Real estate commercials for properties on the Mainland will remain prohibited in Taiwan, Mainland Affairs Council Vice Chairman Liu Te-shun said following careful evaluation and discussions between the Cabinet-level council and Ministry of the Interior.
According to Liu, the MOI has extensively discussed the issue with executives of local real estate and land developers associations.
Most of the representatives disagreed with the proposal of lifting the ban on real estate commercials for property on the Mainland at this time of economic hardship, Liu said.
As the government is trying to boost the nation’s economy by stimulating domestic spending, Liu said, realtors would not like to give the wrong idea that they are encouraging the Taiwanese public to invest in the real estate market on the Mainland.
The China Post said Liu said this was the best policy at the present since Taiwan was facing a great challenge to survive the economic downturn.