Regulations on Sale and Lease of New Town Lands Through Tendering Article 17

Where a successful bidder doesn't pay the land purchase price, royalty fee for using the land in advance, rent, or option money of superficies rights according to this Regulation, and still doesn't pay after the authority gives written hastening notice twice, it will be disposed of as a breach of the contract. The authority shall give written notice to notify the purchaser or lessee to remove the goods and facilities on the land purchased or rented through bidding. In case the bidder doesn't remove the aforesaid goods and facilities within the time limit, it will be regarded as abandonment of the ownership of the facilities and above-ground goods, the right to use the land, and the right to purchase or rent the land, and the purchase price, rent and option money already paid will not be refunded.