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
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.
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- 📰 Published: May 1, 2026 at 15:13
- 🔍 Collected: May 1, 2026 at 15:32 (18 min after Published)
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Central News Agency
(Taipei, May 1, Central News Agency reporter Lu Yen-tzu) In recent years, the National Property Administration of the Ministry of Finance has been revitalizing urban renewal properties through leasing. However, the short lease terms often deterred potential tenants. Officials explain that they hope to extend the lease period from 5 years to a maximum of 20 years to increase the incentive for potential lessees to bid. Following the Executive Yuan's announcement of the relevant draft amendments, they will strive to list these properties in the second half of the year.
In recent years, with soaring housing prices, when the National Property Administration conducts public sales of urban renewal properties it acquires, the post-urban renewal new housing prices often exceed several hundred million NT dollars, leading to unsatisfactory sales. Officials explain that some large, high-value properties have remained unsold despite multiple listings. For example, "Taipei Star Diamond," located in Taipei City's Daan District, with a previous asking price between 300 and 400 million NT dollars, went through three unsuccessful tenders. After being converted to a property lease method for revitalization, there were still no bidders.
Officials explain that the current maximum lease term for general property leases is 5 years. For potential lessees, this not only makes it difficult to amortize renovation costs invested after leasing but also carries risks such as malicious bidding up of annual rent by interested parties or being forced to abandon priority renewal rights when re-bidding before the lease expires, thus affecting bidding willingness.
In response, the Ministry of Finance announced a draft amendment to parts of the "Regulations Governing the Lease and Management of National Non-Public Use Real Estate" in September last year. Referring to the current provisions for renewing leases of cultural assets, it deletes clauses related to re-bidding before the expiration of general property leases and adds provisions that allow for lease renewal, with the consent of the leasing agency, for up to three times. This means the lease term is expected to extend from 5 years to a maximum of 20 years.
At the same time, the draft amendment also relaxes the number of times a sub-leasing tenant can renew their contract to a maximum of three times if they wish to renew after the lease term expires, ensuring consistency in regulations.
Officials explain that the public comment period for the draft amendment has ended. Following review and announcement by the Executive Yuan, the goal is to list previously unsold urban renewal properties in the second half of this year, hoping to revitalize national non-public real estate and enhance the efficiency of national property utilization. (Edited by Lin Shu-yuan) 1150501
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(Taipei, May 1, Central News Agency reporter Lu Yen-tzu) In recent years, the National Property Administration of the Ministry of Finance has been revitalizing urban renewal properties through leasing. However, the short lease terms often deterred potential tenants. Officials explain that they hope to extend the lease period from 5 years to a maximum of 20 years to increase the incentive for potential lessees to bid. Following the Executive Yuan's announcement of the relevant draft amendments, they will strive to list these properties in the second half of the year.
In recent years, with soaring housing prices, when the National Property Administration conducts public sales of urban renewal properties it acquires, the post-urban renewal new housing prices often exceed several hundred million NT dollars, leading to unsatisfactory sales. Officials explain that some large, high-value properties have remained unsold despite multiple listings. For example, "Taipei Star Diamond," located in Taipei City's Daan District, with a previous asking price between 300 and 400 million NT dollars, went through three unsuccessful tenders. After being converted to a property lease method for revitalization, there were still no bidders.
Officials explain that the current maximum lease term for general property leases is 5 years. For potential lessees, this not only makes it difficult to amortize renovation costs invested after leasing but also carries risks such as malicious bidding up of annual rent by interested parties or being forced to abandon priority renewal rights when re-bidding before the lease expires, thus affecting bidding willingness.
In response, the Ministry of Finance announced a draft amendment to parts of the "Regulations Governing the Lease and Management of National Non-Public Use Real Estate" in September last year. Referring to the current provisions for renewing leases of cultural assets, it deletes clauses related to re-bidding before the expiration of general property leases and adds provisions that allow for lease renewal, with the consent of the leasing agency, for up to three times. This means the lease term is expected to extend from 5 years to a maximum of 20 years.
At the same time, the draft amendment also relaxes the number of times a sub-leasing tenant can renew their contract to a maximum of three times if they wish to renew after the lease term expires, ensuring consistency in regulations.
Officials explain that the public comment period for the draft amendment has ended. Following review and announcement by the Executive Yuan, the goal is to list previously unsold urban renewal properties in the second half of this year, hoping to revitalize national non-public real estate and enhance the efficiency of national property utilization. (Edited by Lin Shu-yuan) 1150501
Stand with facts, every sponsorship you make is a force for protecting press freedom.
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The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.