.

According to the actual price data, the contract cancellation cases include a pre-sale case on Xintai 5th Road, Xizhi, with a transaction price of 13.1 million yuan, and the contract was completely terminated on August 20; there is also a pre-sale case in Beitun District, Taichung, with a transaction price of 14.97 million yuan, in July this year The transaction was completed on August 5, but the contract was terminated on August 11; there was also a pre-sale transaction in Datong District, Beicheng City, for 30.08 million yuan, and the contract was terminated on July 21; there was also a pre-sale transaction on Zhongcheng Road, Tucheng, New Taipei City, for 14.96 million yuan, but the transaction was The contract was terminated on July 29.

According to the government’s publicity materials, pre-sale housing (purchase and purchase) cases that have been reported for real-price registration, whether the seller (such as a builder) sells the pre-sale housing himself or entrusts the sale, if the sales contract is terminated following July 1 this year , the seller of the pre-sale house shall handle the cancellation declaration within 30 days from the date of cancellation.

Yahoo Finance special correspondent Ye Yiru: 22 years of experience in mainstream financial media. From the Web1.0 bubble in 2000 to the Meta Yuanverse Web3.0, he has witnessed the rise and fall of Taiwan’s large and small enterprise groups and has experienced five international financial crises. We believe that finance is life and is everywhere. No matter how difficult financial knowledge is, we should explain it in a simple way. Everyone, young and old, should manage money. If you don’t manage money, money will not care regarding you.

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