Mainland money backs Taiwan development

A developer from Beijing is working on Taiwan's first housing project with investment from the mainland. Two towers, with a hot-spring clubhouse and views of the ocean, are being built in the mountains just north of Taipei despite the island's wariness about opening its property market to a long-time political foe.

Vantone Capital and its Taiwanese partner, Southern Land Development, expect to open the twin 29-storey towers in June 2014. They say the 294 flats are 70 per cent sold.

via Business feed http://www.scmp.com/business/china-business/article/1121566/mainland-money-backs-taiwan-development