Taiwan is aiming to sell a 12-storey retail complex to foreign buyers from Greater China and Singapore, reports SCMP (31 July 2018). Located in Taipei, Living Mall is being offered for sale with an indicative price of HK$10 billion (US$1.3 billion) amidst high capital gains taxes and a sluggish economy in Taiwan. Carrie Law, CEO of Juwai.com, however believes that it could prove difficult to make a persuasive investment case to foreign buyers. “When investing in Taipei, you need to understand the tax treatment, low stock levels, and the low yields, both of which are facts of life. It is very difficult to make an investment case when you face 35 per cent capital gains tax on any acquisition,” said Law. “We don’t see a significant role for mainland China or Hong Kong Chinese investors in Taipei at the moment.”