Anger flares as mainland Chinese muscle in on Taiwan property

Reuters ^ | Tue Aug 12, 2014 8:52pm EDT | Yimou Lee and Faith Hung

[Olog-hai]

Mainland Chinese are skirting rules aimed at limiting their purchases of property in Taiwan, stirring anger among local home buyers and fueling worries over Beijing’s creeping influence over an island that it views as a renegade province.

While Chinese money has boosted property markets across the world—from Sydney and London to Vancouver—mainland capital flows into the self-ruled island are an especially emotive issue for many Taiwanese. The government in Taipei has been criticized by some for not being more restrictive on mainland ownership of Taiwanese real estate.

Fueling fears of further encroachment by Beijing is a review of a cross-strait trade deal next month. In March, hundreds of students occupied Taiwan’s legislature for more than three weeks to protest against the trade pact. […]

Money from mainland China has helped drive home prices in Taipei up almost 200 percent in the past decade, according to property agents. …

[txrefugee]

The Chinese invasion by checkbook.

[ifinnegan]

I don’t like it.

But Taiwanese have elected pro-Chinese sycophants as President and the majority in the legislature.

Taiwan has essentially surrendered.

[sefarkas]

“The Capitalists will sell us the rope with which we will hang them.”