Reported over 1 year ago
Keelung's 'Most Beautiful Starbucks' in Xinfeng, which was converted from a hot spring resort, was bought by a developer for 1.1 billion NTD in cash without a loan in January. The purpose of the acquisition might be for future residential development. The property, opened at the end of 2017, has been in operation for 6.5 years. With rising property prices in Keelung, the area is attracting developers for new projects. The surrounding residential properties have been transacting at 21 to 26 thousand NTD per ping, even reaching 36 thousand NTD per ping for new properties, indicating a lucrative market for developers.
Source: YAHOO