In Taiwan, efforts to promote urban renewal and the reconstruction of dilapidated and aging buildings often face obstacles such as a lack of willingness among property owners, institutional constraints, and inefficient execution. As the problem of urban aging becomes increasingly severe - particularly given the inadequate seismic resistance of many old buildings located in earthquake zones - urban renewal and the reconstruction of dilapidated and aging buildings are not only crucial to urban development but also impact residential safety and long-term social stability. To address this, the Taiwan government amended Article 65 of the Urban Renewal Act (the “Act”) in 2024. Additionally, the Ministry of the Interior passed a draft amendment to the Statute for Expediting Reconstruction of Urban Unsafe and Old Buildings (the “Statute”) at the end of 2025, with both sets of amendments primarily focusing on provisions related to floor area ratio (FAR) incentives or floor area bonus.
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