The amount of unclaimed land has an estimated value of over USD664.76 million
As reported in Taiwan News, the New Taipei City Government announced inheritors to register for the unclaimed 808 buildings and 12,133 plots of land as soon as possible.
The amount of unclaimed land equals 438.71 hectares, with an estimated value of more than NTD18.46 billion (USD664.76 million). Sanxia District has the most unclaimed plots of land, while Sanchong District has the highest number of unclaimed buildings.
The Department of Land Administration revealed that the various properties belong to 2,064 inheritors, and they should register for their land or buildings as soon as possible.
According to the department, there were 10,728 unclaimed plots of land and 558 unclaimed buildings in New Taipei City in 2020.
Moreover, the department said the main reasons for these unclaimed properties include inheritors residing overseas, ongoing negotiations between multiple inheritors, and controversies surrounding the properties.
Regarding multiple claimants, inheritors may choose one or more delegates to register mutual ownership of a property and file for estate division after establishing an agreement.
The Taiwanese government records and manages properties that are not claimed within a year of inheritance for up to 15 years.
After 15 years, the properties are up for auction by the Ministry of Finance’s National Property Administration.
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