ERA Worldwide

Once known as Formosa, the island of Taiwan lies about 100 miles off the south coast of mainland China. When Chiang Kai-shek and the Nationalists were driven from China in 1949, he established Taipei as the capital of the Republic of China. Although Taiwan has few natural resources, through education and hard work, the Taiwanese people have created an economic miracle in the past 40 years and this small island has become known around the world. Today 5,000 year old cultural traditions – festivals, art, music, religion – continue alongside the modern high tech industries–manufacturing, electronics, communication–which have replaced agriculture as the major export of Taiwan. Taiwan offers the visitor a variety of delights – mountains, seashore, and an endless variety of tropical plants and fruits.

Real Estate in Taiwan
Three quarters of the island is mountainous and unsuitable for residential or commercial construction, making the available land very expensive. The average family living space in Taiwan is about 1,000 square feet, with an average price of USD $150,000 outside Taipei and $300,000 in Taipei. Real estate sales have been slow for several years and the outlook is for this condition to continue in 1998.

About ERA in Taiwan
As in other countries, ERA has emphasized professional training and has introduced modern real estate concepts and practices into a market where the majority of real estate practitioners continue to operate with the traditional practices of the past. ERA offices have pioneered the concept of commission sales and have established a high level of service quality to the industry.