Property analysts believe the impact of the Taiwan government's plans to further relax restrictions on mainlanders buying residential properties in the capital city of Taipei will be limited.
The Executive Yuan, Taiwan's highest administrative body, plans to release a series of policies to stimulate the property market and one of the initiatives will be to further relax restrictions on mainland people buying homes in Taipei.
To attract mainland buyers, another proposal is that mainland visitors be allowed to stay in Taiwan for up to 30 days per entry from the existing 10-day limit.
Visitors from the mainland will be allowed to enter Taiwan three times a year or 90 days a year and the government has undertaken to not investigate the sources of capital used by buyers. The home-buying policy only applies to Taipei.
South China Morning Post