Reported 11 months ago
Within the past five years in Taichung, eight restaurants or banquet halls with over 300 ping each were acquired by developers. These properties were located in prime areas with high land values, making them lucrative investments for developers looking to avoid the high costs of purchasing land and constructing new buildings. Large restaurants with ample parking spaces provide developers with the opportunity to quickly consolidate a significant land base, saving time and costs, and offering flexibility in product planning for future projects.
Source: YAHOO