Ministry of Finance plans to extend urban renewal housing lease terms to a maximum of 20 years, striving for rollout in the second half of the year
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Taiwan's Ministry of Finance is proposing to extend the maximum lease term for urban renewal properties from 5 to 20 years to boost tenant interest and facilitate the leasing of unsold assets. This move aims to allow tenants to amortize renovation costs over a longer period and mitigate risks associated with re-bidding. The amended regulations are expected to be implemented in the latter half of the year.