Under the revised regulations, Chinese citizens who are members of political parties or groups, members of the military or employed in public agencies will not be permitted to obtain land or property in Taiwan, mainly to prevent them from speculating in the local real estate market.
At present, the law allows Chinese individuals, including those in these categories to transfer ownership of their residential properties in Taiwan after their property has been registered in their names for three years.
Focus Taiwan reported the law revisions will be submitted to the Legislative Yuan for final screening and approval before being implemented.