Taiwan opened up the island to Chinese mainland investment on June 30 2009, which was a historic breakthrough in accelerating two-way cross-Strait investments.

The opening-up accelerates economic cooperation across the Taiwan Strait. From June 2009, Taiwan authorities had approved 38 investment projects from the Mainland totaling $68.68 million by the end of February. Taiwan's investment in mainland China surged 188% year on year to US$2.24 billion in Q1 2010. The Chinese authorities approved a total of 595 Taiwanese investment projects, 37.4% more than in the same period of last year.

Mr. Randall Hall, CEO of Savills China said," Taiwan opened its property market to mainland China in July 2009, in an effort to leverage the vast economic advantages that can be enjoyed through a closer cross-Strait policy. We are confident that initiatives like the MOU and the ECFA present China and Taiwan with limitless business opportunities. Today the launch of Savills' China/Taiwan Desk reinforces our positive view of the future."

Ms. Cynthia Chu, Managing Director of Savills Taiwan said," With the launch of Savills' China/Taiwan Desk, we are aiming to provide Taiwanese and mainland Chinese clients with a premium service. In addition, the ability to cross-refer real estate opportunities to Taiwanese and mainland Chinese investors who require access to real estate in other Asia Pacific property markets will be possible through the extensive Savills' office network."

Savills China/Taiwan Desk will provide services including:

1. Assisting Mainland / Taiwan investors with valuations and market research of Taiwan / Mainland real estate;

2. Providing agency services for Mainland / Taiwanese investors who are interested in acquiring Taiwan / Mainland property;

3. Execution of a marketing strategy for China / Taiwan property in Taiwan / China;

-End-

Editor's Notes

Savills

Savills is a leading global real estate service provider listed on the London Stock Exchange. The company, established in 1855, has a rich heritage with unrivalled growth. It is a company that leads rather than follows and now has over 180offices and associates throughout the Americas, Europe, Asia Pacific, Africa and the Middle East.

A unique combination of sector knowledge and entrepreneurial flair gives clients access to real estate expertise of the highest calibre.  We are regarded as an innovative thinking organisation backed up with excellent negotiating skills.  Savills chooses to focus on a defined set of clients, therefore offering a premium service to organisations and individuals with whom we share a common goal.  Savills is synonymous with a high quality service offering and a premium brand, takes a long term view to real estate and invests in strategic relationships.