The Taiwan Taoyuan High-Tech Industrial Park is holding a promotional fair in Beijing for a large piece of land for sale.

The 85 hectare piece of land belongs to Formosa Plastic Group, and is located at northwest Taiwan. It's valued at nearly 1.9 billion yuan, or nearly 2,000 yuan per square meter.

In late June, Taiwan authorities issued rules to allow mainland investment flowing into more industries and projects. Since then, many well-know mainland enterprises have started setting up branches on the island.

The property project is expected to be the first land sale by a Taiwan company in the mainland, if it succeeds. The property is for factory construction, and can be broken into separate lots or sold as parcel to a single buyer.