TAIPEI May 30 Taiwan's finance minister said on
Friday he saw weak momentum for growth in property prices in the
capital, Taipei, following an uptrend over the last decade,
marking the government's latest warning to cool the heated
Chang Sheng-ford told reporters the ministry was studying
plans to collect taxes on property and land combined, and
expects to come up with a draft early next year.
The move could raise costs for property investors or home
buyers. Taiwan now taxes properties and land separately.
Property prices in Taipei and nearby areas have been rising
sharply, becoming a major issue for President Ma Ying-jeou and
(Reporting by Faith Hung; Editing by Clarence Fernandez)