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🇹🇼 Taiwan /Economy & Trade

New Taipei City to Manage NT$17.37 Billion in Unclaimed Inherited Properties

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • New Taipei City will begin managing unclaimed properties valued at NT$17.37 billion starting August 1.
  • The properties include over 11,000 land parcels and 670 buildings, with the highest valued asset being a 495-ping plot near the MRT Xihui Middle School station worth NT$300 million.
  • If unclaimed after 15 years of management, these properties may be auctioned, with proceeds held for 10 years before reverting to the national treasury.

New Taipei City is set to formally manage a significant portfolio of unclaimed inherited properties, valued at approximately NT$17.37 billion based on 2026 land values. The city's Land Administration Bureau will begin listing these properties on August 1, affecting 1,956 deceased individuals with 11,239 land parcels and 670 buildings still awaiting inheritance registration.

New Taipei City will begin managing unclaimed inherited properties valued at approximately NT$17.37 billion starting August 1.

— New Taipei City Land Administration BureauReporting on the total value of unclaimed properties.

The most valuable asset among these is a 495-ping residential land parcel in Sanchong District, located near the MRT Xihui Middle School station. Its announced current value is around NT$300 million, making it the highest-valued property to be managed this year. In total, eight land parcels are valued at over NT$100 million each.

The highest valued asset among these is a 495-ping residential land parcel in Sanchong District, located near the MRT Xihui Middle School station. Its announced current value is around NT$300 million.

— New Taipei City Land Administration BureauHighlighting the most valuable unclaimed property.

According to Article 73-1 of the Land Act, properties not registered for inheritance within one year of the deceased's passing are subject to a three-month public announcement and notification to heirs. If registration remains incomplete after this period, the properties are managed for 15 years. Should they still be unclaimed after 15 years, they will be transferred to the National Property Administration for public auction. The proceeds from such auctions are held for 10 years, after which they revert to the national treasury if unclaimed.

If unclaimed after 15 years of management, these properties may be auctioned, with proceeds held for 10 years before reverting to the national treasury.

— New Taipei City Land Administration BureauExplaining the process for properties that remain unclaimed.

The Land Administration Bureau emphasizes that listing properties for management does not mean immediate auction. However, it serves as a warning that prolonged inaction could lead to public sale. Heirs are urged to complete inheritance registration promptly to protect their rights. The bureau also noted that under civil law, inheritance rights and obligations are equal for all genders, encouraging individuals not to neglect their rights due to traditional views. For complex cases with numerous heirs or difficulties in reaching an agreement, partial heirs can apply for joint ownership registration as a provisional measure, allowing for future division after an agreement is reached.

Heirs are urged to complete inheritance registration promptly to protect their rights.

— Wang Peirong, Chief of Land Registration Section, New Taipei City Land Administration BureauAdvising heirs on necessary actions.
DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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