Savills continues to grow its presence in Taiwan. A joint party for the fifth anniversary of the Taipei office and the opening of the Taichung office, which now caters for clients in central and southern Taiwan, was held recently.
Savills continues to grow its presence in Taiwan. A joint party for the fifth anniversary of the Taipei office and the opening of the Taichung office, which now caters for clients in central and southern Taiwan, was held recently.
Taichung City is the urban centre of the Central region of Taiwan with a population of 6 million. Most Taiwanese enterprises in China are originally from Taichung. Luxury brands, including Louis Vuitton, Coach, and Coachmen achieve their highest single-store revenues from their Taichung branches. Taichung also has one of the largest precision machinery industry clusters in the world. Global brands such as Giant Bicycles and Maxxis are headquartered in the region. As it used to be the seat of the provincial government, public facilities, universities and cultural institutes are all well established in the city.
Cynthia Chu, Managing Director of Savills Taiwan said the Taichung expansion “was required because of the strong demand from both domestic and international clients.” Taichung is a city with an ample supply of ready-to-develop land and better property investment returns compared with Taipei.
Raymond Lee, Chief Executive Officer of Savills Greater China, commenting on the opening of the Taichung office, said “this shows our confidence in Taiwan’s economic future, and specifically in Taichung’s property market.”
Robert McKellar, Chief Executive Officer of Savills Asia Pacific said that Savills Taiwan’s investment in the Taichung office “is a healthy organic growth resulting from Savills Taiwan’s outstanding performance over the past five years, under the leadership of Cynthia Chu.”
Savills Taiwan was established in April 2007, and has concluded an accumulated US$2.1 billion worth of property transactions. In 2011 alone, Savills Taiwan closed US$677 million worth of property deals.
Top photo (from left to right): Cynthia Chu, Managing Director of Savills Taiwan; Jeremy Helsby, Group Chief Executive, Savills plc
and Raymond Lee, Chief Executive Officer of Savills Greater China
Bottom photo (from left to right): Gordan Kao, General Manager of Savills Taiwan; Frank Marriott, Senior Director of Real Estate Capital Markets, Asia Pacific; Grace Lu, Senior Manager of Savills Taichung; Robert McKellar, Chief Executive Officer of Savills Asia Pacific; Cynthia Chu, Managing Director of Savills Taiwan and Grant Ji, Director of Savills Beijing