Regulations on Sale and Lease of New Town Lands Through Tendering Article 10

When handling sale or lease through tendering under this Regulation, in case that nobody bids or the tendering fails twice, the authority shall appropriately reduce the minimum price and then execute sale or lease through tendering again, but the reduction may not exceed 20%.When handling sale or lease through tendering again under the above paragraph, in case that nobody bids or the tendering fails again, the authority shall reduce the re-announced minimum price by up to 20%, and then carry out the sale or lease through tendering once again. In case that nobody bids or the tendering fails, the authority shall review and adjust the use zoning and use control of this land, and then execute a sale or lease through tendering again according to Paragraph 4, Article 8 of the Act and this Regulation.
中文原文 新市鎮土地標售標租辦法第10條
依本辦法辦理標售、標租,經公告招標二次無人投標或廢標者,主管機關得酌減底價,再行公告辦理標售、標租;酌減數額不得逾百分之二十。
經依前項重行公告辦理標售、標租,仍無人投標或廢標者,主管機關得以重行公告之底價再行酌減至多百分之二十,並重行公告辦理標售、標租。
經公告招標仍無人投標或廢標者,主管機關得檢討調整該土地使用分區及使用管制,並依本條例第八條第四項及本辦法規定重行辦理標售、標租。

English translation for reference only; the Chinese text prevails. Not legal advice.