What is the most profitable thing to do in Taiwan, China? Xie Jinhe, chairman of Caixin Media, mentioned on Facebook that there are many rich people in Taiwan, but many of them do not make profits by operating their businesses, but instead make a lot of money from land. This also makes him sigh, "With land justice alone, Taiwan has no solution!"
Xie Jinhe gave an example. The Datong Lin family recently sold the land of the original ancestral property opposite ZTE Department Store, which was originally a display store of Datong products, to build a building. The land is located in the essence of in Zhongshan District, Taipei City, with an area of only 456.67 square meters, but it sold 5.11085 billion yuan (NT$) with an average of NT$11.19 million, which is approximately RMB 2.4 million. Xie Jinhe said that the land in the urban area of Taipei can be described as "Guisensen." Many people often complain that the housing prices in Taipei are very expensive, but in fact, the builders are just processing industries. Yan Bingli, managing director of , Ding & Walk, , once said in the past: "The house is bread, and the land is flour. If the flour is very expensive, the bread will definitely not be cheap." Xie Jinhe pointed out that Taiwan has heavy taxes on real estate, but light land taxes, so the profit of hoarding land is much greater than that of a house, which made him sigh that "this is the secret to making money for rich people." Xie Jinhe finally said helplessly that the Lin family in Datong sold less than 500 square meters of land and could make a profit of 3.9 billion yuan without doing anything. "What else is better to make than this?"
